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

Just give me a Wason just a little bit's enough
The Wason selection task is a logic puzzle from the 1960s. It goes like this: You have 4 cards. Each card has a letter on one side, and a number on
Inflation uncertainty returns as pricing pressures shift
After a period of stabilising inflation, UK personal lines insurers are once again facing a more uncertain outlook. The recent conflict in Iran may no
Smart isn’t enough insurers must scale operations to succeed
Even the most advanced pricing strategies fail without execution at scale. Discover how insurers can operationalize insight through collaboration, clo

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.