While the EU Referendum and the US Presidential elections may have dominated the national headlines in 2016, the Transitional Measure on Technical Provisions (TMTP) was never far from the spotlight in financial services circles;  from consultations to supervisory statements, through turbulent economic conditions and much-needed recalculations.  And it is against that backdrop that the Prudential Regulation Authority (PRA) has issued for consultation some proposed amendments to Supervisory Statement 6/16 in which it clarifies its expectations for maintaining the calculation of the TMTP.

Our latest Solvency II newsflash analyses the PRA's proposals