15 Apr, 2024 EIOPA lays down expectations for third-country reinsurance supervision By Jimi Piggott-Bader The European Insurance and Occupational Pensions Authority (EIOPA) has issued a supervisory statement laying down expectations for the...
21 Mar, 2024 FCA publishes findings on how firms provide retirement income advice (firms providing personal recommendations on investments should also take note) By Premlata Fagan On 20th March, the FCA published a report on the outcomes of its thematic review (TR 24/1) on retirement income advice. In this report,...
29 Jan, 2024 PRA consults on plans to bolster insurers' solvent exit planning By Jimi Piggott-Bader The PRA has opened a consultation (CP2/24) on how insurers prepare to execute solvent exits. All PRA-regulated insurers – other than...
04 Oct, 2023 PRA to run dynamic general insurance stress test in 2025 with a "significant shift" from previous exercises By Premlata Fagan The PRA has announced that it intends to run a dynamic general insurance stress test in 2025. Little detail has been provided at this...
28 Sep, 2023 FCA's sets out priorities for the insurance sector for 2023 to 2025 By Premlata Fagan Jimi Piggott-Bader The FCA has published letters that it has sent to firms in the retail, wholesale and life sectors updating them on its market wide...
05 Sep, 2023 FCA opens consultation to move IDD level 2 measures for insurance firms into its Handbook By Jimi Piggott-Bader The FCA has opened a consultation (CP23/19) on moving a tranche of retained EU 'delegated regulations' - linked to the Insurance...
07 Aug, 2023 Pension Dashboard Service Firms: are you ready for the new regulatory framework? By Premlata Fagan The UK Government has been working for some time to progress its pensions dashboard initiative, introducing the new online platforms...
05 Jul, 2023 FCA finalises new guidance for insurers on supporting customers in financial difficulty By Jimi Piggott-Bader The FCA has finalised new insurance guidance for supporting customers in financial difficulty (PS23/9). The guidance replaces and expands...
12 Apr, 2023 FCA Business Plan 2023/24 - takeaways for insurance and pension providers By Jimi Piggott-Bader Amid a challenging and changing market backdrop - from cost of living pressures and heightened operational resilience risks, to the UK...
16 Jan, 2023 FCA reshapes guidance for insurance customers in financial distress By Jimi Piggott-Bader The FCA has launched a consultation (CP23/1) to replace guidance for non-investment insurance customers in Covid-related financial...
09 Jan, 2023 FCA proposes amends to product governance rules for GI and pure protection products distributed overseas By Jimi Piggott-Bader The FCA has outlined plans (CP22/26) to disapply certain product governance obligations in respect of the manufacture and distribution of...
01 Aug, 2022 A design for life (and non-life) - FCA confirms Consumer Duty impact for insurance sector By Jimi Piggott-Bader The Manic Street Preachers' Everything Must Go, which celebrated its 25th anniversary last year, marked a musical and commercial...
12 May, 2022 Lines of duty - what the FCA's Consumer Duty means for insurers By Duncan Campbell Jimi Piggott-Bader In proposing the Consumer Duty, the FCA pinpointed several issues relating to insurance, including the value of add-on products, price...
28 Feb, 2022 VII wonders - PRA and FCA update their approaches to insurance business transfers By Jimi Piggott-Bader The PRA and FCA have published updates to their approaches for insurance business transfers, following the conclusion of their respective...
02 Feb, 2022 Insurance: UK law and regulation By Alastair Holt Jimi Piggott-Bader Clare McMullen Sebastian Barling +1 more... Show less Would you like a user-friendly and concise overview of UK insurance law and regulation? If so, please see this paper. It was great to...
27 Oct, 2021 Fancy a cross-jurisdictional tour of key insurance principles? Join 'Insurance Odyssey 2021' tomorrow By Sebastian Barling We are delighted to be hosting a global insurance-focused virtual panel discussion tomorrow, 28 October 2021 with Webber Wentzel, our...