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Since our last client briefing in January 2012, there have been several developments relating to the proposed new Solvency II regime although perhaps not as much progress as we might have expected at that time. Many steps still remain to be taken on the path...

On 7 March 2012, the FSA published Policy Statement 12/4, "Protecting With-Profits Policyholders - Feedback on CP 11/5 and Final Rules" ("PS 12/4"). It sets out a summary of responses by industry participants to CP 11/5 ("CP 11/5"),...

Since our last Solvency II client briefing in July 2011, there have been a number of developments in relation to the implementation of the Solvency II Level 1 Directive. This briefing provides an update on these developments and a discussion of the key outstanding...

On 24 February 2011 the FSA published Consultation Paper 11/5, "Protecting With-Profits Policyholders" (“CP 11/5”). It covers a variety of issues, including the terms on which new business is written, material reductions in new business, profit...

In May 2010 we reported on the key issues facing the industry under Solvency II. Since then there have been a number of key developments (in particular, relating to the Omnibus II Directive, the creation of EIOPA and further debate on third country equivalence),...