The Association of British Insurers (ABI) has announced plans for a fresh approach to the savings and life insurance markets after declaring it was "devoting too much of its time" to historic issues.
The 250-member body said it would be splitting its committee structure so it was composed of a "forward facing" long-term savings committee and a new 'legacy' committee. The changes are part of a wider modernisation programme unveiled in detail at the ABI's biennial conference in London on 3 November, which include plans to move from its "very expensive and rather musty" Gresham Street headquarters to 1 America Square in a bid to lower costs for members. ABI chairman Paul Evans said: "A year ago it became evident that the long term savings and life insurance committee was devoting too...
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