ABI

The ABI has called for automatic enrolment by workers into their company pension schemes, with an additional option to opt out, as part of a greater package of reforms to encourage a new savings culture in the UK.

THE GOVERNMENT could boost pension saving by £2.1bn a year if they offered small employers a tax credit to pay for financial advice for workers, insurers will tell work and pensions secretary David Blunkett on Thursday, says the Times .

FINANCIAL TRADE BODIES have backed Tony Blair's claim the Financial Services Authority was "hugely inhibiting of efficient business", says the Daily Telegraph.

The latest quarterly business figures from the Association of British Insurers (ABI) paints a stagnant picture on pensions and long-term savings in the UK.

A host of pension providers believe the impetus for a pension-clearing system is waning, following closer inspection of its feasibility.

Insurers' capital requirements could be cut by up to 50% and still meet new capital adequacy rules, research from Deloitte suggests.

The Association of British Insurers has backed FSA plans to alter variation clauses as its own legal advice suggests the use of current contracts could be challenged by the Financial Ombudsman Service.

Money Box's programme on The Sins of Commission and possible solutions to the public perception of IFA commission generated a plethora of responses market ranging from criticism of the journalistic bias to support for fund manager performance-based...

Yesterday's BBC Money Box programme entitled The Sins of Commission attempted to reignite debate about the way in which financial advisers are remunerated.

The BBC's Money Box will tonight broadcast a programme at 20:02 suggesting commision bias is still a problem across the financial services industry.