ABI

Lawlords are considering a review of insurance contract law to assess whether non-disclosure rules should be tightened in favour of the policyholder and whether the legal onus should be on insurers to "ask questions".

Thousands of intermediaries and hundreds of insurers may have to rewrite their Terms of Business Agreements (TOBAs) because of a lack of clarity from the Financial Services Authority (FSA) over client money rules, a City law firm has warned.

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 .