How can we Reduce our Spend on Solvency II This is a question that is on increasingly on many lips – especially with the news that the plenary vote on the Omnibus II legislation may be further delayed (it had previously been delayed from to the 2nd July, but was further delayed at the end of last week to the 10th September 2012). There are a number of steps that firms can take to reduce the cost of their Solvency II projects, and whilst many are specific to the individual organisations, one generic approach is to start the transition from “project mode” into “business as usual” as quickly as possible.