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.... . James Bridge, assistant director at the Association of British Insurers (ABI), says the changes should encourage more people to shop around, but warns that getting cheap cover is not everything: “Always remember to choose the cover that meets your needs, and do not simply buy on price alone. ... [Read full article on Daily Express ]
Sunday 26th of March 2017 12:01:00 AM
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Latest Finance News related to Association Of British Insurers

Taking the easy option with car insurance renewal can be costly image
Source : Daily Express [Read Article] Sunday 26th of March 2017 12:01:00 AM
.... . James Bridge, assistant director at the Association of British Insurers (ABI), says the changes should encourage more people to shop around, but warns that getting cheap cover is not everything: “Always remember to choose the cover that meets your needs, and do not simply buy on price alone. ...
NHS trust triples injury payout to £9.3m under controversial new rules image
....2bn a year to meet the expected costs to the public sector – and it would push up car insurance premiums by about 10%. The Association of British Insurers said it was “crazy” that up to 36m insurance policies could be affected in what it alleged would be “over-compensating” a few thousand claimants a year. ...
Car insurance prices set to jump by up to £1,000 from TODAY image
Source : Daily Express [Read Article] Monday 20th of March 2017 03:02:00 PM
....75 per cent. Insurers have confirmed that premiums are going up following the Lord Chancellor Elizabeth Truss’ decision to change rates, which was previously labelled as "crazy" and "reckless" by the trade group the Association of British Insurers (ABI). ...
MPs debate £1,200 cap on insurance costs for young drivers image
Source : BBC [Read Article] Monday 20th of March 2017 12:01:54 PM
....Accountancy firm PwC has estimated that the average cost of car insurance could rise by between £50 and £75 a year as a result of the changes to injury compensation rules, with young people having to pay up to £1,000 extra. The Association of British Insurers (ABI) warned that premiums would begin to rise from Monday, with two further waves of increases expected in July 2017 and January 2018. ...
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
....”. The government was also criticised by the Association of British Insurers for a self-inflicted near-£6bn hit to its finances as a result of the increased bill faced by the NHS and other parts of the public sector due to changes to the way compensation awards for botched operations and other errors are calculated. ...
Government finances face near-£6bn hit over changes to personal injury payouts image
....”. The Association of British Insurers, which wants an overhaul of the system, described the costs as extraordinary. ...
Young drivers to bear the brunt as car insurance costs continue to rise image
....”. The Association of British Insurers (ABI) has described the change to the discount rate as a “crazy decision” and agrees with the estimates of potential four-figure increases. ...
Scam warning: How investment fraudsters are adopting THESE tactics to target over-55s image
....HM Treasury and the Department for Work and Pensions recently set out proposals to tackle the growing number of pension scams, such as a ban on pension cold-calling and making it harder to set up fraudulent schemes. Yvonne Braun, director of long-term savings and protection policy at the Association of British Insurers, said the Government needs to ensure that consumers are fully protected from the cowboys: “Banning cold-calling should help, but we need to make sure coldcalls are not just replaced by a deluge of spam emails and texts instead. ...
Car insurance: Chancellor moves to ease insurers' fears image
Source : BBC [Read Article] Tuesday 28th of February 2017 09:11:23 PM
....Mr Hammond met chief executives and other senior executives from 15 major insurance firms, including Aviva, Direct Line and Admiral. Ahead of the meeting, the Association of British Insurers (ABI) said it would urge the chancellor to block the new formula before it kicks in on 20 March. ...
Theresa May must block London Stock Exchange bids until after Brexit | Nils Pratley image
.... She should make it crystal clear that bids for the LSE are not welcome, at least until the post-Brexit financial landscape can be mapped. The Association of British Insurers thinks the lord chancellor has made a “crazy” decision. ...
The 'crazy' new car insurance rules set to cost YOU £1,000 in changes  image
Source : Daily Express [Read Article] Monday 27th of February 2017 02:08:00 PM
. Elizabeth Truss' decision to change rates used to calculate payouts has been labelled "crazy" and "reckless" by the trade group the Association of British Insurers (ABI). ...
Insurers shocked by reform to compensation payouts image
Source : BBC [Read Article] Monday 27th of February 2017 12:39:36 PM
...."I recognise the impacts this decision will have on the insurance industry," Liz Truss said. The Association of British Insurers (ABI) said the government's approach was not good enough and demanded an immediate change in the law to abolish the current formula. ...
