The PRA held the anticipated ‘Solvency II: countdown to implementation’ conference last week. They were open and delivered some important messages but as expected there are still lots of technical questions unanswered. Our latest blog looks at the key takeaways.
We need to continue to warn savers through every means possible about pension liberation and what it means.
The PRA issued two documents relevant to the Matching Adjustment on 15 October 2014. The first, CP23/14, covers Solvency II approvals and provides details of the Matching Adjustment pre-application process.
On 10 October 2014 the European Commission adopted a Delegated Act containing implementing rules for Solvency II. The European Parliament and Council now have until April 2015 to approve them.
The latest version of our Current Issues in Pensions Financial Reporting newsletter has just been released and it gives some interesting considerations for company directors for the end of Q3 2014.
The European Insurance and Occupational Pensions Authority (EIOPA) has published yet another consultation into potential new solvency requirements for pension schemes.
On 6 October 2014 the PRA published Consultation Paper 21/14: Policyholder Protection. Our latest blog looks at the the implications of this consultation.
In early 2014, the Central Bank of Ireland published new reserving requirements for non-life insurers and non-life reinsurers and life reinsurers. Our latest blog looks at the three documents relating to non-life (re)insurers' new reserving requirements.
If you are waiting for your IP14 certificate this month or want to re-start pension contributions subject to receiving your certificate, we have news about when it will be available.
The PPF has reduced its target levy from 2015/16 and made some welcome changes to the levy framework. However, not all schemes will see a fall in their levy.