Articles
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Public consolidator would be a major and unjustified intervention, warns ABI
18/04/2024
As part of its response to a Department for Work and Pensions (DWP) consultation on changes to Defined Benefit (DB) pension schemes, the Association of British Insurers (ABI) has said a public consolidator must not undermine a competitive and thriving buyout market, which caters to schemes of all sizes.
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Motor insurers pay out record amounts to help keep motorists mobile
06/04/2024
The £9.9bn paid out in 2023 is the highest annual figure since the ABI started collecting the claims data back in 2013
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Record numbers take out Income Protection Insurance
20/03/2024
Our latest figures provide a snapshot of the trends in the UK’s individual protection insurance market
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Unmasked – the Insurance Industry Gets Snippy on IPT
29/02/2024
Now has never been a better time for the Government to reduce Insurance Premium Tax.
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We Unveil 10 Steps the Industry is Taking to Combat the Rising Costs of Motor Cover
27/02/2024
Insurers announce actions to bring down costs after premiums increased 25% in 2023.
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We Respond to the Advice Guidance Boundary Review Policy Paper
26/02/2024
The FCA and the Government have sought reviews on a policy paper containing proposals for closing the advice gap.
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2023 Sets New Post-Pension Freedoms Record for Annuity Sales
16/02/2024
Our data shows a record year of sales for the retirement product – the highest annual value since the introduction of pensions freedoms.
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Lloyds Banking Group’s Chira Barua Joins ABI Board.
07/02/2024
The CEO of Scottish Widows / CEO of Insurance, Pensions and Investments of Lloyds Banking Group, Chirantan (Chira) Barua has joined the Board of the ABI. Meanwhile two committees welcome new…
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The cost of home insurance rises as insurers support customers and battle cost pressures
07/02/2024
In year marked by a succession of storms, our latest Home Insurance Premium Tracker shows the price paid for the average combined buildings and contents policy rose 13% in 2023 to £341.
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Motor Insurance Premiums Continue to Rise as Insurers Battle Costs
31/01/2024
Our latest figures highlight that the average price paid for motor insurance rose by 25% over 2023, as insurers continue to battle rising costs, and provide competitively priced motor insurance.