- PRA imposed £10.625m fine on UKI Limited for overstating Solvency II balance sheet in 2023-24
- Miscalculation due to weak controls and resourcing gaps in finance/actuarial functions
- Firm received 50% penalty reduction under PRA’s Early Account Scheme for early cooperation
March 11, 2026
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- Public consultation favored 'nature' theme with 60% support for wildlife imagery
- New series to replace historical figures, incorporating anti-counterfeiting security features
- Second consultation planned for summer 2025 to select specific UK wildlife for designs
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