NHS faces £1bn annual bill after 'reckless' change to injury payouts image
Source : Guardian [Read Article] Monday 27th of February 2017 10:45:09 AM
.... The NHSLA said that in 2015-16, of payouts of £100,000 or less, where no-win, no-fee cases are common, 55% of all the compensation went to the hands of solicitors. The Association of British Insurers said the rate cut was “reckless in the extreme”. ...
Insurance premiums 'set to soar' after compensation changes image
Source : BBC [Read Article] Monday 27th of February 2017 09:21:10 AM
....A new formula for calculating compensation payments for those who suffer long-term injuries has been announced by the Ministry of Justice. But the Association of British Insurers (ABI) called the decision "crazy". ...
Self-driving cars must be covered by insurance, says UK bill image
Source : BBC [Read Article] Wednesday 22nd of February 2017 04:26:42 PM
....The suggestions have been welcomed by the insurance industry. "It demonstrates the government's clear commitment to moving forward when it comes to automated vehicles," said Ben Howarth, senior policy adviser at the Association of British Insurers. ...
REVEALED: Britons spend THIS much on their cars every year image
Source : Daily Express [Read Article] Wednesday 15th of February 2017 07:38:00 AM
.... Car owners now face a continuing acceleration in motor insurance premiums which rose by 9. 3 per cent last year, more than five times the rate of inflation, according to latest figures from the Association of British Insurers. ...
Car insurance premiums at highest level ever, say insurers image
Source : Guardian [Read Article] Friday 3rd of February 2017 12:01:44 AM
. Car insurance premiums have hit their highest recorded levels ever and rose at more than five times the rate of inflation during 2016, according to the Association of British Insurers. ...
TRUMP TRAVEL BAN: Insurer pledges to pay for customers hit  image
Source : Daily Express [Read Article] Monday 30th of January 2017 12:32:00 PM
....It's not clear if other insurers will also extend cover for customers hit by the ban. A spokesperson for the Association of British Insurers said: “UK travellers disrupted by the changes to rules on entry to the US should first speak to their airline or tour operator to help them out with replacement flights or changes to their destination. ...
Men 'pay £101 more' for car insurance than women image
Source : BBC [Read Article] Friday 13th of January 2017 12:00:47 AM
....In general, the typical comprehensive car insurance premium stood at £767, rising by 14% - or £95 - in a year, it said. James Dalton, director of general insurance policy at the Association of British Insurers (ABI), said: "Motor insurance remains a highly competitive market, with motorists shopping around for the best deals. ...
STORM CONOR WARNING - Prepare your home for severe UK weather image
Source : Daily Express [Read Article] Wednesday 28th of December 2016 07:31:00 AM
. Mark Shepherd, head of property at the Association of British Insurers, said a few simple steps could help minimise damage to your property: “We are now into storm season and Storm Conor is unlikely to be the last to hit the UK this winter. ...
Urgent Brexit deal needed to avert banking job losses, peers to warn image
Source : Guardian [Read Article] Tuesday 13th of December 2016 06:06:17 PM
....Much of the evidence from financial firms heard by the Lords committee called for the certainty of transitional trading arrangements between the UK and EU to allow complex negotiations be carried out. The Association of British Insurers told peers that an early agreement on a transitional phase was needed since this would “provide the option for the firms most affected by Brexit not to take swift decisions in 2017 on scaling back”. ...
Motorists at risk from log book delays image
Source : BBC [Read Article] Wednesday 7th of December 2016 01:41:00 PM
...."They could have to pay the claim out of their own pocket eventually," he said. The Association of British Insurers told You and Yours it was not aware of any cases where this had happened, but added that drivers should inform motor insurers if they are not the registered keeper. ...
Hammond and Davis meet bank chiefs to talk Brexit 'opportunities' image
Source : Guardian [Read Article] Monday 5th of December 2016 03:42:06 PM
....”. A spokesman for the Association of British Insurers, which was one of the attendees, said: “This meeting was an important opportunity to feed into the government’s Brexit strategy to ensure that the industry continues to be a competitive, innovative marketplace. ...
Is Insurance Premium Tax really the sneakiest of scare taxes? image
Source : Daily Express [Read Article] Sunday 27th of November 2016 12:00:00 AM
....The tax is paid by insurers, but the cost is added to an incredible 25 million car and 20 million household insurance policies, as well as three million pet insurance plans and another three million PMI policies. This will hit almost every UK adult in the pocket in a move that Huw Evans, director-general of the Association of British Insurers (ABI) called “a hammer blow for the hard-pressed”. ...
