http://www.kpmg.com/_layouts/feed.aspx?xsl=1&web=/UK/en/IssuesAndInsights/RSSFeeds&page=7e8a55af-5448-4d87-9b73-c8f04bca8b81&wp=31c02bf0-7325-4a71-8ff9-30561ce0b357KPMG RSS, Financial Services60http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/motor-insurance-driverless-car.aspxMotor insurers will only reap the opportunities presented by M2M technology by working collaboratively with car manufacturers and other stakeholdersTue, 21 May 2013 09:28:21 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/updates-to-rd-tax-credit-impacts-large-insurers.aspxThe new Research and Development Expenditure Credit for large companies is now with us, which may make the regime more attractive for insurance groups. We highlight the key points and recently announced changes.Tue, 07 May 2013 12:15:59 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mfglobal-client-money-distribution-application.aspxOn 2 May 2013, the Administrators and MFG UK applied to the High Court seeking directions for the imposition of a procedure by which distributions from the client money pool (the “CMP”) should be made (the “Client Money Distribution Application”). Tue, 07 May 2013 08:32:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/evolving-distribution-models.aspxIn this report we focus on Evolving Distribution Models. In particular, we look at the forces that are leading to a reshaping of distribution functions and how different elements of the model are changing. Fri, 17 May 2013 10:48:45 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-capital-requirements.aspxWith the Solvency II timetable receding into the future and the gestation of “ICAS+”, now is the time to take stock on a number of fronts, including tax.Tue, 07 May 2013 12:16:05 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-pressures-in-the-lloyds-market.aspxA summary of a few key continuing taxation issues in the Lloyd’s market, including senior accounting officer and member level reinsurance, and their relationship to current activity and debates.Tue, 07 May 2013 12:16:42 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/kpmg-acquires-makinson-cowell.aspxMeeting growing client demand for combined, independent debt and equity capital adviceFri, 19 Apr 2013 06:59:07 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/unit-pricing-committee-tax-agenda.aspxThe FSA are conducting a Thematic Review of unit linked business. Gordon Gray discusses some topical tax issues relevant to the management of unit-linked business.Tue, 07 May 2013 12:14:41 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/time-for-a-social-charter-for-the-insurance-sector.aspxI believe the insurance industry needs to consider some form of social charter in an effort to repair the lost covenant with its disenfranchised communities.Tue, 21 May 2013 11:30:05 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-appoints-new-UK-Head-of-Insurance.aspxKPMG has appointed Phil Smart as UK Head of Insurance. Wed, 10 Apr 2013 10:28:20 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-concerned-over-depth-of-EIOPAs-insurance-proposals-for-2014.aspxThe European Insurance and Occupational Pensions Authority (EIOPA) today released four consultation papers providing the detail of its proposed interim measures guidelines, which it proposes should be adopted by national supervisors from 1 January 2014Wed, 27 Mar 2013 14:50:28 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/uk-banks-performance-benchmarking-report-fy-results2012.aspxThe Performance Benchmarking Report examines the full year results of the five major UK banks: Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered. Mon, 08 Apr 2013 08:47:29 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Increased-bank-profits-wiped-out-by-cost-of-past-mistakes-and-increased-credit-worthiness-of-their-own-debt.aspxThe UK’s major banks recorded a rise in core profits of 45% in 2012 – to a combined sum of £31.5 billionMon, 25 Mar 2013 14:51:18 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-investment-management-strategy-provdes-boost-for-UK-funds.aspxThe Treasury's Investment Management Strategy is “a very strong statement of intent to preserve and enhance the UK’s position as a leading global investment management centre”Wed, 20 Mar 2013 15:55:25 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-accounting-finally-closes-the-GAAP.aspxKPMG in the UK welcomes the issue of the Financial Reporting Council’s (FRC’s) Financial Reporting Standard 102Tue, 19 Mar 2013 13:48:07 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mfglobaluk-shortfalls-application.aspxThere are various possible ways the Court might hold that shortfall claims into the general unsecured estate should be valued. Below are some examples which illustrate some of the key matters that will need to be determined by the Court. Mon, 13 May 2013 10:05:10 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-comments-on-IASB-proposals-on-accounting-for-loanimpairments.aspxThe IASB has today issued its long-awaited revised proposals on accounting for the impairment of financial assetsThu, 07 Mar 2013 14:00:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-calls-for-clear-road-map-to-implementation-following-latest-Solvency-II-delay.aspxThe European Parliament plenary meeting to consider, and hopefully approve, the Omnibus 2 amendments to the Solvency II directive has been moved back from 10 June to 22 October 2013Thu, 21 Feb 2013 10:07:31 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/European-banks-in-midst-of-a-multi-year-transition-says-KPMG.aspxThe third in the series of Evolving Banking Regulation reports from KPMGThu, 21 Feb 2013 16:23:03 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/vat-cost-sharing-exemption-uk-law.aspxVAT exemption for services provided by a cost sharing entity is now available as the UK has brought itself in line with European law. This should allow partly or fully exempt businesses to receive certain services free of VAT.Wed, 06 Mar 2013 15:10:43 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/eu-financial-transaction-tax-impact-uk-insurers.aspxThis article discusses the impact the EU Financial Transactions Tax will have on UK insurersFri, 15 Feb 2013 15:16:44 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/overview-of-icas.aspxOverview of the FSA’s proposed ICAS+ approach including considerations for firms and KPMG’s view on the proposals.Fri, 22 Feb 2013 13:52:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/best-Islamic-finance-adviser-by-Euromoney.aspxKPMG has been named 'Best Islamic Assurance and Advisory Services Provider' in the 2012 Euromoney Islamic finance awards. Wed, 13 Feb 2013 10:57:09 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/fatca-for-non-financial-institutions.aspxIn this fifth article on FATCA, we consider the pertinent points for non-Financial Institutions, such as general insurers and insurers that only write Exempt Products and this proves to be a much lighter meal. Mon, 25 Feb 2013 15:24:10 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-conditional-settlement-jan2013.aspxMF Global Inc., MF Global UK Ltd. and MF Global Holdings Ltd. Hindsight Application JudgmentFri, 01 Feb 2013 13:55:02 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-hindsight-application-judgment.aspxMF Global Inc., MF Global UK Ltd. and MF Global Holdings Ltd. Hindsight Application JudgmentTue, 05 Feb 2013 16:58:34 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/impact-study-may-not-end-solvencyII-delays.aspxFollowing agreement of the terms of reference by the European Parliament, the Council and the Commission, European Insurance and Occupational Pensions Authority (‘EIOPA’) has today launched the long-term guarantee impact studyMon, 28 Jan 2013 16:01:45 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/risk-moving-from-cost-centre-to-value-creator.aspx Plenty of scope exists for turning risk management, within insurance businesses, from a cost centre into a value creator claims Michael Crawford, Head of Insurance Risk & Capital, KPMG in the UKWed, 30 Jan 2013 14:47:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/feast-of-iga-draft-documentation.aspxWe summarise the key changes to the draft US-UK intergovernmental agreement (IGA) published on 26th July 2012Wed, 06 Feb 2013 15:29:41 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Final-FATCA-regulations-bring-much-needed-certainty-but-implementation-time-frame-remains-challenging-says-KPMG.aspxCommenting on new FATCA final regulations released in the evening of 17 January, Jennifer Sponzilli, KPMG US tax partner based in London, commented:Fri, 18 Jan 2013 10:27:10 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/mf-global-trustees-administrators-agreements.aspxMF Global Inc., MF Global UK Ltd. and MF Global Holdings Ltd. reach agreements to resolve all claims among the estatesFri, 05 Apr 2013 15:20:35 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Last-Boarding-Call-for-Alternative-Fund-Managers-to-Prepare-for-the-AIFMD-says-KPMG.aspxAlternative Investment Fund Managers Directive will have wide-reaching & long-term implications for AIFMs required to achieve compliance by 22 Jul 13.Wed, 16 Jan 2013 10:20:26 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/premium-limit-for-qualifying-policies.aspxWe consider in this article the proposed legislation in draft Finance Bill 2013 in relation to the new £3,600 premium limit for qualifying policies and whether concerns raised by the Industry during consultation have been appropriately addressed. Wed, 19 Dec 2012 09:12:50 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/gains-contracts-life-insurance-non-residence.aspxThis article considers the draft Finance Bill 2013 provisions in respect of time apportioned gain reductions; summarising the key aspects of the proposals, issues and next steps.Tue, 18 Dec 2012 16:26:35 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-opportunity-hiding-in-solvency-II.aspxThe Solvency Capital Requirements under Solvency II could be cut by 25% or more if the tax element is treated appropriately. Gordon Gray discusses the tax opportunity hiding in Solvency II for the Insurance ERM website.Tue, 18 Dec 2012 16:25:56 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/rti-annuity-payments-are-you-ready.aspxThe PAYE Real Time Information requirements in relation to annuity payments by pensions providers are particularly challenging.Thu, 03 Jan 2013 14:11:42 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/ebt-hmrc-settlement-opportunity.aspxUsers of Employee Benefit Trusts (“EBTs”) have an opportunity to avoid litigation and settle with HMRC under their ‘Settlement Opportunity’. Consideration will be required to determine whether this is a sensible approach for the user.Tue, 18 Dec 2012 16:24:27 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/autumn-statement-2012-banks-hit-again-as-levy-rises.aspxThis