ABI

Bronek Masojada, the chief executive of Hiscox has called for a separate trade body to represent the interests of general insurance from those of the life and savings sector.

Advisers will always be core to Legal & General's (L&G) business but the restricted space is where it expects large future growth, according to the group's executive director for savings.

Protection is unlikely to join the national employment savings trust (NEST) project following a meeting between Government representatives and counterparts from the group risk industry.

Friends Provident is adding mastectomy cover and five new ABI+ conditions to its critical illness (CI) product.

The Confederation of British Industry will back proposals to adopt an annual allowance in its response to the Treasury consultation on higher rate tax relief.

Consumers and not pension providers are to blame for the lack of take-up of the Open Market Option (OMO), claims The Annuity Bureau.

The coalition government has issued an ultimatum to the Association of British Insurers over its opposition to the open market option, RP understands.

The ABI is highlighting the need for clients to fully disclose their medical history when taking out protection and health insurance.

Advisers are being discouraged from charging separately for advising and arranging in a bid to avoid confusion over VAT, as it will lead to higher costs for consumers.

ABI acting director general Maggie Craig says the Government must rethink the way it calculates employer contributions to NEST.