ABI

Consumers should be given more information on coming pensions legislation if the government wants to incentivise people to save for their retirement, urges the Association of British Insurers.

Three industry bodies have teamed up and created a working group for insurers and brokers to assist them with the FSA regulation coming into effect in a couple of months' time.

The ABI and FSA have of late made much hay over commitments to transparency.

An improvement in the UK stock market could be partly responsible for a gradual increase in pensions and investment business so far this year, suggests the ABI.

The Association of British Insurers has accused journalists of conducting "financial terrorism", and says the insurance industry has been unfairly blamed for the current lack of confidence in the long-term savings industry.

Figures published by the Association of British Insurers show the overwhelming majority of Brits either totally or partially distrust the government to provide decent pensions policy.

The European Commission should avoid making changes to domestic pension regulation when introducing new cross-border legislation because the market still favours a national approach, warns the ABI.

The Association of British Insurers has called for help from IFAs, consumers, claims assessors and the Financial Ombudsman Service to create a new "user-friendly" reference guide of medical definitions for critical illness policies.

People with smaller pensions should see an improved income when they buy an annuity, if the requirement to buy an indexed DC pension is removed, says the ABI.

Consumer confidence in the UK financial services industry may not be moving as quickly as anticipated, according to new business figures from the Association of British Insurers.