ABI

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Almost 9,500 income drawdown contracts were written in the second quarter of the year, with the mean pot size dropping to just over £50,000, latest figures from the Association of British Insurers (ABI) show.

The average gap between the best and worst annuity rates is almost 35%, according to analysis of official market figures by Hargreaves Lansdown.

Legal & General (L&G), the country's biggest pension fund manager, has confirmed the end of its Association of British Insurers (ABI) membership.

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Former director of the Association of British Insurers (ABI) Maggie Craig has been appointed as the Financial Conduct Authority's (FCA) interim head of savings, investments and distribution.

Paul Evans, the group CEO of Axa UK, has been nominated to replace outgoing Association of British Insurers (ABI) chairman Tidjane Thiam.

The Institute of Economic Affairs (IEA) has warned that Labour's recently announced plans to extend auto-enrolment to lower earners would "damage businesses" while "failing to help low earners".

Figures showing insurance companies declined fewer than 3,500 of more than 102,000 protection claims last year "shatter the illusion" that providers don't pay, according to stakeholders.