News articles
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ABI responds to FCA launching a market study into pricing in motor and home insurance
31/10/2018
Commenting on today’s confirmation by the Financial Conduct Authority (FCA) that it is launching a market study into pricing practices in the retail motor and home insurance markets, Hugh Savill, the…
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Beat the freeze – ABI urges people to take action to prevent frozen and burst pipes
30/10/2018
After the worst period of burst pipes on record plagued the UK earlier this year, and with the first lot of arctic winds already sweeping across the UK – the Association of British insurers is…
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Budget 2018 – ABI initial response
29/10/2018
Commenting on today’s Budget, Huw Evans, Director General, Association of British Insurers, said: On no further increase in the rate of Insurance Premium Tax “We are pleased that the Chancellor has…
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Insurance Premium Tax rakes in a record £1.35bn for Government in one month
26/10/2018
Industry urges no more increases to the “mother of all stealth taxes” The Government is being urged to freeze Insurance Premium Tax (IPT) at the forthcoming Budget, after HMRC figures revealed that…
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Relief for drivers as average motor insurance premiums continue to drop
25/10/2018
Average motor premium drops for third quarter in a row, to £471 Strong progress of Civil Liability Bill possible cause of the fall Lower costs only sustainable if Government leaves Insurance Premium…
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ABI and Government publish updated Code on Genetic Testing & Insurance
23/10/2018
The Association of British Insurers and Department for Health and Social Care have today launched an updated Code on the use of genetic testing in the insurance market. The Code is the sixth…
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Pensions tax relief – time to end the salami-slicing says the ABI
22/10/2018
Ahead of the Budget, the ABI is calling for an end to the salami-slicing approach to cutting pensions tax relief and says that it is ready to work with government on any longer-term reforms. Since…
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The UK’s lost pension mountain could be worth £20 billion – at least six times higher than previously estimated
17/10/2018
1.6 million lost pensions pots worth nearly £20 billion could remain unclaimed according to latest research. More frequent job changes and home moves are the main reasons why people can lose track…
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What insurance do I need if I get a mortgage?
16/10/2018
Insurance Questions Answered: I’ve had an offer accepted on a house and my mortgage approved – what insurance do I need to buy the property? Your house is likely to be your most expensive…
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ABI comment on PRA climate change consultation
15/10/2018
Insurers are often on the front-line dealing with the results of rising temperatures and extreme weather so have a real stake in addressing climate change, and are well aware they have a role to play in this.