is the fifth successive increase in the bank levy over three years – probably some kind of tax recordWed, 05 Dec 2012 13:36:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Proposed-Limited-Amendments-to-IFRS9–limited-only-in-name-says-KPMG.aspxThe proposed limited amendments to IFRS 9 are a step towards the reform financial instruments accounting under IFRSMon, 10 Dec 2012 08:55:29 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-and-ACCA-report-calls-on-standard-setters-and-Islamic-banks-to-work-together-to-harmonise-financial-reporting.aspxAction must be taken to ensure that the way Islamic finance is reported financially is harmonised and made more consistentMon, 10 Dec 2012 09:02:20 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-outlines-steps-needed-to-get-Solvency-II-back-on-track.aspxAs the insurance industry grows increasingly frustrated with ongoing Solvency II delays and uncertainty, KPMG outlines a series of measures that should be adopted to move the regulatory framework forward.Tue, 06 Nov 2012 08:54:48 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/data-systems-journey-not-destination.aspxKPMG discusses the data and systems aspects of insurance finance change and highlights why insurers need to closely manage their transformation journeys to ensure they achieve a manageable and practical solution.Mon, 29 Oct 2012 14:31:23 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMGcallsforintroductionofBankers’Codetorestoretrust.aspxAs confidence and trust in the banking industry reaches new lows, KPMG’s UK head of financial services, Bill Michael, calls for a Bankers’ Code Mon, 21 Jan 2013 17:04:15 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Another-key-delay-pushes-Solvency-II-beyond-2014-says-KPMG.aspxThe European Parliament’s vote on Omnibus 2, due to take place in November, has now been pushed back to March 2013Fri, 12 Oct 2012 13:22:34 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/new-slim-line-fatca-regime-insurance.aspxKPMG discusses the UK specific Annex II of the Inter-Governmental Agreement (IGA) highlighting how the industry is now in a much improved place compared with when the proposed regulations were releasedThu, 18 Oct 2012 09:34:00 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/solvency-II-tax-progress-uncertain-world.aspxKPMG technical practices survey of market practices for Solvency II taxThu, 18 Oct 2012 09:35:24 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-non-life-insurance-run-off-market-shrinks-by-25-over-past-decade.aspxKPMG’s 10th annual UK Run-Off Survey: Non-Life Insurance report reveals that run-off liabilities continued their decline in 2011Tue, 09 Oct 2012 09:55:59 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/life-policies-non-residence-hmrc-consultation.aspxHMRC has published “Life Insurance – Time Apportioned Reductions”, which reviews relief on life policy chargeable event gains when non-residentMon, 22 Oct 2012 16:35:55 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/reduce-capital-requirement-in-2014.aspxIntroduction to the key tax impacts for Solvency IIThu, 18 Oct 2012 09:34:22 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Libor-review-sends-broader-message-to-banks-Its-also-time-to-press-the-reset-button-on-culture-and-behaviour.aspxCommenting on the Wheatley Review of Libor released today, Giles Williams, banking regulation partner at KPMG, said:Fri, 28 Sep 2012 14:11:56 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/future-of-compliance.aspxOur publication 'The Future of Compliance' explores how compliance functions can proactively manage their complex challenges to guide their firms through turbulent times.Wed, 17 Oct 2012 09:24:28 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/building-societies-database-2012.aspxKPMG's Building Societies Database report annually examines the financial results of the UK's building societies. 2012's edition discusses their successes, future regulatory challenges and whether they are to play a big role in the future of UK bankingMon, 10 Sep 2012 04:35:09 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Building-societies-to-play-a-big-role-in-the-future-of-British-banking-says-KPMG.aspxBuilding societies are entering a period of potential growth and success which could lead to them fulfilling a new role by the end of the decadeWed, 23 Jan 2013 09:35:08 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-calls-for-a-clear-statement-on-Solvency-II-implementation-date-after-latest-Omnibus-2-delay.aspxThe timetable for Solvency II implementation could slip as the European Parliament's consideration of the proposed Omnibus 2 amendments was again delayed this morning.Fri, 31 Aug 2012 12:44:54 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Financial-stability-vs-Economic-growth-are-safer-banks-as-good-for-the-economy-as-many-believe.aspxIt is impossible for banks to satisfy the conflicting requirements to strengthen capital ratios while increasing lending to businessesMon, 08 Oct 2012 09:55:10 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/inter-governmental-agreement-low-factor-diet-life-assurers.aspxWe summarise the key changes to the draft US-UK intergovernmental agreement (IGA) published on 26th July 2012Tue, 18 Dec 2012 13:13:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MPC-takes-sensible-wait-and-see-approach.aspxTom Hooper, economist at KPMG comments on today’s MPC decision to make no change to the base rate or QE.Thu, 02 Aug 2012 14:21:14 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MPC-takes-sensible-wait-and-see-approach.aspxTom Hooper, economist at KPMG comments on today’s MPC decision to make no change to the base rate or QE.Fri, 03 Aug 2012 14:17:37 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Reformation-of-the-banking-sector-has-entered-a-new-chapter-says-KPMG.aspxThe reformation of the banking sector has entered a new chapter as banks must rebuild shattered trust and confidence, redefine culture and behaviour, rein in costs and focus on core businesses, says a new report from KPMGMon, 30 Jul 2012 07:21:47 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Insurers-need-to-boost-the-Solvency-II-know-how-of-their-boards-says-KPMG.aspxThe majority of firms are not currently doing enough to bring their boards up to a suitable level of Solvency II understanding, jeopardising their opportunity to gain a competitive advantage and their ability to ensure regulatory compliance.Thu, 26 Jul 2012 11:18:23 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-finance-usa-application.aspxOn 24 May 2012 Finance USA issued an application to the Court to reverse the decision of the Administrators to reject the claim. Mon, 10 Sep 2012 12:12:42 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/SAO-guidance-revision-ramifications-for-insurers.aspxHMRC has published revised guidance on the Senior Accounting Officer legislation, which has significant ramifications for insurance groups with turnover of more than £200 million.Thu, 18 Oct 2012 09:40:21 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/how-real-time-information-changes-payroll-tax-reporting.aspxThe new Real Time Information regime will dramatically change payroll tax reporting. We map a quick route to compliance.Thu, 29 Nov 2012 13:24:06 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/HMRC-consultation-qualifying-policy-premium-limits.aspxWe consider the impact of HMRC's consultation document "Life Insurance - Qualifying Policies", addressing technical and practical issues relating to the proposed tax relief limit on premiums.Thu, 18 Oct 2012 09:37:21 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-appoints-Tom-Brown-as-global-head-of-investment-management.aspxKPMG has appointed Tom Brown, currently European head and deputy global head of investment management, to lead the global investment management practice from 1 October 2012Mon, 16 Jul 2012 08:45:45 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MFGlobalUK-RTMApplication.aspxMF Global UK Special Administration RTM applicationFri, 02 Nov 2012 13:50:02 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-cjeu-santander-case.aspxThe Santander case looks at withholding tax on cross-border dividends, a subject that has come before the Court on many occasions in the past.Fri, 29 Jun 2012 11:04:21 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MFGlobalUK-HindsightApplicationWitnessStatement.aspxMF Global notice in relation to unsecured dividendFri, 29 Jun 2012 11:04:22 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-court-proceedings.aspxUpdates on the Court proceedings relating to the Special Administration of MF Global UKTue, 21 May 2013 11:11:14 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-important-documents.aspxImportant documents relating to the Special Administration of MF Global UKMon, 25 Feb 2013 10:01:03 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MFGlobalUK-ClientAssetDistributionPlan.aspxOn 29 June 2012, the Special Administrators published the Client Asset Distribution Plan.Mon, 29 Oct 2012 15:45:21 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/mf-global-estimated-outcomes.aspxThe special administrators of MF Global UK have published an illustrative financial outcome range of potential returns for the combined estates of the clients and creditors of MF Global UKFri, 29 Jun 2012 10:40:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/data-impacts-asset-management.aspxSolvency II is the most comprehensive regulation ever imposed on the insurance industry across Europe. The essence of the Directive is to require insurers to provide transparency over their risk and the levels of capital held to cover that risk.Tue, 26 Jun 2012 08:05:51 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-30-7-application.aspxOn 3 May 2012, the Administrators made an application to the High Court seeking directions as to the status of certain US Treasury Bills that were held by MF Global UK Limited when it entered special administrationWed, 12 Dec 2012 12:39:24 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/operational-risk-too-expensive-to-short-change.aspxKPMG’s banking newsletter discusses the way banks should mitigate their operational risks, i.e. rogue trading.Tue, 03 Jul 2012 12:51:36 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/new-breed-of-buyers-eye-bank-portfolio-disposals.aspxKPMG outlines that pension funds and insurers are now buying bank portfolio disposals.Tue, 03 Jul 2012 12:51:21 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/bank-disintermediation-raises-spectre-of-shadow-banking-risks.aspxThis KPMG article warns banks about the shadow banking risks emerging from the recent financial crisis.Tue, 03 Jul 2012 12:51:58 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/changing-behaviours-battle-to-prevent-rogue-trades.aspxKPMG’s