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Summary of regulatory developments: Updates for January 2023

16 February 2023

This report reviews regulatory updates in January for life insurance companies. We include items published by the European Insurance and Occupational Pensions Authority (EIOPA), Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA), with details for each agency, such as:

  • A letter by the PRA to CEOs of insurance firms
  • EIOPA publishes its Q&A on regulation
  • The FCA undertakes a thematic review of retirement income advice
  • The PRA publishes 2022 feedback for the Insurance Stress Test
  • The FCA highlights focus for firms implementing the Consumer Duty, a new regulatory framework
  • EIOPA issues its opinion on draft standards governing corporate sustainability disclosures

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