Treasury consultation on distributable profits of long-term (life) insurers

The Treasury has launched a consultation on technical changes to the legal definition of life insurers’ distributable profits, in the light of the implementation of Solvency II and the necessity for consequent changes to the Companies Act 2006.

As this issue has already been the subject of discussions with the industry, the consultation will close after a shorter period, on 15 November 2016, with the expectation that it will be passed into law relatively soon thereafter.

Contact FIN.

Contact FIN.

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