ABI

Otto Thoresen made a career change this week but who else is moving on?

Aegon UK CEO Otto Thoresen has been appointed as director general of the ABI and will take up his new role on April 4.

Defaqto believes the onus is on insurers to make the new ABI critical illness (CI) statement of best practice a success.

Bright Grey and Scottish Provident are remaining defiant and calling government action in the face of the European Court of Justice (ECJ) decision to ban gender based underwriting.

The ABI will today announce plans to scrap its "misleading" managed fund sector names after research showed they were too difficult for consumers to understand.

Allowing access to pension pots before age 55 will worsen the savings crisis and increase bureaucracy, the National Association of Pension Funds (NAPF) says.

The ABI has published its latest update to the critical illness (CI) statement of best practice which it hopes will improve customer understanding of the product.

The IMA has criticised the ABI's proposed changes to its Managed sectors, arguing the suggested names are "opaque" and inconsistent with RDR and TCF principles.

Following on from the introduction of sales guidelines for critical illness, COVER's sister title Mortgage Solutions has asked the industry if advisers need increased guidance in selling protection.

Jonathan Davis, who was announced as the new ABI director of investment affairs in November, has revealed he will not take up the role after all.