The FSA will spend £100m implementing EU-wide insurance regulation Solvency II, which is "towards the low end" of original estimates but excludes "considerable" direct costs to the UK industry, FSA CEO Hector Sants says.
Speaking at an Insurance Institute lecture in London yesterday, Sants acknowledged the European regulation has "considerable direct implementation costs" which are being borne by UK financial services...
‘Devil in the detail’
Expanding the 'regulatory perimeter'
Consultation closing 15 September
Second report on IHT Review
As important as DB transfers
Customer numbers rise an average 3.1% across all providers
It’s The Pro Adviser Podcast
Defer to 2021/2022