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PRA’s Gareth Truran calls on firms to use Solvency II reforms to support productive investments

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Published on: 10 July 2024

Published by LNB News

LNB News 10/07/2024

Document Information

Issue Date: 10 July 2024

Published Date: 10 July 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Prudential Regulation Authority (PRA)’s executive director for insurance supervision, Gareth Truran, has given a speech on the updated Matching Adjustment (MA) regime, which went live on 30 June 2024. Truran discussed implementation issues and potential enhancements in future, but said insurers ‘have now everything they need to use the Solvency UK reforms to support their plans for UK productive investments. The onus is now on them to make the most of the opportunity the reforms present.’

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