ABI

Industry experts have suggested numerous ways income protection (IP) can be reformed, following a report published by Swiss Re yesterday which states IP needs a radical review to prevent it becoming "a marginal product".

The Association of British Insurers (ABI) argues self-employed people should be automatically enrolled into any new low cost savings scheme such as the National Pension Savings Scheme (NPSS) or its own idea for ‘Partnership Pensions'.

One of the key benefits of Lord Turner's proposed National Pension Savings Scheme (NPSS) is its suitability to everyone means there is no need for the inclusion of regulated advice, claims the ABI.

The Association of British Insurers (ABI) has admitted it is worried about the prospect of a National Pension Savings Scheme (NPSS) or an appropriate alternative not breaking even 30 years.

Any permanent independent standing pensions commission will need to consider carefully its remit and structure is and how much accountability for policy decisions it would have, claims the latest briefing note from The Pensions Policy Institute (PPI)....

A new Statement of Best Practice for critical illness cover, which aims to improve consumer understanding and lower the number of declined claims, has been issued by the Association of British Insurers.

A forum sponsored by the Association of British Insurers and the German Investment and Asset Association (BVI) have published a set of proposals to improve the functioning of the European bond market.

The Department for Work and Pensions has developed proposals for a private sector alternative to the National Pension Savings Scheme (NPSS) which is said to be modelled on those presented by the Association of British Insurers.

Alternative models to a National Pensions Savings Scheme (NPSS) have not convinced the Pensions Commission they would deliver a set of benefits which would justify the extra cost.

A new Protection Committee has been launched to oversee the Association of British Insurers' (ABI) policy development work on critical illness and income protection insurance.