20 Nov, 2023 PRA releases consultation paper on funded reinsurance By Andrew Barton Madison Isted Emma Waters On 16 November 2023, the PRA published a consultation paper on funded reinsurance. The PRA has made several proposals to address what it...
14 Dec, 2022 Will the Edinburgh Reforms make a difference? By Alexandra Green Michael Sholem Gavin Haran On 9 December, the Chancellor announced a package of over 30 reforms to the UK’s financial regulations, an attempt to achieve the biggest...
20 Oct, 2022 EU reaches positive agreement on ELTIF reforms By Samuel Brooks Gavin Haran Tiffany Cox Negotiations have concluded between the European Council and the European Parliament on changes to the European Long Term Investment Fund...
26 Oct, 2021 FCA publishes Long Term Asset Fund final rules By Lora Froud Gavin Haran The FCA has published its final rules for the Long Term Asset Fund (LTAF). The LTAF is a new authorised fund vehicle that aims to make it...
28 Sep, 2021 Official Working Group encourages pension savers to invest in long term assets By Lora Froud Gavin Haran The Productive Finance Working Group has published its recommendations to UK policymakers to remove barriers to investment by retirement...
07 May, 2021 FCA consults on the LTAF By Lora Froud Gavin Haran Tiffany Cox The FCA has published its long awaited consultation on the creation of a Long Term Asset Fund (LTAF). The LTAF is an open-ended...
01 Jun, 2020 FCA delivers update on Covid-19 business interruption test case By Jessica Iannantuono The FCA has announced in a press release issued today an update on the progress of its court action on business interruption (BI)...
01 May, 2020 FCA seeks clarity from the court on business interruption insurance cover By Christopher Charlton The FCA has announced in a press release today that it intends to obtain a court declaration to resolve contractual uncertainty in...
15 Apr, 2020 Covid-19: FCA estimates that most business interruption insurance provides no pandemic cover but urges insurer flexibility on claim payments By Andrew Barton On 15 April 2020, the Financial Conduct Authority (FCA) wrote to the CEOs of all insurance firms regarding business interruption (BI)...
11 Feb, 2020 High Court distinguishes Prudential/Rothesay in approving Part VII transfer, suggesting limited appetite for interventionist approach By Andrew Barton The decision in Prudential/Rothesay last year, in which the judge rejected the proposed Part VII transfer of c.£12.9bn in annuity...
30 Oct, 2018 Brexit pragmatism By Alexandra Green A welcome breath of Brexit pragmatism, in the interests of business and its customers, from Andrew Bailey at the City Banquet, Mansion...