8575 Life Insurance

Phoenix Group Plc Monitor

Phoenix Group Plc Annual Report 2017
CR Monitor Issue: 
2018/1111
Company covered: 
Phoenix Group Plc
Period End: 
31 December, 2017
Report issued on 20 November 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of an amendment to IAS 7 "Statement of cash flows".
Change
Reclassification of collective investment schemes from Level 2 to Level 1 of the fair value hierarchy.
Change
Extended discussion of accounting estimates and judgements including extended disclosure of critical accounting judgements.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers", , and IFRS 17 “Insurance contracts”.

Aviva plc Monitor

Aviva plc Annual Report 2017
CR Monitor Issue: 
2018/0818
Company covered: 
Aviva plc
Period End: 
31 December, 2017
Report issued on 28 August 2018 covered the following practice issues:
Change
Discussion of key audit matters included in auditors' report.
Pronouncements
Extended disclosure in respect of new standards not yet applicable including information in respect of IFRS 17 "Insurance contracts".
Change
Detailed disclosure in respect of business disposals.
Change
Amounts reclassified in relation to equity and expenses.
Change
Recognition of goodwill impairment.
Change
Alteration of segmental reporting structure to reflect reclassification of Irish business.

Legal & General Group plc Monitor

Legal & General Group plc Annual Report 2017
CR Monitor Issue: 
2018/0717
Company covered: 
Legal & General Group plc
Period End: 
31 December, 2017
Report issued on 24 July 2018 covered the following practice issues:
Change
Detailed disclosure in respect of business classified as discontinued operation.
Pronouncements
Disclosure of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers", IFRS 16 "Leases" and IFRS 17 "Insurance contracts".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Amounts reclassified from cash and cash equivalents to financial investments following an assessment of their maturity.
Change
Segmental reporting information restated following reclassification of business as a discontinued operation.
Change
Reverse repurchase agreements reclassified as financial assets.

Prudential plc Monitor

Prudential plc Annual Report 2016
CR Monitor Issue: 
2017/0912
Company covered: 
Prudential plc
Period End: 
31 December, 2016
Report issued on 26 September 2017 covered the following practice issues:
Pronouncements
Narrative disclosure of impacts of new standards not yet adopted includes IFRS 16 "Leases" and amendments to IFRS 4 "Insurance contracts" and IAS 12 "Income taxes"
Change
Format of statement of financial position altered by exclusion of sub-totals and headings.
Change
Disclosure of critical accounting policies, estimates and judgements enhanced by use of a tabular format.
Change
Provision recognised in respect of sale of annuities following agreement with Financial Conduct Authority.
Change
Disclosure of relationship between tax expense and accounting profit enhanced by inclusion of additional narrative explanation in addition to the presentation of a reconciliation.
Change
Accruals and deferred income included in financial liability contractual maturity analysis.

Aviva plc Monitor

Aviva plc Annual Report 2017
CR Monitor Issue: 
2017/0712
Company covered: 
Aviva plc
Period End: 
31 December, 2016
Report issued on 25 July 2017 covered the following practice issues:
Restatement
Prior period correction recognised in respect of management charge rebates.
Pronouncements
Disclosure as per Solvency II capital adequacy regulation added on adoption.
Change
Enhancement of risk disclosure by inclusion of tabular presentation for risk preferences.
New
Introduction of a table showing principal risk trends.

Standard Life plc Monitor

Standard Life plc Annual Report 2016
CR Monitor Issue: 
2017/0710
Company covered: 
Standard Life plc
Period End: 
31 December, 2016
Report issued on 25 July 2017 covered the following practice issues:
Change
New class of provisions raised in respect of liability linked to enhanced annuities.
Change
Business acquisition results in bargain purchase gain.
Change
Tabular presentation of principal risk factors extended to include two new risks in respect of Investment performance’ and ‘strategic transition and delivery.
Pronouncements
Capital management disclosures enhanced by inclusion of statement of compliance with the Solvency II regulatory regime.

St. James’s Place plc Monitor

St. James’s Place plc Annual Report 2015
CR Monitor Issue: 
2016\0806
Company covered: 
St. James’s Place plc
Period End: 
31 December, 2015
Report issued on 23 August 2016 covered the following practice issues:
Pronouncements
Disclosure as per Solvency II capital adequacy Directive added on adoption.
Change
Disclosure of unobservable inputs used in valuing investment properties added.
Change
Areas of focus added to audit committee report.
Change
New measure of segmental income reviewed by chief operating decision maker.
Change
Expected utilisation or crystallisation dates disclosed for deferred tax assets and liabilities.
Restatement
Lease commitments restated to show total future minimum lease payments.

Pensions - Swiss Life

Period End: 
31 December 2014
Period End Date: 
2014-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
8575 Life Insurance
Auditor: 
PricewaterhouseCoopers

Pensions - Swiss Life

Period End: 
31 December 2014
Period End Date: 
2014-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
8575 Life Insurance
Auditor: 
PricewaterhouseCoopers

Aviva plc Monitor

Aviva plc Annual Report 2014
CR Monitor Issue: 
2015/0502
Company covered: 
Aviva plc
Period End: 
31 December 2014
Report issued on 08 May 2015 covered the following practice issues:
Pronouncements
Clarification of offsetting rules leads to grossing up of comparative assets & liabilities, with no impact on equity.
Change
Expected effects of proposed major acquisition disclosed.
Change
Joint venture and related loans moved from assets held for sale on abandonment of disposal plan.
Pronouncements
Scope exclusions in impending revenue Standard discussed.