article on how to identify and rectify rogue behaviours in the banking industry.Tue, 03 Jul 2012 12:51:43 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/regulators-up-the-ante-governance.aspxKPMG describes how the root cause of banks’ regulatory failings can be traced back to poor governance. Tue, 03 Jul 2012 12:51:28 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/greek-euro-exit-threatens-payments-nightmare.aspxKPMG details the implications for Euro payment schemes if Greece leaves the Euro.Tue, 03 Jul 2012 12:51:51 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/solvency-ii-discount-rate.aspxA short, easy to read paper explaining the issues regarding the Solvency II discount rate, why they’re important and their impacts.Tue, 19 Jun 2012 09:20:54 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/systemic-question-shifts-insurers.aspxThe IAIS published a consultation paper on its proposed method for assessing whether an insurance company is of global systemic importance. The paper does recognise in clear terms that “the traditional insurance business model is different from banking”.Fri, 15 Jun 2012 08:52:59 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/QuestionsremaindespitethelongawaitedbankingreformWhitePaper,saysKPMG.aspxClear that reform will happen but key details for banks remain to be determinedThu, 14 Jun 2012 15:12:07 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-hindisght-application-witness-statement.aspxOn 3 May 2012, the Special Administrators made an application to the High Court seeking directions in respect of client money claimsWed, 06 Feb 2013 13:39:45 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/financial-adviser-regulations-investor-retirement-plans.aspxRegulatory initiatives designed to protect consumers could drive some advisers to play it too safe with their clients.Thu, 30 Aug 2012 12:37:06 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MF-Global-six-month-progress-report.aspxThe special administrators of MF Global UK have published a six month progress report on activity to date, in accordance with statutory requirements.Thu, 31 May 2012 07:14:07 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Solvency-II-and-Insurance-Groups.aspxKPMG sets out its perspectives on how insurance groups are currently addressing the compliance and broader business impacts of Solvency II, focusing on how Insurance groups can use the regime to optimise management of the business in a Solvency II world.Thu, 24 May 2012 07:41:56 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/institutional-investors-spur-hedge-funds.aspxThe post-2008 influx of institutional money into hedge funds has resulted in a marked increase in the global industry’s operational sophistication and transparency to investors, according to a new report by KPMGTue, 22 May 2012 09:45:07 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/solvency-ii-beyond-compliance-towards-optimisation.aspxKPMG explores why insurers who have invested in Solvency II programmes to ensure compliance should now look to realise the potential business benefits that can be achieved.Thu, 03 May 2012 08:03:50 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/claims-equalisation-reserves-following-introduction-solvencyII.aspxKPMG in the UK’s insurance tax practice, considers the background behind claims equalisation reserves for general insurers and the forthcoming tax regime changes that will see these released with the introduction of Solvency II.Thu, 18 Oct 2012 09:44:13 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/insurance-business-transfers-new-life-tax-regime.aspxThe major changes to the treatment of insurance business transfers in the new life insurance tax regime means that groups progressing or contemplating transactions should reassess their restructuring processes and analysis of tax risk.Thu, 18 Oct 2012 09:41:20 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/insurers-maximising-research-development-claims.aspxCompanies with expenditure on qualifying R&D are eligible to claim tax benefits. Our experience is that insurance groups are often not making such claims, foregoing valuable tax savings or cash flow advantages.Thu, 18 Oct 2012 09:43:25 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Finance-Bill-2012-life-tax-impacts-income-minus-expenses-calculation.aspxConsideration of key commercial allocation and trade profit implications in relation to the new life tax regime income minus expenses calculation.Wed, 02 May 2012 11:05:02 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/giant-step-taxation-life-assurers.aspxThe latest Finance Bill places the taxation of life assurers on an accounts basis and more into line with the majority of other companies.Thu, 18 Oct 2012 09:42:04 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Hedge-funds-outperformed-equities-bonds-and-commodities-since-1994.aspxHedge funds significantly outperformed traditional asset classes such as equities, bonds and commodities over the last 17 yearsMon, 08 Oct 2012 09:48:06 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MFGUKUpdateonprogress–19April2012.aspxUpdate on progress of MF Global UK Special Administration (19 April 2012)Fri, 20 Apr 2012 15:43:44 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/general-insurance-solvency-ii-programmes.aspxGeneral Insurance Solvency II Programmes: Still fit for purpose?Wed, 18 Apr 2012 07:59:51 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/CFOs-shift-their-focus-in-response-to-recession.aspxThe role of in-house finance teams is under the microscope again as CFOs look to expand their level of influence and encourage innovation and growthMon, 02 Apr 2012 08:53:36 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/succeeding-changing-world.aspxThis document is the Investment Manager sector’s commentary on the second Business Leaders Agenda survey. Fri, 30 Mar 2012 08:15:32 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-urges-IASB-to-maintain-a-sharp-focus-on-insurance.aspxAn-insurance-standard-is-urgently-needed-in-2013Thu, 29 Mar 2012 15:28:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Chancellor's-2012-budget-life-assurance-issues.aspxWe have selected for comment the key changes that specifically relate to life assurers.Thu, 29 Mar 2012 07:56:37 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/uk-banks-performance-benchmarking-report-fy-results-2011.aspxThe report examines the 2011 full year results of the following banks: Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered. We also include some analysis of the results of Clydesdale Bank, Nationwide Building Society and Santander.Thu, 29 Mar 2012 07:55:59 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/business-case-insurance-finance-transformation.aspxKPMG highlights the strong business case for Insurance Finance Transformation and indicates the substantial benefits that can be achievedThu, 29 Mar 2012 08:14:34 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Key-Solvency-II-milestone-reached-today-as-Omnibus-2-gets-stamp-of-approval.aspxOmnibus 2 - which amends Solvency II in a number of key areas including its implementation date and inclusion of transitional arrangements - has successfully passed today’s milestone vote by ECONThu, 22 Mar 2012 14:55:51 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/frontiers-in-finance-supplement-march-2012.aspxTransparency has become a critical issue for both traditional and alternative investment managers, especially in the post-crisis era.Tue, 27 Mar 2012 13:28:30 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Doubts-over-future-profitability-at-UK-banks.aspxKPMG’s UK Banks: Performance Benchmarking Report highlights how profitability at the UK’s largest banks has suffered at the hands of the Eurozone crisis and the significant costs associated with PPI, the bank levy and regulatory requirementsMon, 19 Mar 2012 08:37:11 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mobile-banking-golden-future.aspxIn March’s edition of the KPMG Banking Newsletter, we discuss specific findings of the latest UK Banks Performance Benchmarking Report Full Year Results 2011.Tue, 27 Mar 2012 13:40:14 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/reshaping-investment-banks.aspxArticle on reshaping investment banks from KPMG’s UK Banks Performance Benchmarking Report Full Year Results 2011Tue, 27 Mar 2012 13:38:10 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/simplification-of-banking.aspxIn March’s edition of the KPMG Banking Newsletter, we discuss specific findings of the latest UK Banks Performance Benchmarking Report Full Year Results 2011.Tue, 27 Mar 2012 13:33:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/banking-fit-for-purpose.aspxA noteworthy article from KPMG’s 2011 UK Banks: Performance Benchmarking Report.Tue, 27 Mar 2012 13:38:59 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/practical-implications-fatca-uk-insurers.aspxKPMG discusses some practical FATCA considerations, such as the impact on investments, policy documentation and personal pensions, and indentifies areas to discuss further with industry bodies.Tue, 20 Mar 2012 11:41:00 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-uk-statement-of-affairs.aspxThe Statement of Affairs is a statutory document setting out the financial position of the company at the date of insolvencyFri, 16 Mar 2012 10:34:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MF-Global-Impact-of-Supreme-Court-Decision-in-LBIE-v-CRC.aspxA summary of the issues considered in the Lehman’s “client money” decision handed down by the Supreme Court on 29 February 2012Tue, 18 Dec 2012 13:00:22 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/business-leaders-agenda-survey-video.aspxTom Brown discusses the findings of the latest KPMG Business Leaders Agenda survey, focusing on the results from the Investment Management sector.Wed, 07 Mar 2012 14:21:18 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/global-insurance-programmes-tax-compliant.aspxKPMG discuss the potential hidden exposures (VAT, Insurance Premium Tax and Transfer Pricing) for multinational insurance groups who have centrally purchased insurance cover for corporate group membersThu, 18 Oct 2012 09:50:54 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/10-steps-new-life-tax-regime.aspxKPMG highlight ten practical steps to take to prepare for the new UK life tax regime starting 1.1.2013 with particular reference to systems issues.Thu, 18 Oct 2012 09:48:32 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Swallowing-FATCA-operational-challenge.aspxKPMG discusses the practical implications of FATCA guidance, including perceptions that it only impacts US investors. The article considers whether pension policies in or out of scope and the operational challenges facing insurance companies.Thu, 18 Oct 2012 