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UK Solvency II reforms may not yield net zero windfall, insurers warn

Rob Langston

The government has proposed reforms to the Solvency II regulatory framework for insurers, with the aim of freeing up capital for long-term investment, including in net zero transition. But insurers say the current proposals may not deliver that objective.

Last week, the UK government published its long-awaited Financial Services and Markets Bill, with chancellor Nadhim Zahawi describing it as a “landmark piece of legislation” that would deliver “our vision for a [financial services] sector that is more open, competitive, green and technologically enabled”.

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