Insurers must display rival pension annuities image
Source : BBC [Read Article] Friday 25th of November 2016 12:06:11 PM
....". Rob Yuille, head of retirement policy at the Association of British Insurers, which represents providers, said: "Customers should have the information they need to make the right decision for them. ...
Autumn Statement 2016: 'Hammer blow' bill rise for struggling families image
Source : Daily Express [Read Article] Wednesday 23rd of November 2016 04:45:00 PM
.... The tax hike is the third increase of IPT since the Summer Budget in 2015, doubling the levy in less than 18 months. The most recent increases have already added around £25 to the cost of car cover and and almost £20 to the cost of home insurance, according to the Association of British Insurers(ABI). ...
Insurance premium tax is increased again in autumn statement image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 03:26:50 PM
....Announcing the extra 2% increase, the chancellor, Philip Hammond, said IPT rates in the UK remained some of the lowest in Europe and that money was needed to pay for the government’s infrastructure plans. But the Association of British Insurers (ABI) described the increase as a “hammer blow for the hard-pressed”. ...
Whiplash plans to 'cut car insurance premiums by £40' image
Source : BBC [Read Article] Thursday 17th of November 2016 12:02:37 AM
....Other proposed measures include:. The Association of British Insurers (ABI) welcomed the consultation, saying the proposals would "give honest motorists a better deal". ...
When the wrong postcode puts insurance out of your reach image
Source : Guardian [Read Article] Sunday 30th of October 2016 06:01:01 AM
.... Around one in six homes in England and Wales are in danger of flooding, with last winter’s storms Desmond, Eva and Frank costing insurers £1. 3bn in total - an average of £50,000 per home, according to the Association of British Insurers. ...
Sharp rise for house insurance premiums with prices set to soar even FURTHER image
Source : Daily Express [Read Article] Thursday 27th of October 2016 12:01:00 AM
....But the AA - which estimates the recent IPT increases have added around £18 to the average car insurance premium over the past year - has urged Chancellor Philip Hammond not to impose any further hikes in the Autumn Statement. Huw Evans, director general of the Association of British Insurers, said: "Insuring your home or business, your health and your possessions is the wise thing to do, taking responsibility for protecting yourself from some of the unexpected events in life. ...
Government right to shelve annuity sales, says industry image
Source : BBC [Read Article] Tuesday 18th of October 2016 04:14:01 PM
....Despite deciding last December that the plan would go ahead next April, the government has now changed its mind. The Association of British Insurers (ABI) said it was the "right decision". ...
Pensions: Compensation for those mis-sold annuities image
Source : BBC [Read Article] Friday 14th of October 2016 09:39:44 AM
....". Yvonne Braun, from the Association of British Insurers, said: "The industry has been focused on improving people's experiences of making retirement choices in recent years. ...
Basic flood protection 'missing in high risk areas' image
Source : BBC [Read Article] Tuesday 11th of October 2016 12:04:49 AM
....Hundreds of thousands of householders in flood risk areas have failed to install basic protection against rising waters, insurers say. The Association of British Insurers said even buildings guarded by flood defences should have flood-proof doors in case embankments are over-topped. ...
Five-minute guide to getting covered for bad weather image
Source : Daily Express [Read Article] Sunday 2nd of October 2016 03:36:00 PM
....4 million homes are vulnerable to river and coastal flooding and an additional 3 million could face surface water flooding. Yet fewer than one in three owners researched flood risk before buying their current home, according to the Association of British Insurers (ABI). ...
Plans for 'flood risk' symbols on homes prove controversial image
Source : BBC [Read Article] Wednesday 28th of September 2016 11:04:24 PM
....The insurance industry has published three "flood risk" symbols it would like estate agents in England and Wales to put on their property particulars. The Association of British Insurers (ABI) is proposing traffic light symbols in red, amber and green, to warn buyers about the flood dangers. ...
Insurers detect 2,500 fraudulent claims a week image
Source : BBC [Read Article] Tuesday 13th of September 2016 12:03:38 AM
....The number of fraudulent insurance claims rose to 2,500 a week last year, according to industry figures. In total there were 130,000 fraudulent claims, up 6% on 2014, the Association of British Insurers (ABI) said. ...
Tax warning over unlocked pensions image
Source : BBC [Read Article] Wednesday 24th of August 2016 10:59:07 PM
....". Earlier in the month, the Association of British Insurers - which represents many pension companies, said that a minority of those aged 55 and over were withdrawing too much from their pension pots. ...