09:49:54 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Final-Solvency-II-proposals-could-directly-impact-the-UK-pensions-market-and-wider-macro-economy,-warns-KPMG-report.aspxA KPMG report, Evolving Insurance Regulation, highlights concerns that the final Solvency II proposals could negatively affect the pensions market and wider economy in some European countries.Mon, 05 Mar 2012 09:00:56 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Investment-management-industry-bullish-about-growth-opportunities,-says-KPMG-report.aspxCompared with other industries, including banking and insurance, investment managers are bullish about growth opportunities according to KPMG’s Succeeding in a Changing World reportThu, 01 Mar 2012 09:32:01 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Long-lease-property-funds-to-dominate-in-2012,-growing-by-at-least-£1bn-says-KPMG.aspx2012 is set to be the year in which “long lease” property funds go mainstream as pension funds look for certainty over future rental streams, according to KPMG in the UK.Wed, 29 Feb 2012 15:33:46 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/evolving-insurance-regulation-time-to-get-ahead-uk.aspxThis global insurance thought leadership, developed by the Regulatory Centers of Excellence, takes a fresh look at the various regulatory reform initiatives in the insurance sector.Mon, 27 Feb 2012 14:20:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/HMRC-new-tax-evasion-task-forces.aspxDerek Scott, director of Tax Investigations at KPMG, comments on HMRC's announcement of thirty new tax evasion task forcesMon, 10 Sep 2012 12:00:29 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/financial-reporting-matters-february-2012.aspxWe support the inclusion of new accounting policy choices, which should help to ease the transition process for many UK entities. Mon, 10 Sep 2012 12:16:34 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Energy-Regulation-Pamphlet.aspxA raft of new regulation is on the horizon, designed to prevent another financial crisis from happening - and it is not only financial services that will be affected.Thu, 23 Feb 2012 21:08:56 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Tax-authorities-reach-for-the-Cloud-for-revenues,-says-KPMG.aspxThe growth in the use of Cloud services to replace traditional IT service provision presents significant challenges to both taxpayers and tax authorities, according to KPMG in the UKWed, 22 Feb 2012 11:05:03 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/fatca-delay-heightens-ffi-uncertainty.aspxWith the clock ticking towards 1 January 2013, when the Act comes into force, foreign financial institutions (FFIs) are still waiting for publication of the preliminary guidance.Fri, 02 Mar 2012 12:52:04 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/EBA-guidelines-internal-governance.aspxNow the EBA guidelines have been issued, firms have to strengthen their internal governance arrangements by 1 April 2012.Fri, 02 Mar 2012 11:24:24 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/icb-dodd-franks-developments-further-complicate-banks-rrp-admissions.aspxUnderstanding the impacts of Dodd-Frank, and the changes stemming from the ICB, will be critical for banks as they plan their future business strategies and prepare their RRPs.Fri, 02 Mar 2012 11:24:24 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/are-you-ready-for-eurozone-meltdown.aspxAs the Euro crisis rumbles on, robust bank contingency plans are becoming ever more urgent.Fri, 02 Mar 2012 12:37:26 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/omnibus-directive-tackle-third-country-rules-raises-flag.aspxFormulating an 'Omnibus' directive to iron out inconsistencies between overlapping legislative proposals is an attractive notion. But will it just result in more delays?Fri, 02 Mar 2012 12:28:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/how-secure-mobile-banking-app.aspxMobile banking apps are here, but what’s at stake for the banks?Mon, 17 Dec 2012 12:08:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-named-best-Islamic-finance-adviser-by-Euromoney.aspxKPMG takes top prize in the Islamic finance awards for an unprecedented 5th year in a row Tue, 21 Feb 2012 10:34:42 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Addendum-Insurance-Regulatory-Returns-Workbook.aspxKPMG’s Addendum to the ‘Insurance Regulatory Returns Workbook’ is intended to assist insurers in the preparation of their 2011 year end regulatory returns to the Financial Services Authority (FSA).Thu, 23 Feb 2012 10:51:03 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/No-low-FATCA-diet-for-UK-insurance-groups,-say-KPMG.aspxUK insurers’ hopes that they may have been excluded from the Foreign Account Tax Compliance Act (FATCA) regime have been dashed by last week’s release of proposed regulations from the IRS.Thu, 16 Feb 2012 14:09:29 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Insurance-Regulatory-Returns-Workbook.aspxKPMG’s Insurance Regulatory Returns Workbook is intended to assist insurers in the preparation of their regulatory returns to the Financial Services Authority (FSA).Tue, 21 Feb 2012 11:27:16 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Trading-claims-against-the-MF-Global-estate.aspxThe administrators are aware that some creditors and third parties may be in the early stages of trading claims against the MF Global estate or their client money or client asset claimsMon, 20 Feb 2012 13:15:56 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-spread-betting-faqs.aspxAs part of the special administrator’s ongoing efforts to return money to creditors, MF Global’s spread betting customer list has been sold to Spreadex LimitedMon, 20 Feb 2012 13:17:11 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/mf-global-uk-first-interim-distribution-payment.aspxThe joint special administrators of MF Global UK have confirmed that they started making interim distribution payments to those with agreed client money claims on Friday 10th February.Mon, 20 Feb 2012 13:52:10 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/draft-irs-rulesc-ould-reduce-fatca-costs-by-10bn.aspxAdrian Harkin, global FATCA leader at KPMG, responds to the proposed FATCA regulations issued yesterday by the US Internal Revenue Services (IRS) Thu, 09 Feb 2012 11:15:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MFG-distribution-of-client-statements.aspxInformation about the Distribution of Client Statements and the Financial Services Compensation Scheme in relation to the special administration of MF Global UKWed, 28 Mar 2012 07:19:52 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Bankruptcy-figures-continue-to-fall,-however-as-the-political-and-economic-climate-hits-hard.aspxHigh unemployment and a rising cost of living may make it difficult for individuals to commit to existing payment arrangements with their creditorsMon, 11 Feb 2013 10:37:51 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/UK-Tax-Disclosure-Opportunities-Reassurance-and-certainty.aspxThe Liechtenstein Disclosure Facility (LDF) is a unique opportunity for UK residents to resolve historic tax issues with the UK tax authorities on beneficial terms, particularly in relation to inherited wealth.Fri, 03 Feb 2012 14:00:19 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MF-Global-UK-Special-administrators-report-for-court-hearing-030212.aspxThe report and interim distribution model for the High Court hearing dated 3 February 2012 in relation to the special administration of MF Global UKTue, 18 Dec 2012 12:50:03 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Latest-UK-financial-reporting-proposals-“will-improve-financial-reporting-in-the-UK”,-says-KPMG.aspxKPMG in the UK welcomes the issue of the Accounting Standards Board’s (ASB’s) latest Financial Reporting Exposure Draft (FRED) Wed, 01 Feb 2012 11:22:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-reviews-levels-of-government-support-in-Member-States.aspxThe European Commission’s proposal for an EU wide tax on financial transactions (FTT) has generated much public and political discussion since it was published on September 28, 2011. Fri, 03 Feb 2012 16:08:49 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Q4-UK-GDP-Figures-Chancellor-to-rely-on-more-QE-in-face-of-flat-lining-economy,-says-KPMG-Chief-Economist.aspxCommenting on the 4th quarter UK GDP figures published today, KPMG Chief Economist, Andrew Smith, said:Wed, 25 Jan 2012 10:04:16 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/New-appointments-to-KPMG’s-UK-transfer-pricing-team.aspxKPMG has appointed Matt Whipp, formerly Head of Business Risk and Transfer Pricing at Diageo plc, as a Director in its UK Transfer Pricing practice. Tue, 24 Jan 2012 10:41:01 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/fatca-another-day-another-dollar.aspxThe U.S. Internal Revenue Services’ (IRS) delay in release of the proposed regulations for the Foreign Accounts Tax Compliance Act (FATCA) may drive up the costs of compliance programmes, warns KPMG.Fri, 27 Jan 2012 10:34:44 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/missing-the-self-assessment-deadline-could-be-very-expensive,-warns-KPMG.aspxWith HMRC bringing in new penalties for late submission of self-assessment tax returns, missing the deadline could prove very expensive, warns KPMG in the UK.Thu, 12 Jan 2012 12:27:31 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/ifrs-for-investment-funds-segment-reporting.aspxThis publication addresses practical application issues that investment funds may encounter when applying IFRS 8 Segment Reporting.Mon, 06 Feb 2012 13:54:36 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MF-Global-UKadmin-update-100112.aspxThe Joint Special Administrators of MF Global UK Limited, have released an update following the creditors' meeting on the progress made in the special administration to date.Mon, 20 Feb 2012 13:51:08 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/evolving-banking-regulation.aspxThe journey to re-shape the banking sector continues, in a time fraught with uncertaintyThu, 02 Feb 2012 10:46:30 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/ring-fencing-retail-banks-no-turning-back.aspxThe UK Government announced that it will implement the Independent Commission on Banking (ICB) recommendations as the "most far-reaching reform of British banking in our modern history".Tue, 02 Apr 2013 08:06:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/general-insurance-outlook-2012.aspxMark Winlow, UK head of general insurance at KPMG, gives his ‘new year outlook’ for the general insurance market. Wed, 21 Dec 2011 13:56:11 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-banking-has-reached-the-point-of-no-return.aspxCommenting on the Treasury’s endorsement of the Independent Commission on Banking (ICB) proposals, Jon Pain, UK head of