News articles
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Stop more confusion for pension savers: ABI calls for simplicity when the Government increases pension access age
14/09/2021
The Association of British Insurers (ABI) is calling for a simpler approach when the Government delivers its planned increase of the age that you can first access your pension from 55 to 57. The proposals set out in a consultation closing today will cause enormous confusion for pension savers navigating the already complicated UK pension system.
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Industry fears customers are still not getting enough support with pension withdrawals
16/06/2021
A new report from the Association of British Insurers (ABI), ‘Future Proofing the Freedoms: Supporting customer decisions about pension withdrawals’, published today found pension industry experts fear that many people are withdrawing from their pension without any advice or guidance.
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Budget 2021: ABI response
03/03/2021
The ABI's response to the Budget 2021.
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Scrap the Money Purchase Annual Allowance to help financial resilience
26/02/2021
The Association of British Insurers is calling for the Money Purchase Annual Allowance (MPAA) to be scrapped in the Budget so pension savers who have had to dip into their retirement savings during the pandemic are not penalised for paying it back when they can.
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Pension Schemes Bill completes parliamentary stages
19/01/2021
Association of British Insurers Director of Policy, Long-Term Savings and Protection, Yvonne Braun comments on the Pension Schemes Bill completing its parliamentary stages.
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ABI reaction to Pensions Dashboard Programme data standards
16/12/2020
Association of British Insurers comment on the publication of the Pensions Dashboard Programme's data standards.
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ABI reacts to the FCA's evaluation of the financial advice market
03/12/2020
The Association of British Insurers reacts to the Financial Conduct Authority's evaluation of the financial advice market.
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ABI responds to The Pension Regulator’s guidance for trustees considering transferring to a superfund
21/10/2020
Today The Pensions Regulator has released guidance for Defined Benefit (DB) Trustees considering transferring their schemes to a DB superfund.
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ABI Comment on Money & Pensions Service Behavioural Trial Results
16/07/2020
The Money and Pensions Service (MaPS) released the results of behavioural trials to explore more effective ways of prompting people who phone their pension provider for retirement information to take Pension Wise guidance.
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Low earners missing out on vital tax relief despite more saving for a pension
23/06/2020
Basic rate taxpayers make up 83.4% of total taxpayers but only receive 26% of the pensions tax relief related to Defined Contribution pension contributions The need to overhaul the UK’s…
