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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Pension providers and schemes join forces to boost the nation's engagement with pensions
05/04/2022
Over 30 million pension savers will be supported by a co-ordinated industry campaign, led by the Association of British Insurers (ABI) and the Pensions and Lifetime Savings Association (PLSA), to boost people’s understanding and engagement with their pensions.
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Interactive pensions dashboards needed to boost pension engagement
19/01/2022
New research by the Association of British Insurers (ABI) has found that pensions dashboards, which will show savers all their pension pots in one place, present a once in a generation opportunity to help people engage with their pension.
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HM Treasury can reassure do-it-yourself investors and pension savers by reforming guidance
29/09/2021
The Association of British Insurers (ABI) is urging the Government to reform regulation around advice and guidance in their review of the wholesale and retail investment market. This will enable do-it-yourself investors and pension savers to get better financial guidance from their provider, so they can be more informed and reassured about their investment decisions.
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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.
