Rating and Valuation (S.I., 2009, No. 204)

Is it not the case that the problem for those businesses was not their future liabilities or any objection to the standardisation of the system, but the fact that they did not have the full facts available when they needed them most? That made it very difficult for them to predict the impact of the measure on their business. Is not that the nub of the problem? The measure has been retrospectively applied, and they did not have the information that they needed to prepare themselves.