ABI

A move to industry guidance confirmation is not an attempt by the Financial Services Authority to outsource rule-making to trade associations, claims Dan Waters, asset management sector leader at the FSA.

Norwich Union has adopted the Association of British Insurers' best practice definitions for critical illness (CI) cover and increased the maximum term on protection policies with reviewable CI.

This might sound like a bit of a rant - but after losing any opportunity I thought I had to become a future shareholder at Liverpool Football Club now's as good a time as any.

Law firm CMS Cameron McKenna is holding a seminar on payment protection insurance, with advice on mitigating risks and handling complaints effectively.

The Financial Services Authority must not be allowed to place pressure on organisations to produce industry guidance as a substitute for regulation, the Association of British Insurers has warned.

HMRC has confirmed medical reports requested by insurers for protection applications will remain exempt from VAT, saving insurers and consumers approximately £100m a year.

The FSA's suggestion advisers must question providers over unclear product information could limit consumers' access to independent, whole-of-market advice, warns the Association of IFAs.

Progress from Royal Liver is calling for further clarification on pension term assurance, warning several outstanding issues remain around tax relief following the Pre-Budget Report.

MiFID Connect, a joint project designed to simplify implementation of the Markets in Financial Instruments Directive, has published a set of draft MiFID guidelines for firms.

Insurance industry executives believe the savings environment in Britain has improved over the last six months, but there is concern economic and fiscal policies are deterring people from saving.