financial services risk consulting at KPMG, saidTue, 20 Dec 2011 08:55:06 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/HMRC’s-Transfer-Pricing-Statistics-Yield-Up,-Time-taken-Down.aspxHMRC released today extensive statistics for the first time about transfer pricing enquiries, Advanced Pricing Agreements (APAs), and Mutual Agreement Procedure (MAP).Mon, 19 Dec 2011 13:02:09 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/IASB-clarifies-offsetting-model.aspxThe International Accounting Standards Board today confirmed that it will retain its existing model for offsetting financial assets and liabilitiesFri, 16 Dec 2011 15:28:19 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/mf-global-uk-admin-update-161211.aspxThe Joint Special Administrators of MF Global UK Limited, today release their latest administration update, which includes an update on positions closed and client and creditor claims forms received to date.Mon, 20 Feb 2012 13:49:37 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-uk-proposals-initial-meeting-creditors-clients.aspxNotice of initial meeting of creditors and clients of MF Global UK and the Special Administrators' proposalsTue, 25 Sep 2012 12:35:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Further-delays-to-Omnibus-II-will-stall-Solvency-II-progress-again,-says-KPMG.aspxAn update from the European Parliament this morning has revealed that Omnibus II has been further delayed with the European Parliament not due to vote on the final rules until April 2012. Fri, 13 Jan 2012 15:58:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/technical-practices-survey-2011-tax-related-findings.aspxTax results from KPMG's Technical Practices Survey of the UK life assurance business.Mon, 26 Nov 2012 11:55:22 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG’s-five-key-tax-issues-for-businesses-to-consider-before-year-end.aspxChristine Hewson, tax partner at KPMG in the UK, outlines 5 key tax issues that all groups should have considered prior to year endThu, 29 Dec 2011 12:44:45 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/FSCS-update-customersMF-Global-UK.aspxProtected customers of MF Global UK Limited can expect to receive an application form to make a claim for compensation from the FSCS in the coming weeks.Mon, 20 Feb 2012 13:20:16 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-welcomes-delay-to-residence-test.aspxHM Treasury has delays the implementation of a new statutory residence test until April 2013 – a year later than the original proposal of April 2012Wed, 16 Jan 2013 18:09:32 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MF-Global-Client-Creditor-claims-forms.aspxMF Global client and creditors claim formsThu, 30 Aug 2012 11:40:27 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-uk-segregation.aspxInformation on what segregation means in practice for the money balance clients have with MF Global? Mon, 20 Feb 2012 13:27:33 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-uk-clients-claims-faqs.aspxAnswers to questions on clients and claims related to MF Global UK (in special administration)Mon, 20 Feb 2012 13:26:35 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-uk-exchange-traded-products.aspxAnswer to questions on exchange-traded products related to MF Global UK (in special administration)Mon, 20 Feb 2012 13:33:13 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Client-update–281111.aspxThe Joint Special Administrators of MF Global UK Limited are pleased to announce a timetable for the submission of claims for the return of client assets.Mon, 20 Feb 2012 13:22:13 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MF-Global-UK-Employees.aspxInformation for employees of MF Global UK Limited (in special administration)Thu, 29 Nov 2012 14:26:14 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MF-Global-UK-clients-open-positions.aspxInformation on the speical administration of MF Global UK for clients with open positions as at 31 October 2011Mon, 20 Feb 2012 13:32:21 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MF-Global-UK-creditors-claims.aspxLetters and information for creditors and clientsMon, 17 Sep 2012 09:50:03 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MF-Global-UK-what-is-special-administration.aspxMF Global UK Limited is in special administration under The Investment Bank Special Administration Regulations 2011. This is the first time a company has been placed into special administration under the Special Administration Regs.Mon, 20 Feb 2012 13:37:35 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/mf-global-ukadministration-update-281111.aspxRichard Fleming, Richard Heis and Mike Pink of KPMG LLP, the Joint Special Administrators of MF Global UK Limited, have announced today a timeline for the return of client money and client assets.Mon, 20 Feb 2012 13:55:01 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Chris-Morgan-appointed-head-of-tax-policy-at-KPMG-in-the-UK.aspxChris Morgan has been appointed head of tax policy at KPMG in the UK, taking over from Anneli Collins who is now global head of M&A tax for KPMG in the UK.Fri, 25 Nov 2011 10:56:57 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/g20-summit-tightening-the-regulatory-noose-on-systemically-important-firms.aspxAlthough dominated by the Eurozone problems, the November G20 summit demonstrated the determination of the authorities to press ahead with a second wave of major regulatory reforms.Tue, 02 Apr 2013 08:05:13 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-is-“open-for-business”-on-corporate-tax,-says-KPMG.aspxThe UK’s corporate tax competitiveness appears to have finally turned a corner, according to research commissioned by KPMG in the UK.Fri, 25 Nov 2011 10:22:00 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MF-Global-UK-administration-update-23-11-11.aspxRichard Fleming, Richard Heis and Mike Pink of KPMG LLP, the Special Administrators of MF Global UK Limited, announce today Mon, 20 Feb 2012 13:57:41 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/uk-fiduciary-management-market-worth-40bn.aspxOver the past 5 years, the UK Fiduciary Management market has grown to now comprise over £40bn of assets, covering over 200 pension scheme mandates, and equating to around 4 percent of the total UK pension scheme assets under management.Mon, 21 Nov 2011 15:36:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-client-update-191111.aspxThe special administrators have prepared a timeline for the return of client assets and client monies. This is currently being finalised and will be communicated to clients shortly.Mon, 20 Feb 2012 13:23:37 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mfglobal-client-update-181111.aspx18 November 2011 update for clients of MF Global UK Limited (in special administration)Mon, 20 Feb 2012 13:24:48 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/esma-industry-feedback-aifmd.aspxTom Brown, European head of investment management at KPMG, responds to the technical advice issued by the European Securities and Markets Authority on the Alternative Investment Fund Managers DirectiveFri, 18 Nov 2011 13:00:42 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/solvencyii-reporting-eiopa-consultation-on-pillar3-disclosures.aspxOn 8 November EIOPA released a public consultation document covering draft proposals on Quantitative Reporting TemplatesTue, 27 Mar 2012 08:18:36 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/eiopa-consultation-paper-on-the-ORSA.aspxOn 7 November EIOPA released a public consultation on the Own Risk and Solvency Assessment (ORSA).Wed, 01 Feb 2012 16:29:26 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Global-rebalancing-of-corporate-versus-indirect-tax-continues-KPMG-International-Survey-shows.aspxGlobal rebalancing of corporate versus indirect tax continuesWed, 16 Jan 2013 17:51:49 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/IASB-and-FASB-issue-their-revised-proposal-for-revenue-recognition.aspxKPMG welcomed the second round of proposals on revenue issued today by the International Accounting Standards Board and the US Financial Accounting Standards Board. Mon, 14 Nov 2011 14:34:55 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/global-regulation-global-market.aspxThe financial services sector in the UK is actually quite a unique beast, it's very different to anywhere else in the world....Tue, 15 Nov 2011 09:43:20 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mf-global-uk-liquidated-trades-positions.aspxBased on information received from the following exchanges and clearing houses, open trades and positions of MF Global UK Limited (in special administration) have been liquidated, with effect from the corresponding dates listedMon, 20 Feb 2012 13:35:13 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/solvencyii-benchmarking-survey-life-insurers.aspxAn executive summary, highlighting some of the key findings from our recent Life Technical Practices Survey.Tue, 23 Oct 2012 10:42:53 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-Solvency-II-benchmarking-survey-Life-insurers-on-track-but-still-under-pressure.aspxWhile UK life insurers are on track to meet Solvency II requirements they remain under considerable pressure, despite the 12 month implementation delay, primarily due to the lack of clarity about the final requirements.Fri, 13 Jan 2012 15:56:06 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/financial-reporting-investment-managers.aspxThe third annual report on financial reporting by Investment Managers provides key analysis and comparisons across high profile areas for the industry in the context of the demanding and changing environment we are currently facing.Wed, 09 Nov 2011 09:42:07 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Further-Solvency-II-clarity-provided-by-release-of-package-of-guidance-on-reporting.aspxDanny Clark, insurance partner at KPMG, commented: “The release of today’s consultation paper package is a very positive move by EIOPA to get the industry engaged and drive the Solvency II debate forwardFri, 13 Jan 2012 15:54:51 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/managing-insurance-assets-under-solvencyii.aspxRegulators have triggered changes which may impact insurers’ capital and asset allocation decisions.Wed, 01 Feb 2012 15:40:47 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Last-chance-for-insurers-to-raise-ORSA-questions-with-EIOPA.aspxConsultation paper released today sheds further light on SII requirements, however more clarity still needed.Fri, 13 Jan 2012 15:53:54 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/mf-global-uk-administration-update.aspxKPMG has seen over 650,000 MF Global open positions closed since the UK business was placed into administration on Monday 31 October.Mon, 20 Feb 2012 14:00:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/mfglobaluk.aspxThe