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LMA Finance Committee – 29 January 2025

The committee reviewed the upcoming LMA Finance Forum agenda. The agenda will cover Solvency UK, reporting simplification and year-end survey results. Lloyd’s confirmed that the upcoming capital briefing will occur later in Q1. The reporting simplification workstreams will include Solvency UK, QMA delta and RRQ/RRA replatforming. CALM provided a brief update on capital model discussions and QMA planning. A tax discussion highlighted ongoing Pillar 2 and Singapore PE allocation complexities. TIG preparations are progressing. The committee also confirmed intention to recruit new volunteers to the Next Gen group and progress joint workstreams on talent development.