Some taking 'too much' from pension pots, ABI warns image
Source : BBC [Read Article] Sunday 14th of August 2016 11:01:15 PM
....A minority of those aged 55 and over are withdrawing too much from their pension pots, the industry has warned. However, after the first full year since pension freedoms began, the Association of British Insurers (ABI) said most people were being sensible. ...
Getting ill abroad can cost as much as A HOUSE  image
Source : Daily Express [Read Article] Thursday 11th of August 2016 03:54:00 PM
. More than 3,000 travellers every week turn to their insurer after needing need emergency medical help abroad, according to the Association of British Insurers (ABI). ...
Millions of Britons paying ‘ethnic minority penalty’ for car insurance image
Source : Guardian [Read Article] Wednesday 10th of August 2016 05:01:03 AM
.... It concluded that the way insurers calculated their premiums “has definitely produced an inequality of outcome to the detriment of BME [black and minority ethnic] groups”. The report prompted an angry reaction from the insurance industry, with the main trade body, the Association of British Insurers (ABI), saying it “makes serious accusations using a flawed analysis” and was compiled “by people with no understanding of how car insurers price their policies”. ...

Lied on an insurance claim? Your insurer may be forced to pay up regardless, court rules
 image
....”. James Dalton, of the Association of British Insurers, described the decision as a "blow for honest customers". ...
Collateral lies need not invalidate insurance claims, court rules image
Source : Guardian [Read Article] Wednesday 20th of July 2016 02:59:02 PM
....”. The Association of British Insurers said it would study the implications of the judgment. ...
Collapse of Low Cost Travel Group proves protection can be priceless image
Source : Daily Express [Read Article] Wednesday 20th of July 2016 12:20:00 PM
.... . The Association of British Insurers suggests contacting the company’s administrators Smith & Williamson LLP at lowcosttravelspain@smith. ...
'Collateral' lies need not spoil insurance claims, rules Supreme Court image
....The judgement suggests that someone who puts in an insurance claim for a stolen computer worth £1,000 - but who fabricates a receipt for that amount - would still have a valid claim. The Association of British Insurers (ABI) said it was looking at the judgement carefully, and warned that policies could become more expensive as a result. ...
Travel firms reassure holidaymakers heading to Turkey image
Source : Guardian [Read Article] Monday 18th of July 2016 02:19:32 PM
....”. The Association of British Insurers has said that those booked to travel to Turkey should contact their tour operator, travel agent or airline for advice. ...
Insurance cheats discover social media is the real pain in the neck image
Source : Guardian [Read Article] Monday 18th of July 2016 06:00:03 AM
....”. What insurers are looking for is a kink in a suspicious story, according to Mark Allen, the manager for fraud and financial crimes at the Association of British Insurers. ...
Five-minute guide to: what to do if you fall ill overseas image
Source : Daily Express [Read Article] Sunday 17th of July 2016 03:07:00 PM
....GET COVERED. Last year, insurers paid out nearly £1million a day to around 500,000 Britons who needed help overseas, according to the Association of British Insurers (ABI). ...
Pokemon Go users at risk of THEFT, warn insurers image
Source : Daily Express [Read Article] Friday 15th of July 2016 11:08:00 AM
....The craze, which has swept across Britain after the game was released this week, prompts players to hunt and catch Pokemon characters on the streets and in their everyday lives through their phone. But users could put their safety at risk while absorbed in the game, said the Association of British Insurers (ABI). ...
10 ways Brexit could affect your finances  image
Source : Daily Express [Read Article] Wednesday 29th of June 2016 01:15:00 PM
....Getting a good deal on your currency using an online foreign exchange service such as Asda, ICE, FairFX, M&S, Post Office, Tesco and Travelex could offset any losses from the weaker pound. If heading overseas your travel insurance policy will cover you exactly as it did before, according to Malcolm Tarling, spokesman at the Association of British Insurers. ...
Five-minute guide to avoiding disaster on your holidays image
Source : Daily Express [Read Article] Sunday 19th of June 2016 12:01:00 AM
....The danger with leaving it so late is that you do not benefit from cancellation cover, a vital benefit that accounts for more than one in three claims, with an average value of around £700. This is second only to the average medical costs claim of £900, according to figures from the Association of British Insurers. ...
