Quarterly insights for the UK Insurance & financial services market
Current issues in insurance & financial services – Winter edition
28 Jan 2021
In this edition of Current issues in insurance & financial services, we bring you the latest insights into the UK insurance & financial services market including:
- A regulatory outlook for 2021;
- An outlook for products and pricing in 2021;
- Investment Pathways and the latest FCA data on accessing pension pots;
- The latest episode of ‘The fintech feed’, and;
- The latest update from Club Vita on COVID-19.
Regulatory outlook for 2021
The future of the regulatory landscape in the UK is a big talking point in the insurance industry. With EIOPA proposing a raft of changes to Solvency II, it'll be interesting to see what impact this could have on the future UK framework. In this article, we discuss the key changes we could see in 2021, when these could happen, and what impact they could have on insurers.
Outlook for products and pricing in 2021
Throughout 2020, life insurers have implemented business continuity plans, adapted underwriting processes and reviewed the impact of COVID-19 on their products and customers. But what potential impact does COVID-19 have on life insurance products and pricing this coming year?
Can Investment Pathways help avert a retirement income crisis?
In this blog, we analyse the latest FCA data on accessing pension pots and consider how Investment Pathways, going live in February, could help avoid a future crisis in retirement income for non-advised customers.
Podcast - Advice, apps and APIs: the changing face of financial services
The third episode of 'The fintech feed' discusses the topic of: 'Advice, apps and APIs: the changing face of financial services'. Scott Finnie has a ‘down the pub’ style chat (if only!) with the energetic Founder and CEO of Nucleus Financial, David Ferguson.
COVID-19: The latest picture as at 21st January 2021
In the latest weekly update on emerging COVID-19 data, Club Vita finds that both COVID-19 and non COVID-19 linked deaths have increased sharply in the first week of 2021. However, these figures should be treated with some caution, given likely ‘catch-up’ in death registrations from the festive period.