The Association of British Insurers (ABI) said:
“The ABI welcomes the Chancellor’s statement this afternoon on the future of Financial services. The Government is right to take an open approach to the EU and not use equivalence decisions as a negotiating tactic. We also welcome the announcement of the first UK Sovereign Green Bond and the move towards a comprehensive approach on TCFD disclosure requirements. Both are vital steps towards Net-Zero progress where the insurance & long-term savings sector has a key role to play in decarbonising our economy. Seizing the opportunities available to reform and improve Solvency II will be the next important step to building on the ambitions in today’s statement.”