Articles and Updates

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EIOPA Solvency II Reporting Changes – 31/12/2023
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EIOPA are introducing their new reporting taxonomy – Version 2.8.0 – which will take effect for reporting from the 31st December 2023. The new taxonomy sees the first significant changes to the reporting templates since the introduction of Solvency II in 2016. Below we have summarised the main changes to[...]
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Solvency II Review Proposals in Europe and the UK
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As you are probably aware there are currently various reviews being conducted into Solvency II reporting by the regulators in Europe and the UK. The reviews are quite broad-ranging and cover many issues such as the long term guarantee and the risk margin, which are important, but here we are[...]
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Bank of England Statistics Data collection moving to XBRL
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Statistical Data collected by the Bank of England will use XBRL as the reporting format in future. This will be phased in from the end of 2021.
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Covid-19 Contingency Planning – March 2020
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We have been contacted by some clients recently, who are reviewing their contingency plans in the event that the Covid-19 situation escalates and further measures, including working from home, are recommended.
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Pension fund data reporting pressing ahead in Europe.
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European pension funds over €1 billion have about a year before they need to start reporting large quantities of data that may be difficult to source and clean, possibly in a data format they have never used before, and on a quarterly basis. Unless they’re in the UK... maybe.