Daily Global-Macro Brief LIVE

Companies 1

  • 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

Other 1

  • 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