Pensions: Regulation

(asked on 2nd September 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what impact assessment the Government has carried out on the impact of Solvency II reforms on pensions.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 20th September 2022

The Government is committed to ensuring that the insurance regime remains a safe home for people’s pensions. As well as that, UK insurers remain internationally competitive.

The Treasury's consultation on the prudential regulatory regime for insurers known as Solvency II closed on 21 July 2022. It included questions seeking evidence of the impact reforms would have on policyholder protection and annuity prices as well as other objectives, including investment for growth. The Government will set out its assessment of this evidence when it publishes a response to the consultation later this calendar year.

The Solvency II consultation document can be found here: https://www.gov.uk/government/consultations/solvency-ii-review-consultation

Reticulating Splines