latest updates from the special administrators of MF Global UK LimitedThu, 09 May 2013 12:36:37 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Bankruptcies-fall-but-personal-insolvencies-likely-to-rise-as-squeeze-tightens,-says-KPMG.aspxInflationary pressures on household budgets mean debtors likely to breach repayment plans, warns KPMGFri, 04 Nov 2011 09:26:59 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/mf-global-uk-special-administration-update.aspxThe joint administrators of MF Global UK have provided the following update on progress since their appointment on Monday 31st OctoberMon, 20 Feb 2012 14:01:46 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Administrators-appointed-to-MF-Global-UK-Limited-and-MF-Global-UK-Services-Limited.aspxUpon the application of the directors of MF Global UK Limited, the High Court has today appointed Richard Fleming, Richard Heis and Mike Pink of KPMG LLP as joint special administrators of MF Global UK Limited, a UK based broker-dealer business. Mon, 20 Feb 2012 14:02:52 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Ballooning-pension-deficits-pile-pressure-on-distressed-companies.aspxIf all UK defined benefit schemes had to have a mark-to-market funding valuation at 30 September, the aggregate deficit could be as much as £295bn Mon, 04 Feb 2013 14:37:12 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/technical-practices-survey-2011.aspxNow in its sixth year, our Technical Practices Survey continues to be highly regarded by individuals, companies and indeed other consultancies as a guide to the range of practices adopted in various areas of UK life actuarial work.Wed, 01 Feb 2012 15:40:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/asset-backed-pension-contributions-could-top-10bn-in-five-years.aspxAsset-backed financing for pension schemes (where a sponsoring employer uses business assets to generate cash which is then paid to the pension scheme) continues to growThu, 30 Aug 2012 13:19:12 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Implementation-of-MiFID-2-is-another-significant-challenge-for-the-industry.aspxCommenting on the European Commission’s proposals on the second Markets in Financial Instrument Directive (MiFID) released todayThu, 20 Oct 2011 13:36:23 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Supreme-Court-dismisses-appeal-in-the-Gaines-Cooper-tax-residency-case.aspxKPMG's Mike Walker comments on the judgment from the Supreme Court on the long-running “Gaines-Cooper” tax residence caseThu, 10 Jan 2013 14:36:53 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/solving-tax-for-solvency-ii.aspxThe solvency capital requirement is defined as an amount equal to a 1 in 200 year loss. Crucially, this loss is net of any tax relief and so this tax relief is a key driver of the overall capital requirement. Thu, 29 Mar 2012 08:09:00 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/understanding-your-solvency-ii-assurance-needs.aspxThe focus of most Solvency II programmes to date has been on design and implementation. However, companies and groups are now considering what assurance is required to help ensure programmes are on track.Thu, 02 Feb 2012 09:51:21 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/addressing-the-people-and-change-aspects-of-solvency-ii.aspxPeople need to adopt new behaviours to ensure changes are embedded into the organisation. Thu, 02 Feb 2012 09:51:12 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/focus-on-transparency-calm-between-two-storms.aspxThis is the fifth year of Focus on Transparency, the KPMG European banking survey of banks’ annual reports.Fri, 14 Oct 2011 08:24:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/solvency-group-supervison-insurance-white-paper.aspxGroup supervision under Solvency II is much wider than just considering group solvency - it is essentially a supervisory tool kit.Tue, 27 Mar 2012 08:51:04 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/New-partner,-Jon-Exley,-joins-KPMG-Investment-Advisory.aspxJon Exley, previously a partner within Mercer’s specialist Financial Strategy Group, is to join the Investment Advisory practice at KPMG in the UK as a partner in November this year. Mon, 10 Oct 2011 10:28:50 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-Swiss-tax-agreement=increases-pressure-on-Swiss-banks,-says-KPMG.aspxCommenting on the significant tax agreement signed yesterday between Switzerland and the UK, Paul Harrison, tax partner and head of tax investigations at KPMG in the UK, said:Fri, 07 Oct 2011 09:46:01 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-predicts-wave-of-UK-bank-loan-portfolio-disposals.aspxThe market for portfolios of bank debt has officially thawed in the UK, according to the second Global Debt Sales report from KPMG’s Portfolio Solutions Group. Fri, 07 Oct 2011 07:27:04 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/New-round-of-QE-unlikely-to-be-the-last,-says-KPMG.aspxFollowing the MPC’s decision to embark on another round of quantitative easing, Andrew Smith, KPMG’s Chief Economist, commented:Thu, 06 Oct 2011 12:25:36 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-boosts-its-European-investment-management-practice.aspxKPMG is pleased to announce the appointment of Charles Muller to its European investment management practice. Charles was previously the Deputy Director General of ALFI, the association of the Luxembourg fund industry.Thu, 06 Oct 2011 09:02:59 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/External-forces-are-shaking-up-the-UK-non-life-insurance-run-off-market.aspxKPMG’s annual ‘Run-off survey’ of UK non-life insurance, has shown that liabilities have reduced again in 2010 but at a slower pace than in the past.Fri, 13 Jan 2012 15:44:03 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/systems-and-data-challenges.aspxSolvency II signals a transformation for Systems and Data Management practices in the Insurance market. Wed, 01 Feb 2012 16:13:32 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/pillar2-considerations.aspxPillar 2 includes the Own Risk and Solvency Assessment, the “ORSA” which is at the heart of Solvency II. Thu, 02 Feb 2012 09:51:27 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/navigating-the-wave-of-change.aspxRegulators, standard setters and governments have triggered an unprecedented wave of change impacting insurers, distributors and customers.Mon, 09 Jan 2012 10:26:13 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/internal-model-validation.aspxValidation can be thought of as the controls over the Internal Model processes, in a similar way to how the financial systems are validated. Hence, firms need to understand the end-to-end process that will be covered by the validation framework.Mon, 09 Jan 2012 10:26:04 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/making-a-success-of-group-supervision.aspxSolvency II is leading the way in developing regulation for insurance groups and introduces a new and comprehensive approach to group supervision.Tue, 27 Mar 2012 08:38:41 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-welcomes-the-FSA’s-clarification-on-Solvency-II,-however-more-details-needed.aspxKPMG today welcomed the FSA’s announcement that it has revised its assumed implementation dates for Solvency II in light of European discussions on Omnibus 2. Fri, 13 Jan 2012 15:38:36 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/fatca-implications-for-european-hedge-funds.aspxFortunately for hedge funds, FATCA is unlikely to fundamentally challenge firms’ business models in the same way it will other sectors of the investment management industry. Thu, 16 Feb 2012 10:55:34 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Pensions-Auto-Enrolment-one-year-to-go.aspxWith just a year to go before auto enrolment becomes compulsory for large employers, KPMG is warning that businesses that have not already begun to plan for this major change need to take action fastFri, 30 Sep 2011 10:02:42 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/pillar3-survey-results.aspxThis report contains the detailed results of the survey along with our analysis of the findings. Mon, 06 Feb 2012 13:56:14 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/pillar3-disclosure-and-reporting.aspxIn 2010, many Solvency II programmes held back their Pillar 3 activity due to dependencies on other work streams and uncertainty over the detailed Level 2 and 3 requirements. Tue, 27 Mar 2012 08:10:02 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/asset-allocation-reshuffling-the-pack.aspxRegulators have triggered changes which may impact insurers’ capital and asset allocation decisions. Thu, 29 Sep 2011 09:55:41 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-Global-Tax-Survey-UK-4th-highest-in-the-EU.aspxThe UK has the 4th highest top rate of personal income tax in the EU, according to the latest KPMG International Individual Income Tax and Social Security Rate Survey.Thu, 29 Sep 2011 07:34:18 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Omnibus-2-points-to-a-Solvency-II-implementation-date-of-1-January-2014,-says-KPMG.aspxThe European Council has now agreed a position on Omnibus 2 as detailed in the accompanying paper to the redraft issued late last week. Fri, 13 Jan 2012 15:34:33 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG’s-2011-Pensions-Repayment-Monitor.aspxDespite recent market volatility almost doubling UK FTSE 100 pension deficits to bring them to approximately £70 billion, the outlook for FTSE 100 companies on pensions is broadly positive, according to KPMG’s 2011 Pensions Repayment MonitorWed, 05 Oct 2011 12:49:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/London-insurance-market-stands-firm-despite-year-of-catastrophes.aspx2011 will be remembered as an exceptional year for the insurance industry, with record losses in the catastrophe market and key players posting losses in their half-year statements. Wed, 21 Sep 2011 09:23:11 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/london-insurance-market-stands-firm-despite-year-of-catastrophes.aspxFor insurers, 2011 will go down as an exceptional year. But despite the high volume of large claims, the London Insurance market remains robust. Mon, 26 Nov 2012 12:04:34 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Anti-money-laundering-drops-down-boards’-agenda-in-wake-of-financial-crisis.aspxBoard level interest in anti-money laundering (‘AML’) is being squeezed by other priorities, according to KPMG’s Global AML survey 2011Mon, 11 Feb 2013 10:30:19 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/general-insurance-performance-benchmarking-survey-half-year-2011.aspxWe are pleased to announce the publication of the latest edition of the General Insurance Performance Benchmarking Survey, which presents a review of the 2011 half year results of 9 London Market insurers.Fri, 24 Feb 