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PRA to publish final package of Solvency UK rules in mid-November

Written by Adam Cadle
24/09/2024

The PRA has announced its intention to publish the final package of rules relating to the Solvency II Review in mid-November 2024.

A statement on the Bank of England website revealed that these rules will come into effect on 31 December 2024.

In June, the PRA published final rules for the new Solvency UK matching adjustment (MA), easing some of the restrictions and thus allowing greater flexibility for insurers to invest in a wider range of assets.

The regulator said it will now allow a more flexible calibration of the additional matching tests for “highly predictable” assets.

Furthermore, it amended the rules to ensure all in-payment income protection business and in-payment group dependent annuities will be eligible for the MA.


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