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Health Shield puts final procedures in place to meet capital adequacy regime

Health Shield is putting the final procedures in place to ensure it meets the European Union’s (EU) Solvency II capital adequacy regime.

The company began a comprehensive review of its risk and capital management procedures in 2008. It now intends to introduce those changes 12 months ahead of the EU’s planned implementation date.

According to a survey by PwC, the majority of companies expect Solvency II to fully come into force in 2016. As a result a large proportion have scaled back on activity, with 58 per cent admitting that they would not be ready to submit their first Solvency II quarterly return by 2014.

Health Shield said it was bucking this trend and has developed an extensive range of Solvency II-compliant initiatives, including its own risk and solvency assessment as well as a balanced scorecard to work alongside the risk register.

Alternatively for more information about our Health Cash Plans call us on 01270 588 555.


MS 18Feb CC

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PFS hires Richards as CEO

The Personal Finance Society last week appointed Tenet distribution and development director Keith Richards as its new chief executive. Richards will replace Fay Goddard who announced in November she is retiring after almost five years heading up the trade body. The announcement was made on Thursday last week just hours after it was revealed Richards […]

RBS to offer NewBuy products through brokers

Royal Bank of Scotland is planning to offer NewBuy products through intermediaries for the first time, with experts predicting that NewBuy applications could hit the 10,000 mark in 2013.

Meeks joins the board of Tenet network

Home & Savings Bank chief operating officer Barry Meeks is to join the network Tenet as a non-executive director. Meeks, who joined H&SB in September 2008, will join Tenet later this month and will relinquish his current role. Prior to his time at H&SB, he was chief executive of Pink Home Loans Group. Home & […]


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