ABI

The Association of British Insurers is having second thoughts about meeting the challenge laid down by the government to come up with an alternative to the National Pension Saving Scheme, IFAonline has learnt.

The ABI's revised Statement of Good Practice on pension maturities is a "step in the right direction" but the commitment to confirm benefits within 14 days does not go far enough, suggest the Aifa.

The Association of British Insurers has published a new Statement of Good Practice on Pension Maturities to help insurers communicate with consumers about what to do when their pension matures and they buy an annuity.

The Association of British Insurers (ABI) is "mustering the troops" in an effort to come up with an industry alternative to the National Pensions Savings Scheme (NPSS), and could be up and running by 2007 if approved.

Public understanding of annuities has improved but more work is needed as the debate around pensions hots up, according to the Association of British Insurers.

The Association of British Insurers has proposed a new compensation process for all personal injury claims under £25,000 to enable claimants to seek compensation without going through a long and costly legal process.

The Association of British Insurers (ABI) and the Association of Independent Financial Advisers (Aifa) have published an updated version of their factsheet on contracting out.

THE AMOUNT of money invested in personal pension plans rose by 6% to £804m in the last quarter of 2005 compared with the same period last year, says the Guardian .

Support has been lent the FSA by the ABI over its work on capital adequacy, following publication of a briefing note over the regime adopted one year ago.

The Association of British Insurers' head of health insurance, Richard Walsh, has received a "Respect and Integrity" award from pinkfinance.com for ending discrimination against gay and bisexual men on life assurance.