Ridesharing offers a cut-price ticket to Europe, but not many Britons use it image
....Under BlaBlaCar charging, the number of seats drivers can offer and the fees they can charge are limited so that a profit cannot be made by the driver. All motor insurers within the Association of British Insurers have agreed that cover will not be affected as long as the fees contribute towards the running costs and no profit is made. ...
Working till you drop: Five-minute guide to the chaining face of retirement image
....”. Yet the average pension pot is well short of that at just £43,300, according to the Association of British Insurers. ...
Avoid pet cat-astrophe: Five minute guide to making successful vet bill claims image
....----------------------------------------------. Mark Shepherd, general insurance manager at the Association of British Insurers, says the research fails to reflect the record amounts being paid out by pet insurers, with £1. ...
Pension exit charges to be capped at 1% under FCA proposals image
Source : Guardian [Read Article] Thursday 26th of May 2016 07:57:00 AM
.... The DWP is conducting its own consultation. The industry body, the Association of British Insurers (ABI), said more than eight out of 10 customers do not have to pay early exit charges to access their pensions. ...
Could new driverless cars slash insurance premiums? image
Source : Daily Express [Read Article] Sunday 22nd of May 2016 12:01:00 AM
....By eliminating human error, automated cars could slash death rates on the roads, with insurers saying they could do even more to save lives than the invention of the seatbelt. James Dalton, director of general insurance policy at the Association of British Insurers, says driverless cars will trigger a “safety revolution” and drive cost savings. ...
Smart cars: how technology is putting the brakes on insurance premiums image
....Consultancy Ptolemus estimates that fully autonomous cars could lead to an 80% reduction in claims, provided drivers stick to autonomous mode. What this could result in, according to the Association of British Insurers, is an overhaul in car insurance. ...
One in four travellers don’t bother taking out insurance, research shows image
....The figures have emerged from a study by York-based healthcare provider Benenden of 1,000 people, which shows that one in 10 have previously needed hospital treatment when abroad. Figures from the Association of British Insurers (ABI) reveal that travel insurers paid out £370m in 591,000 claims last year. ...
Expensive car owners will rush to buy self-driving cars, says Volvo chief image
.... Samuelsson expects drivers to switch to autopilot when appropriate – for example, when they drive on the motorway. James Dalton, head of the Association of British Insurers, said drivers would still have to be fully qualified, competent and sober. ...
Expensive car owners will rush to buy self-driving cars, says Volvo chief image
.... Samuelsson expects drivers to switch to autopilot when appropriate – for example, when they drive on the motorway. James Dalton, head of the Association of British Insurers, said drivers would still have to be fully qualified, competent and sober. ...
Endsleigh won’t refund our insurance policy despite a warning not to travel image
....Given that you booked before the Zika virus was common knowledge, and before you knew you were pregnant, its stance seems unreasonable – and unusual. The Association of British Insurers says most insurers will consider a refund if you have a letter from a doctor. ...
Endsleigh won’t refund our insurance policy despite a warning not to travel image
....Given that you booked before the Zika virus was common knowledge, and before you knew you were pregnant, its stance seems unreasonable – and unusual. The Association of British Insurers says most insurers will consider a refund if you have a letter from a doctor. ...
Driverless cars to dent insurance industry, warns Volvo chief image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 05:00:46 AM
....“Such advances in technology prove the fourth industrial revolution is just around the corner and our determination to be at the forefront is why we are attracting top names from across the globe for real-world testing,” he said. However, the Association of British Insurers warned drivers not to get complacent about driving safely before the technology was fully developed. ...
Shareholder Spring II: bosses prepare for AGM pay revolts image
Source : Guardian [Read Article] Saturday 30th of April 2016 03:00:28 PM
.... He pointed out that shareholder action tends to come in waves, and hopes this year’s will have a lasting impact. Peter Montagnon, a key figure at the Association of British Insurers at the time of the Glaxo revolt who is now at the Institute of Business Ethics, agreed: “It’s possible that this time will be different because of public awareness of inequality, and recognition that the system is pretty well broken. ...
Travellers warned to vaccinate or risk invalidating insurance image
Source : Daily Express [Read Article] Wednesday 20th of April 2016 12:00:00 PM
.... This year, almost one in five British holidaymakers are planning to travel to a country they’ve never been to before, according to ABTA. A spokesman for the Association of British Insurers said he had not known any disputes over insurance payouts and vaccination. ...
