Articles - Update on capital resources requirements for PIF's


 The Financial Services Authority (FSA) has deferred the introduction of new capital rules for personal investment firms for two years to allow firms more time to prepare.

 The rules were made in November 2009 (" target="_blank">http://www.fsa.gov.uk/pages/Library/Policy/Policy/2009/09_19.shtml">PS09/19) and were due to be phased in over two years, commencing on 31 December 2011 with the full requirements in place by end 2013.

 However, the phasing in of the new rules firms will now commence on 31 December 2013 with the full requirements in place by end 2015, giving firms who need it more time to build up their capital resources to the required levels.

Back to Index


Similar News to this Story

How to save on risk lines using analytics
Shield your organization both from unnecessary costs and insurance shortfalls. Risk analytics can help you drive optimized risk retention, insurance
The continued outlook for the bulk purchase annuity market
The bulk purchase annuity (BPA) market has demonstrated remarkable resilience despite shifting economic conditions. Demand remains strong, but the con
Its all coming back to mean now
A common argument in favour of equity investments is that, even though they go down, they will bounce right back up again. Effectively, this implies m

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.