2012 10:47:18 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/ICB-recommendations-game-changing-for-banks.aspxThe ICB recommendations are only one small step short of full Glass-Steagal separation of retail and investment banking in calling for operational, economic and legal separationMon, 12 Sep 2011 10:05:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/ICB-report-is-only-the-start-for-UK-banking-reform,-says-KPMG.aspxGiles Williams, head of KPMG’s Regulatory Centre of Excellence in Europe comments on the final report from the Independent Commission on Banking (ICB)Wed, 16 Jan 2013 17:55:42 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/hedge-fund-redomiciliation-trends-in-evolving-markets.aspxThe latest joint report around the key domiciliation and redomiciliation strategies adopted by fund managers within the global hedge fund industry, techniques they selected and factors behind their decisions.Fri, 28 Oct 2011 12:56:42 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-building-societies-remain-resilient.aspxTwenty-five years after the Building Societies Act 1986 came into force the outlook for the UK’s building societies which remained mutual is still highly competitive.Tue, 30 Aug 2011 08:08:56 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/building-societies-database-2011.aspxThis report summarises the financial performance of the current 48 UK building societies in a series of tables of statistics, ratios and rankings extracted from the latest published accounts for years ending from August 2010 to April 2011.Thu, 01 Sep 2011 10:42:17 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/executive-insights-summer-011.aspxThis publication, in collaboration with the ABI, shares the highlights from the ABI's 2011 leadership survey. Tue, 06 Sep 2011 12:31:49 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/insurancereporting-round-up-2010.aspxThis publication complements our General Insurance: Performance Benchmarking Survey, which reviews the performance, disclosure and accounting policies of general insurers with a UK bias to their operations. Tue, 06 Sep 2011 12:30:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/general-insurance-2011.aspxThis is our sixth publication reviewing the reported performance and position of selected listed general insurers.Tue, 06 Sep 2011 12:32:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/the-final-economics-of-hedge-accounting-of-interest-rate-risk-according-to-ias-39.aspxIFRS 9 proposes the alignment of risk management and financial accounting, which plays a prominent role in connection with hedge accounting.Mon, 10 Sep 2012 15:16:56 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/recovery-resolution-plans-insurers.aspxThis publication highlights the need for the insurance industry to be more engaged in the question of whether insurers are systemically important - and introduces the application of resolution planning.Tue, 06 Sep 2011 12:34:40 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-banks-troubled-by-future-growth.aspxBanks face uncertainty over future growth streams and regulatory costs according to KPMG’s UK Banks Performance Benchmarking Report Thu, 10 Jan 2013 13:59:00 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Enhanced-Transfer-Values-become-mainstream-for-pension-scheme-derisking,-says-KPMG-survey.aspx“Enhanced Transfer Value” (or “ETV”) exercises* have grown increasingly common as a tool for employers to manage their pension risks and their use is set to increase, according to a survey by the Pensions Team at KPMG in the UK.Wed, 17 Aug 2011 08:26:12 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/UK-banks-performance-benchmarking-report-HY-results-2011.aspxThe report examines the 2011 half year results of the following banks: Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered. We also include some analysis of the results of Clydesdale Bank, Nationwide Building Society and Santander.Thu, 10 Jan 2013 13:58:48 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Making-risk-appetite-practical-insurers.aspxRegulators and rating agencies are paying increasing attention to how well insurance firms operate against a robust risk appetite framework.Tue, 02 Apr 2013 07:20:03 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-LDI-Survey.aspxUK pension funds are choosing to spread their liability matching assets across a very small number of fund managers.Thu, 30 Aug 2012 13:04:36 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/IRS-rules-that-US-non-doms-can-set-their-30000-remittance-against-their-US-tax-bill.aspxThe IRS has issued a Revenue Ruling confirming that US taxpayers can claim credit for the remittance basis chargeMon, 08 Oct 2012 09:15:49 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/kpmg-comments-on-the-impact-of-uk-riots-on-insurance-industry.aspx“In many respects incidents such as these highlight the importance for general insurance to safeguard against unforeseen events. This will also serve as a reminder to consumers of the need to understand the fine print of their policies." Thu, 11 Aug 2011 12:47:47 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/recovery-resolution-planning.aspxIn November 2011 the G20 leaders will endorse recommendations to address the moral hazard posed by Systemically Important Financial Institutions (SIFIs). Wed, 07 Dec 2011 09:46:54 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Lloyd’s-Register-Pension-Trustees-appoint-KPMG-as-investment-advisors-to-its-£650m-Superannuation-Fund.aspxKPMG’s UK Investment Advisory practice (“KPMG”) has been appointed as investment advisers to the Trustees of the Lloyd’s Register Superannuation Fund Association (“the Fund”).Wed, 10 Aug 2011 13:16:05 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Bank-of-England-Inflation-Report-Disappointing-Growth-More-QE.aspxIn response to the Bank of England’s August Inflation Report, which pointed to continued above target inflation but weaker growth, Andrew Smith, Chief Economist at KPMG in the UK said…Wed, 10 Aug 2011 13:19:20 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Call-for-Action-Insurers-need-to-move-the-global-regulatory-debate-forward-says-KPMG.aspxThe insurance industry needs to engage more actively with policymakers regarding the future regulatory frameworkWed, 16 Jan 2013 14:38:46 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Reasons-to-be-cheerful!-Corporate-insolvency-drops-11-on-previous-quarter-and-drops-65-from-Q4-2008-peak.aspxThe latest statistics from the Insolvency Service have shown a meaningful drop of 11% in the number of administrations for the second quarter of 2011Fri, 11 Jan 2013 14:08:36 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-estimates-120,000-personal-insolvencies-a-year.aspxCosts of going bankrupt increasingly unaffordableFri, 05 Aug 2011 08:46:09 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Bruised-not-broken.aspxBanks around the world are eagerly eyeing opportunities in the emerging markets, according to a recent survey of banking executives by KPMG International.Tue, 14 Feb 2012 16:05:25 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/FSA-statement-on-platforms-and-RDR-leaves-a-lot-of-questions-unanswered,-says-KPMG.aspxResponding to yesterday’s FSA policy statement on platforms and the Retail Distribution Review (RDR)Tue, 02 Aug 2011 09:00:41 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/emerging-markets-dominate-global-banking.aspxSenior executives at some of the world’s largest banks give their views on regulation, growth and the evolving global banking landscapeTue, 18 Dec 2012 13:34:37 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-global-banking-report.aspxA KPMG report, entitled Bruised but not broken, predicts that global banking M&A activity will continue to be largely locally focused and big-ticket M&A transactions are unlikely to return for at least two years.Mon, 01 Aug 2011 11:56:45 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Med-Hotels-appeal-win-a-“key-decision”-for-the-travel-sector,-says-KPMG.aspxMed Hotels appeal win: a “key decision” for the travel sector, says KPMGMon, 01 Aug 2011 11:02:15 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Pensions-buy-ins-reach-£3bnl.aspxFavourable pricing conditions, increasing affordability and a fear that looming “Solvency II” regulations may make buy-ins more difficultThu, 17 Jan 2013 11:17:11 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/crd-final-text.aspxAhead of the Capital Requirements Directive (CRD 4) final text, KPMG's Giles Williams, said: “It is unlikely that there will be any surprises in the substance of the Directive, given it is based on the Basel 3 package."Mon, 18 Jul 2011 12:10:15 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/fatca-and-the-funds-industry.aspxKPMG surveyed leading fund promoters in 12 countries to look at the key challenges the industry needs to address as a matter of urgency to prepare for FATCA implementations.Fri, 15 Jul 2011 12:49:50 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/agile-asset-manager.aspxWhy agility is becoming an increasingly critical competence in helping asset managers outmanoeuvre and outperform the competition Mon, 22 Apr 2013 10:44:07 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-boosts-Islamic-finance-practice-with-the-appointment-of-Neil-D-Miller-as-the-new-global-head.aspxKPMG is pleased to announce that Neil D Miller has joined as global head of Islamic finance. Neil joins from the law firm Norton Rose where he led their global Islamic finance practice.Mon, 04 Jul 2011 12:30:30 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/financial-reporting-matters-28-june-2011.aspxIn this edition we focus on the IASB's changes to employee benefit accounting. We look at the ASB's latest comments on the future of UK GAAP and the IASB's revenue recognition standard. Thu, 30 Jun 2011 09:56:15 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/focus-on-transparency-june-2011.aspxFinancial reporting of European banks in 2010. Executive summary June 2011.Wed, 13 Jul 2011 14:14:43 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Future-shape-Banking-bill-michael-speech-BBA-Annual-Banking-Conference.aspxUnintended Consequences, Bill Michael’s speech presented at the BBA’s Annual Banking Conference on 29 June 2011Wed, 29 Jun 2011 10:34:33 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/European-banks-see-€110bn-profitability-swing-in-just-two-years.aspxKPMG’s report, Focus on Transparency, finds that retail and commercial banking performance has improvedWed, 30 Jan 2013 11:59:10 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/CEOs-recognise-that-agility-is-critical-to-future-success-says-KPMG.aspxAsset management CEOs believe their organisations will need to become more agile if they are to remain relevant to clients and grow profitably. Tue, 