Insurance Industry Regulation

Part of Treasury – in the House of Commons at on 1 February 2022.

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Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

We are making progress. We are in deep conversations with the Prudential Regulation Authority and its actuaries on the way that the risk margin and the matching adjustments should be altered to release that additional capital. We are confident that progress will be made and we are also working closely with the insurance industry to see that that comes to pass.