Treasury in discussions to speed up Solvency II reforms
The Treasury is looking to speed up a key post-Brexit reform to unlock £100bn of investment from the UK insurance sector, after growing impatience in the industry and government over the pace of change.
Officials are discussing with the sector whether to pursue a two-stage implementation of the EU-inherited Solvency II regime, according to people familiar with the matter.
The Phoenix Group has said the reform could allow it to invest tens of billions of pounds into infrastructure.
This story originally appeared on: Financial Times - Author:Daniel Thomas
