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Blog
How does Solvency II fit into EIOPA’s strategic priorities?
EIOPA’s strategic priorities for 2015 were outlined in a speech by Gabriel Bernardino in Nov 2014. On the agenda were Solvency II, pensions to EU citizens and consu…
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Blog
Is there an impact for employers of NHS cancer drug restriction?
As the NHS announces a restriction on certain life prolonging cancer drugs, does this provide further support to the argument that employers need to redesign their …
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Blog
Johnson report comforts schemes providing CPI-linked pension increases
A review of consumer price indices suggests ending the use of the RPI as soon as possible. The report considers the available indices, what is the ultimate aim of …
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Blog
Appropriateness of standard formula for SCR
As part of the Solvency II framework, firms are required to understand and explain the differences between their own risk profile and the underlying assumptions of …
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Blog
Asset data requirements for Solvency II
Insurers may be required to obtain additional asset data in order to satisfy Solvency II requirements. This blog summarises what may need to be collected and what t…
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Blog
Unit-linked business – it just keeps getting harder
In removing the need to match the face value of the unit-linked liabilities, Solvency II threatens to change the straight forward nature of unit-linked business. Th…
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Blog
Skilled Person Panel Meeting
On 5 December 2014 the FCA and PRA held a skilled person panel briefing. There were two key messages that came out of the meeting which we look at in our latest blo…
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Blog
2014 – the year where Solvency II got real and we all bought Lamborghinis
2014 was a busy year for the actuarial world. Our blogs show how many things happened in the last 12 months, there are 3 key reasons we will remember 2014: Solvency…
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Blog
Reversible Jump Markov Chain Monte Carlo (RJMCMC) Method
Continuing our series of blogs on methods of GI reserving that have caught our interest, we turn our attention to the Reversible Jump Markov Chain Monte Carlo (RJMC…
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Blog
VAT: RIP the trustee. Long live the trustee company…?
HMRC has recently issued two briefing notes in relation to reclaiming VAT on invoices for pension scheme services. Whilst on the face of it, DC schemes seem to be g…