28 Jun 2011 14:22:51 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Investment-management-industry-underprepared-for-FATCA-says-KPMG-report.aspxA report from KPMG examining the investment management industry’s readiness for the US Foreign Account Tax Compliance Act (FATCA) reveals that a significant amount of work remains to be done prior to its commencement on 1 January 2013.Tue, 28 Jun 2011 10:06:50 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Investment-management-industry-KPMG-Report.aspxKPMG warns that unless there is a more co-ordinated approach to the regulation of the investment management industry in Europe and the US, businesses will increasingly look to move their operations to Asia.Tue, 28 Jun 2011 09:45:37 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/executive-insights-summer-2011.aspxHot off the press, our publication Executive Insights shares the highlights from the ABI’s leadership survey carried out earlier this month. Executive Insights is being launched at the ABI’s Biennial conference on the 22nd June.Wed, 22 Jun 2011 08:02:10 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/FSA-Business-Plan-2011-12-RDR-readiness.aspxThe Financial Services Authority (FSA) published its 2011/12 Business Plan on 22 March.Mon, 06 Feb 2012 13:50:07 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-forms-new-Financial-Services-Transfer-Pricing-and-Indirect-Tax-team.aspxThe new Financial Services Transfer Pricing and Indirect Tax team comprises around 50 people drawn from KPMG’s existing transfer pricing and indirect tax teams in the UK. Mon, 20 Jun 2011 10:13:10 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-welcomes-proposed-concessions-for-the-insurance-run-off-sector-under-Solvency-II.aspxThe revised Omnibus II Directive issued 14 Jun 11 includes specific transitional arrangements for (re)insurance companies in run-off under SolvencyIIWed, 16 Jan 2013 18:15:38 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Proposed-statutory-rule-on-residence-and-proposed-reforms-to-non-dom-tax-rules.aspxHM Treasury has today published consultation documents on a new statutory residence test and proposed reforms to the taxation of non-UK domiciled individuals Fri, 17 Jun 2011 12:43:43 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/long-term-care-partnership-system-support.aspxLong-term Care: What could a partnership system look like and how would it be supported?Mon, 26 Nov 2012 12:13:24 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/is-uk-heading-toward-competitive-tax-system.aspxThe Chancellor’s goal to make the UK’s tax system the most competitive in the G20 is honourable, but no different to pledges made by his predecessor. Mon, 26 Nov 2012 12:23:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/what-does-success-look-like-tackling-fraud.aspxUndetected fraud costs the insurance industry and its customers over £2 billion every year, according to the Association of British Insurers. Mon, 26 Nov 2012 12:46:13 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/flooding-what-happens-after-2013.aspxThe £3 billion in insurance payouts caused by the 2007 summer floods hit the headlines with a bang, and for good reason.Mon, 26 Nov 2012 12:51:30 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/rebuilding-confidence.aspxAs the government considers stepping up the role played by insurers in the relationship between the state and the private sector, rebuilding trust in financial services has never been more important.Wed, 06 Jul 2011 10:44:46 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/ready-for-reform.aspxThe next 18 months promises to be something of a rollercoaster ride for the insurance industry, says KPMG in the UK’s Head of Insurance, Drew Fellowes. However, the challenges facing the sector will also create significant benefits.Fri, 13 Jan 2012 15:16:34 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Pensions-accounting-standard.aspxToday the International Accounting Standards Board (IASB) issued its long awaited revised pensions accounting standard IAS 19 Employee Benefits. Thu, 16 Jun 2011 14:59:50 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Banking-industry-not-much-closer-to-understanding-the-full-ramifications-of-the-ICB’s-interim-recommendations.aspxCommenting on the Chancellor’s endorsement of retail banks ringfencing their operations, David Sayer, global head of retail banking at KPMG, said: Wed, 20 Jul 2011 12:39:36 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMGappointsnewRiskDirector.aspxKPMG is pleased to announce the appointment of Giles Triffitt as a Risk Director in its financial risk management division. Fri, 10 Jun 2011 08:53:47 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Releasing-land-is-helpful-although-says-KPMG.aspxGovernment’s announcement to release public land in order to build as many as 100,000 new homesWed, 20 Jul 2011 12:47:35 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/hedge-fund-redomiciliation.aspxThis report explores some of the key trends surrounding hedge fund redomiciliation and is set against a backdrop of major regulatory change and growing competition within the global hedge fund industry.Tue, 12 Jul 2011 08:26:03 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Hedge-funds-missing-a-trick.aspxKPMG predicts that many hedge funds are not taking advantage of available R&D tax credits which could potentially save their businesses hundreds of thousands of pounds a yearWed, 01 Jun 2011 09:41:52 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/forensic-accountant-36-spring-2011.aspxWelcome to the Spring 2011 edition of Forensic Accountant, KPMG's magazinr exploring some of the issues currently impacting the litigation and dispute resolution landscape.Tue, 14 Feb 2012 16:08:49 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/dodd-frank-act.aspxWith as many as 11 federal regulatory agencies required to write nearly 250 new rules during the next year or more, the Dodd-Frank Act will continue to present challenges for financial services firms.Fri, 27 May 2011 13:53:13 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-head-financial-service-saudit.aspxKPMG has appointed Rees Aronson as the new head of financial services audit in the UK. Rees has been a partner with KPMG since 1989 and also sits on the insurance leadership team as head of insurance audit.Thu, 26 May 2011 09:31:23 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/financial-services-disputes-dam-burst.aspxUK law firms have seen an increase in financial services disputes since August 2007, but the expected large-scale growth of disputes has yet to materialise in the UK and across the world, finds global KPMG research.Wed, 15 Feb 2012 11:20:15 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/financial-services-disputes-increase.aspxUK law firms have seen an increase in financial services disputes post August 2007, up 33 per cent, according to global KPMG research, however, the expected large-scale growth of disputes has yet to happen both here and across the world.Wed, 19 Oct 2011 08:50:53 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-comments-on-the-proposed-shape-of-the-Prudential-Regulation-Authority.aspxThe FSA and Bank of England today launched a detailed plan about the shape of the Prudential Regulation Authority (PRA). Thu, 19 May 2011 14:31:29 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Basel-Accord’s-Pillar-2.aspxa report published by KPMG finds there is still significant divergence among European regulators in their approaches to implementing the Pillar 2 guidance on capital adequacy.Tue, 24 May 2011 11:11:11 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/rob-curtis-on-evolving-insurance-regulation.aspxRob Curtis on Evolving Insurance Regulation.Tue, 13 Dec 2011 09:06:50 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Omnibus2delaysmakecurrentSolvencyIIdeadlineincreasinglyunrealistic,saysKPMG.aspxOmnibus 2 is a significant milestone for Solvency II and delays to its finalisation are having an unwanted impact on the Solvency II timeline.Fri, 13 Jan 2012 15:14:08 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Phil-Our-Perspective-Current-Issues.aspxWe’re into 2011 now and we’ve seen a real step change in the way that programmes are moving from planning and preparation through to full scale implementation.Fri, 13 Jan 2012 15:12:51 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/SolvencyIIBenchmarkingCommentaryOnResults.aspxPhil Smart on the key findings: “It’s clear from what we’ve seen that both timelines and resources are under tremendous strain, with big demands in terms of meeting the requirements and getting everything done in time...Fri, 13 Jan 2012 15:09:22 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/QIS5resultsshowthatwhiletheinsuranceindustryisingoodshapeoverall,thereisstillmuchworktobedonetomeetSolvencyIIdeadlines.aspxKPMG welcomes yesterday’s publication of the results of QIS 5, the fifth European-wide quantitative impact study on the forthcoming Solvency II rules for the insurance industry. Fri, 13 Jan 2012 15:07:41 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/TechnicalPracticesSurvey2010.aspxNow in its fifth year, our Technical Practices Survey continues to be highly regarded by individuals, companies and indeed other consultancies as a guide to the range of practices adopted in various areas of UK life actuarial work.Mon, 06 Feb 2012 13:56:20 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/TheOutlookforGeneralInsurance.aspxIn the UK we have 32 Partners and over 500 staff dedicated to the insurance market alone.Thu, 21 Feb 2013 15:33:23 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MichaelonPillar2.aspxMichael on Pillar 2Fri, 13 Jan 2012 15:04:05 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/JononDataandSystems.aspxJon on Data and SystemsFri, 01 Jun 2012 13:02:57 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/OmnibusIIInsuranceDirective-MorethanJustaDateChange.aspxOmnibus II marks the next major milestone in the development of Solvency II. This is the vehicle which changes the implementation date of the new insurance regulatory regimeFri, 13 Jan 2012 15:03:34 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/AssetManagementValuationAdvisory.aspxAs the investment management universe grows in size and complexity, banks and investment firms need to meet the challenge of valuing assets that are difficult to value - particularly asset-backed securitiesFri, 13 Jan 2012 15:02:44 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/RDRContacts.aspxRDR ContactsMon, 25 Jun 2012 11:09:39 GMThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/RetailDistributionReviewRDR-MeaningfulModernisation.aspxFollowing the publication of the FSA's consultation paper in June 2009, the core elements of its retail agenda are unchangedMon, 26 Nov 2012 13:11:01 GMT