News articles
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Industry identifies solutions to the growing issue of small pots
23/06/2022
An industry group, jointly convened by the Association of British Insurers (ABI) and the Pensions and Lifetime Savings Association (PLSA), has explored various solutions to tackle the issue of small deferred pension pots in the automatic enrolment (AE) workplace pension market, and narrowed them down to three options.
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Automatic enrolment action plan needed for the next decade
21/06/2022
Marking 10 years since the dawn of automatic enrolment, the Association of British Insurers (ABI) is calling on the Government to set out how pension contributions can be increased and the eligibility criteria widened to encourage people to save more over the next 10 years.
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Pensions campaigns combine to boost engagement
14/06/2022
Momentum is building behind the first ever Pensions Engagement Season as the cross-industry group joins forces with this year’s Pensions Awareness Week, as part of the biggest ever drive to…
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Insurance and long-term savings providers making significant progress in setting net zero targets
08/06/2022
The general insurance and long-term savings industry is making significant progress in setting transparent Net Zero targets and joining the UN’s ‘Race To Zero’ campaign according to the ABI’s updated Climate Change Roadmap published at its Climate Change Summit.
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ABI comment on Climate Biennial Exploratory Scenario (CBES) exercise
24/05/2022
Charlotte Clark, ABI Director of Regulation said: “We welcome the publication of the Bank of England’s results from its flagship Climate Biennial Exploratory Scenario (CBES) exercise, which participating insurers have invested significant time and resource into.
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Paw-sitively protected - pet insurers processed a record £2.4 million a day in 2021
24/05/2022
Insurers have continued to help pet owners keep their furry friends healthy, processing a record £872 million in claims for 2021, according to new data from the Association of British Insurers (ABI).
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Payouts for bereavement, illness, and injury claims top £18.6 million a day
21/05/2022
A record £6.8 billion was paid out in individual and group life insurance, income protection and critical illness claims in 2021.
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ABI comment on IFRS 17
17/05/2022
The UK Endorsement Board (UKEB) has announced that it has approved the adoption of the International Accounting Standards Board’s (IASB) IFRS 17 Insurance Contracts for use by UK companies.
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ABI Comment on the Levelling Up and Regeneration Bill
12/05/2022
James Dalton, Director of General Insurance Policy, has commented on behalf of the sector following the introduction to Parliament of a Levelling Up and Regeneration Bill by the Department for Levelling Up, Housing and Communities
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Cost-of-living relief for many UK households as the price of home insurance falls to a record low
12/05/2022
The average price paid by UK households for both their home buildings and contents insurance so far in 2022 fell to record lows according to the ABI’s latest Household Insurance Premium Tracker.
