ABI

The Personal Accounts Delivery Authority will need the help of the financial services industry to design the generic advice which is "crucial" for personal accounts, claims John Hutton.

Life and pensions new business sales rose by 30% to £3.8bn in the third quarter of 2006, according to figures from the Association of British Insurers.

Just 30% of people think the government will implement its proposals on personal accounts and auto-enrolment, according to a report from the Association of British Insurers.

Key figures in the income protection market have reached a consensus on the issues which must be addressed to improve sales and increase awareness of the product.

I don't think I'll ever get over the sight of Richard Walsh, head of health and protection at the Association of British Insurers, dressed up as Sid Vicious and singing ‘My Way'.

The Liberal Democrats claim the delay in linking the basic state pension to earnings and the issue of "mass means-testing" are some of the problems with the proposed Pensions Bill.

The Association of British Insurers is now considering allowing insurers to change the definitions of certain critical illnesses again as a result of new medical evidence on rare bone marrow disorders.

The majority of protection providers are waiting until the April 2007 deadline before they adopt the Association of British Insurers' new critical illness definitions.

Joint proposals aimed at minimising the administrative burden on insurance groups operating in the EU have been put forward by the Financial Services Authority and the Treasury.

Standard Life declined to pay 14% of critical illness claims in the first half of 2006, according to its latest claims statistics.