By Anna Gray at BWCI anna.gray@bwcigroup.com “a range of sanctions, including in the most serious cases, substantial fines and imprisonment for criminal offences.” This is a summary only. Legal advice should be sought to understand the position in relation...
BWCI has been a member of DIFERA since 2018. This is Liberate’s employer accreditation scheme which awards organisations with a quality mark to demonstrate that the six principles of Diversity, Inclusion, Fairness, Equality, Respect and Acceptance are at the heart of...
By Anthony Brewer at BWCI anthony.brewer@bwcigroup.com “The priority for many schemes has become protecting their improved funding positions” A rapid rise in yields has changed the funding picture for many Defined Benefit (“DB”) pension schemes...
By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “the excess deaths, relative to the number expected, has increased” In the previous edition of Bandwagon we highlighted the emerging trend, which was identified in the second quarter of 2022, of the...
By Clair Le Poidevin at BWCI clair.lepoidevin@bwcigroup.com “a significant milestone in reforming the Solvency II framework” On 29 June the UK Prudential Regulation Authority (PRA) published a consultation paper (CP 12/23) on proposed changes to the...
By Jonathan Kemp at BWCI jonathan.kemp@bwcigroup.com “a tectonic shift in insurance accounting” IFRS 17 Insurance Contracts, a new insurance accounting standard, represents a tectonic shift in insurance accounting. The implementation date of 1 January 2023...