How we helped a family win the £400,000 Royal London refused to pay image
Source : Guardian [Read Article] Saturday 16th of April 2016 06:00:10 AM
....In a statement Royal London said: “During our assessment of Miss Hinchliffe’s claim we became aware of significant non-disclosure of medical information by [her late father] before his plan started. Using the Association of British Insurers’ guidelines we categorised this non-disclosure as negligent, and a reduced amount was paid. ...
Re flood-risk homes … at last, affordable cover image
Source : Guardian [Read Article] Saturday 9th of April 2016 06:00:08 AM
.... In some cases in will be worth terminating an existing policy and switching to a firm that is signed up if flood cover is not currently offered. James Dalton, general director of the Association of British Insurers, says the benefits of Flood Re will develop over time. ...
Lifeline for flood-risk homeowners: New scheme to stem rising costs of insurance image
Source : Daily Express [Read Article] Wednesday 6th of April 2016 12:01:00 AM
....A new Government-backed scheme called Flood Re, which launched on Monday, should ensure those most at risk can still shop around for affordable cover. Around 350,000 of the worst-hit homes could see their premiums drop by more than a third, with excesses also falling to more reasonable levels under the scheme, a world-first, organised by the Department for Environment, Food & Rural Affairs and the Association of British Insurers (ABI). ...
Flood Re scheme brings affordable insurance to homes in high-risk areas image
....”. James Dalton, general director of the Association of British Insurers, said there was no rush to take action today, as the “benefits of Flood Re will develop over time”. ...
New flood insurance scheme to cut bills image
Source : BBC [Read Article] Sunday 3rd of April 2016 11:39:01 PM
...." . Those who have already taken out household policies are being advised by the Association of British Insurers (ABI) to talk to their providers. ...
WARNING: Millions of dog owners at risk from hundreds of pounds in shock vet bills image
. The average claim for a vet bills was £721 last year, according to the to the Association of British Insurers (ABI). ...
Pet insurance claims hit record image
Source : BBC [Read Article] Tuesday 29th of March 2016 07:55:42 AM
....The number of UK pet owners claiming on insurance policies has reached a new record, with 911,000 claims being made in 2015. The Association of British Insurers (ABI) said the number of claims rose by 9% compared with the previous year. ...
Savers withdraw £6bn from retirement funds after pension reforms image
Source : Guardian [Read Article] Monday 28th of March 2016 03:00:59 PM
.... On top of that, pension firms paid out £2. 9bn in the form of regular sums to provide an income, said the Association of British Insurers. ...
Car insurance and the little-known world of credit hire companies image
Source : Guardian [Read Article] Monday 28th of March 2016 07:00:20 AM
....“They often hire posher cars for a longer period than necessary to maximise their income. It’s an abuse of the system,” says Rob Cummings, manager of general insurance at the Association of British Insurers (ABI). ...
What the Budget means for you image
Source : BBC [Read Article] Wednesday 16th of March 2016 04:14:52 PM
....This was last raised from 6% of an insurance premium to 9. 5% in November - a move that the Association of British Insurers (ABI) says added nearly £13 to the average comprehensive motor insurance policy. ...
A driver had a heart attack and wrote off my parked car – but I’m having to pay image
.... Unless you can show that the other driver had a history of heart problems and should not have been driving (almost impossible), his insurer (the Co-operative) can refuse to pay your claim. This seems absurd given that this must be relatively rare, but Admiral’s stance has been confirmed by the Association of British Insurers. ...
George Osborne set to unveil Pension ISA costing middle Britain's savers thousands image
.... He said: "For a higher earner, it would mean exchanging 40 per cent relief on £40,000 for 20 per cent relief on £10,000; a loss of £14,000, in exchange for a paper promise from a politician which would depend on a future government for its honouring. "A 'pension ISA' could lower savings by around a sixth and create a fiscal deficit of billions a year a year for future generations, according to calculations by the Association of British Insurers (ABI). ...
Probe into six insurers could mean COMPENSATION for pension savers image
Source : Daily Express [Read Article] Thursday 3rd of March 2016 05:27:00 PM
....". Hugh Savill, director of regulation at the Association of British Insurers, said: "This is an important report the findings of which we will study in detail. ...
Insurers face exit fees investigation image
Source : BBC [Read Article] Thursday 3rd of March 2016 10:13:00 AM
....The FCA said it would also work to improve firms' behaviour generally, with plans to reach a voluntary agreement with the industry to capping or removing some charges. Hugh Savill, director of regulation at the Association of British Insurers (ABI), said: "This review raises various issues and we will study it in detail before responding more fully. ...

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