Blogs
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Launch of the ABI Guide to Action on Nature
04/07/2023
As the trade body for the UK’s insurance and long-term savings sector, we have placed protecting people and planet at the heart of our work. Today we are launching our ‘Guide to Action on Nature' , written in collaboration with Will McDonald, to demystify the topic, building on the wealth of evidence, best practice and tools available. It also identifies drivers for change and next steps for the industry. In his guest blog, Will speaks to how those in our industry can start to address nature and biodiversity.
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Investing in our future: delivering for savers and the economy
20/06/2023
How pension money can spur economic growth has been the topic of much debate recently. It’s an important debate to have as pension money is savers’ money, and this should never be overlooked. Our Director of Policy, Long-Term Savings and Health and Protection, Dr Yvonne Braun, explains that delivering better outcomes for savers should be at the heart of any policy proposals.
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Building safety: work progresses on risk-sharing scheme to reduce costs for leaseholders
12/06/2023
My priority in this role is the same as it was for my predecessor: to find a way to help leaseholders, by which we also refer to owners in Scotland, affected by the building safety crisis with their…
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Time to put dormant assets towards good causes
05/06/2023
The Dormant Assets Scheme has been expanded, opening up the potential for our sector to use its unclaimed funds to contribute to good causes in the UK, with customers still able to reclaim their money indefinitely. Hetty Hughes shares how insurers and pension providers can join the Scheme.
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Economic Crime Plan 2
30/05/2023
Jonathan Purvis, Policy Adviser in our General Insurance team, explains how the ABI has been working in partnership with government to help ensure the success of the UK Economic Crime Plan 2.
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Accessing medical reports: time for change in a digital era
04/05/2023
Will Meredew, our Policy Adviser for Health and Protection, explores how increased use of electronic health reports for insurance can improve processes for customers, GPs and their patients.
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Updates to the ABI’s Guide to Minimum Standards for Critical Illness cover
13/04/2023
The ABI has updated its Guide to Minimum Standards for Critical Illness cover. Health and Protection Policy Adviser Jakob Strandgaard explains what the changes are and what they mean.
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Savings and insurance industry could help more people get the care they want if barriers are addressed
06/04/2023
“Many disabled adults and older people continue to be denied choice and control over their lives”, a recent Lords report found. The Social Care Future inquiry also showed that people…
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Why insurers weathered the gilt yields hike and the liquidity crisis, and the importance of pension engagement
28/03/2023
David Otudeko and Maria Busca set out why insurers weren’t affected by the dramatic increase in UK Government gilt yields last autumn in the same way that Defined Benefit pension schemes were.
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Unpacking the 'Budget for Growth': A Review of the Tax Implications of the Spring Budget 2023
16/03/2023
The Spring Budget revealed exciting new tax policy changes and long-term growth plans, but the elephant in the room remained. The OECD/G20 Pillar Two Framework, despite warnings from the ABI and its members, will be legislated for alongside further a QDMTT and IIR in the Finance Bill 2023. However, there were still big wins for the ABI. Read to find out more.