The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have published final rules to improve individual accountability in the banking sector, following up laws on variable pay.
The rules include three main aspects: a Senior Managers Regime focusing on individuals holding key roles and responsibilities in relevant firms, a Certification Regime applied to staff providing investment...
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.
PP has compiled a list of what to watch out for over the coming months.