All AFM members meet exemption threshold
The Prudential Regulatory Authority has announced that small insurers will no longer be required to have their annual Solvency and Financial Condition Report (SFCR) externally audited. The decision comes following a lobbying campaign from the Association of Financial Mutuals (AFM), which provided evidence that PS25/18 (‘Solvency 2: external audit of the public disclosure requirement') was a very costly exercise and duplicated verification work elsewhere; it added pressure and in many cases more...
Only a quarter of multinationals have pooling in place
Equates to seven million people
Regulation needs to recognise that a funeral plan, unlike other financial products, is a service
To coincide with November's Mouth Cancer Action Month, Unum's managing director explores four ways that employees can combat oral cancer