This report reviews regulatory updates in July for life insurance companies in the United Kingdom and Europe. We note items published by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), European Insurance and Occupational Pensions Authority (EIOPA), Department for Work and Pensions (DWP), and The Pensions Regulator (TPR).
Key developments include:
- EIOPA publishes sets of guidelines and draft technical standards relating to the review of the Solvency II framework.
- The FCA, DWP, and TPR publish consultation paper CP26/25, “The value for money framework.”
- The FCA’s director of insurance discusses managing conflicts of interest in insurance.
- FCA and PRA directors discuss strengthening resilience across an increasingly interconnected financial system.
- The PRA publishes consultation paper CP12/26, “Insurance friendly societies, amalgamations and transfers.”
- The PRA publishes policy statement PS18/26, “Solvency UK: Post-implementation reporting and disclosure amendments and own funds permissions update.”
- The PRA publishes LIAF02/26, “Low impact amendments finalisation July 2026.”