ANDY Briggs, the boss of
It comes amid rumblings of discontent that changes to the regime are moving too slowly or being diluted.
At a dinner speech last week,
As they stand, the main benefit for the insurance sector will be in letting
Speaking at the
"We would like to implement these reforms as swiftly as possible,"
Woods said. The PRA is waiting to be given the powers to actually make the reforms, by the Financial Services and Markets Bill, which is currently working its way through the
Insurers have previously told City A.M. they are hoping the rules will come into force in 2024.
(c) 2023 City A.M., source