Government sides with insurers over PRA
Chancellor Jeremy Hunt’s first Autumn Statement delivered the tax hikes and spending cuts that were widely expected as well as the Solvency II overhaul insurers had long hoped for.
In a 25-page paper, published alongside the Autumn Statement yesterday (17 November), the UK’s fourth chancellor in 2023 revealed plans to ditch Solvency II and replace it with new rules.
Insurers in
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