Maggie Craig, Director of Conduct Regulation at the Association of British Insurers said: “Our members support the regulator’s work to deliver good outcomes for consumers and ensure company incentive schemes do not result in customer detriment." Read more.
Pump down the volume, slow down and concentrate - ABI urges young drivers to “Be safe and be alert” during the bad weather.
Leading pension brands announce charges disclosure agreement
The ABI has today launched a consultation on annuity rates transparency to help people approaching retirement get the best pension deal.
ABI response to DWP consultation on removing NEST restrictions
Now in its 17th year, the ABI Financial Media Awards is an important, prestigious and eagerly awaited night in the financial services calendar. The awards attract a wide range of influential commentators from the financial media and the financial services community. All sectors of the financial media are represented, including personal finance, city and business, consumer, insurance trade and broadcast journalists.
Responding to a press release from the Association of Personal Injury Lawyers (APIL) on the tracing of historic employers’ liability insurance policies for workers affected by asbestos related illnesses, James Dalton, the ABI’s Assistant Director or Motor and Liability, said:
Stephen Gay, Director of Life, Savings and Protection at the ABI, said: “Automatic Enrolment is an opportunity not to be missed. It cannot be stressed enough how important it is to save for retirement." Read more here.
Regulation of the UK financial services sector is changing. The Financial Services Bill will establish a new regulator – the Financial Conduct Authority – with an overall objective to make financial services markets work well for consumers. The FCA is expected to be a more intrusive and proactive regulator than the FSA. For example... read more.
ABI Fraud Conference, in Partnership with Ordnance Survey, will provide an opportunity for senior fraud practitioners to come together and discuss key insurance fraud issues including government anti-fraud strategy, regulatory changes, and the perception of insurance fraud as a victimless crime.
Responding to the Government’s announcement that it will develop a ‘pot follows member’ design, Otto Thoresen, Director General, Association of British Insurers said:
Responding to the Labour policy document on pension reform, Otto Thoresen, Director General, Association of British Insurers said:
ABI SII SERIES OF SEMINARS 2012: In Partnership with Wolters Kluwer Financial Services
Collision or Convergence? A New World Order for the International Insurance Market? The collapse or forced bail-outs of a series of large, financial institutions in 2008 threw both markets and governments into turmoil. Now the fate of some European economies threatens even larger ructions.
Responding to the speeches tonight at Mansion House, Otto Thoresen, Director General, ABI, said:
The Future of Long-term Savings & Retirement Income - Automatic Enrolment and Beyond Conference
The Association of British Insurers (ABI) have criticised Ed Balls' comments on pensions.
Association of British Insurers (ABI) response to FSA Fees consultation.
“The first reading of the Financial Services Bill is an important milestone in the move to twin peaks regulation. We are pleased to see that the new conduct regulator’s main focus will be on making sure that financial markets work well. The FCA must promote positive outcomes for consumers, rather than just focus on avoiding negative outcomes.
ABI response to the recommendations made by the Joint Committee on the Draft Financial Services Bill
Regulation must help drive growth not hinder it, the Association of British Insurers said today at a conference to discuss the new pan European set of rules, Solvency II.
Commenting on the National Infrastructure Plan, Otto Thoresen, Director General, Association of British Insurers said:
Today the DWP confirmed during parliamentary questions that small businesses will not have to start automatically enrolling their employees into a pension until the start of the next parliament.
Comment on today’s (9 September) response from the Government to the Transport Select Committee’s report on the cost of motor insurance, from Otto Thoresen, ABI’s Director General.
Commenting on today’s announcement by the Office of Fair Trading (OFT) of a call for evidence into the cost of motor insurance, Otto Thoresen, the ABI’s Director General, said the following.