It aims to address investment managers' demand for greater clarity following Solvency II reforms and insurers' increased focus on solvency risk factors.
Source: captiveinsurancetimes.com
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FCA's new 'polluter pays' proposals will impact firms providing DB transfer advice - Defined Contribution
News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service
Source: pensions-expert.com
FCA's 'polluter pays' regulation will add to DB transfer advice burden
The Financial Conduct Authority’s (FCA) ‘polluter pays’ regulations will pose further issues for firms advising on defined benefit (DB) transfers, according to actuarial consultancy OAC.
Source: professionaladviser.com
The Morning Briefing: Advice market in 'state of flux'
Good morning and welcome to your Morning Briefing for Wednesday 8 November 2023. To get this in your inbox every morning click here. 'State of flux' in advice market The state of flux in the advice market will mean the advice gap widening in the short-term as firms grapple with pressing economic and regulatory
Source: moneymarketing.co.uk
Treasury collects £7.3bn in Insurance Premium Tax receipts
Insurance Premium Tax (IPT) receipts reached a “record” £7.34bn for the 2022/23 financial year, an increase of 11% from the £6.63bn in 2021/22.
Source: professionaladviser.com