Blogs

  • Health and taxation policies need to align if we truly want to build a healthier workforce

    23/07/2021

    Whilst the Health is Everyone’s Business green paper recognises the value of insurance in managing workplace health, it raises questions about HMRC’s approach to the taxation of Group Income Protection policies.

  • Health is everyone's business

    23/07/2021

    The Government has published its response to the Health is Everyone’s Business green paper. Focusing on the link between work and health, the response signals increasing recognition of the value of insurance in minimising the risk of ill-health related job loss through better workplace health. The challenge now is for insurers to demonstrate the role of insurance in supporting health outcomes.

  • Government rethink needed on Online Safety Bill to protect consumers from scammers

    20/07/2021

    Scams proliferated through online advertising have a devastating effect on people, with many victims losing their life savings. The Online Safety Bill presents an opportunity for Government to tackle online advertising and clamp down on this scam threat, and we urge government to heed the advice of the regulator, industry and civil society groups and act to protect customers.

  • Racing climate change: how insurers are picking up speed

    16/07/2021

    Climate change related financial risk is firmly on the agenda and minds of financial firms across the UK as they prepare for the first formal Climate Biennial Exploratory Scenario this year. Getting these things right take proper planning and Board level involvement. However, companies must remember this is a marathon, not a sprint.

  • Change advice rules to help customers choose pension withdrawals

    12/07/2021

    Pension withdrawals are the key remaining challenge in helping people to navigate pension freedoms. Deciding when and how much income to draw from a pension can be complex, and people need far more support than most are currently getting. Changing the advice rules would enable providers to do more to help customers with these choices, building on the example set by investment pathways.

  • Is your data contributing to Global Warming?

    05/07/2021

    Global communication network

    An often-overlooked aspect to firms’ Climate and Sustainability agenda is the serious and significant environmental impact of excessive data storage. The attached blog sets out related considerations and the ways in which the Privacy and Environmental Sustainability agenda can align to support firms’ efforts to reduce their own emissions.

  • Building resilience in a fragile world

    28/06/2021

    Ray Dhirani – Head of Sustainable Finance, WWF-UK

    Shall we invest in projects that get us deeper into the climate crisis? Or in the solutions that could get us out of it? Find out how ABI members can come to the rescue.

  • Pensions Dashboards: Three Ways to Get the UK Saving

    07/06/2021

    In this blog, Capco’s Sanjiva Perera and Jamie Saunders share how pensions providers can use upcoming Pensions Dashboard demands to strengthen their competitive advantage while incentivising UK savers to engage with their finances and accrue healthier pension pots in three key - digital - ways.

  • Consumer protection need not hold up pension transfers

    03/06/2021

    Two well intentioned consultations from DWP and the FCA have widespread support, tackling the crucial issues of scams and uptake of guidance. But as they are progressed they should avoid making regular pension transfers clunkier and slower.

  • The Official Injury Claims Portal is a big win for consumers

    01/06/2021

    Our Director of General Insurance Policy, James Dalton, explains how the launch of the Official Injury Claims Portal is a big win for consumers, giving them a free, independent service to claim compensation for certain road traffic injuries without the need for legal help.