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ABI sets out action plan to help customers get most from pension freedoms
New ‘customer control’ proposal to empower customers.
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ABI responds to Government announcement of a consultation into exit fees
Huw Evans: 'With so many issues unresolved due to its rushed timetable, it is not surprising that the Government has had to announce this consultation today'.
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Thousands given false hope of compensation pay outs for industrial deafness as claims lawyers look to exploit the new whiplash
The ABI is warning that the UK’s on-going compensation culture is resulting in thousands of people wrongly being led to believe they can get compensation for hearing problems as claimant lawyers and claims management companies shift their attention to lucrative noise induced hearing loss (NIHL) claims.
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Top 10 priorities for the new government in 90 seconds
The insurance and long term savings industry works hard to look after people, businesses and society, providing financial support in old age and times of trouble. The ABI looks forward to working with the new Government in tackling these issues.
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ABI comment on Queens Speech
Huw Evans: 'Over the next five years we need to ensure cross-party support to create a long-term savings culture'.
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Tinkering around the edges will not create flood free homes
The Flood Free Homes campaign, launched by the Association of British Insurers is calling for no home to be at high risk of flooding by 2025.
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Insurers now paying out £1.65m a day to treat the nation’s pets
Pet insurers paid out £602million in claims in 2014 – the equivalent of £1.65m a day and an increase of nearly 15% on the previous year – according to the latest figures from the Association of British Insurers (ABI), published today (4 May 2015).
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Cyber insurance to become a business essential within the next decade
Cyber insurance should become as common a purchase for UK businesses as property insurance within the next 10 years, the Association of British Insurers (ABI) said today.
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Cost of home insurance continues to fall
The cost of home insurance has continued to fall for the first quarter of 2015 with an average combined building and contents policy now costing 79 pence a day - less than the price of a takeaway coffee – the Association of British Insurers (ABI) said today.
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Your retirement, your choice - understanding the new pension freedoms
This Association of British Insurers' (ABI) video aims to help pension customers understand their choices when it comes to making important decisions at retirement, including speaking to the Government's free and impartial Pension Wise service.
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ABI responds to DWP announcement today on pension charges
Otto Thoresen: 'Pension providers are committed to ensuring value for money, transparent pensions – average pension charges have been falling steadily over the last decade and are now at their lowest ever levels'.
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ABI publishes 'UK Insurance Key Facts 2014
Insurers paying out in excess of £450 million every day to UK customers – ABI publishes ‘UK Insurance Key Facts 2014’.
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CMA u-turn on cost of replacement vehicles bad news for consumers
The Competition & Markets Authority’s failure to tackle the excessive charges made by credit hire firms for replacement vehicles is bad news for consumers.
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ABI welcomes appointment of Lord Hill with the European Commission
Paul Evans, Chairman, ABI: 'The news that Britain’s next EU Commissioner, Lord Hill, has been appointed to the new post of Financial Stability, Financial Services and the Capital Markets Union is very welcome'.
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ABI statement on Legal & General's resignation of membership
Otto Thoresen: “As a trade association, of course we are disappointed by the resignation of a member, however the ABI’s continuing strong membership represents over 90% of the insurance sector".
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Travel insurance helps over 4,300 people every week who need medical treatment abroad, yet many holidaymakers still risk travelling without it
New data from the ABI shows that in 2013 over 4,300 holiday makers every week depend on the safety net travel insurance provides in paying for emergency medical treatment.
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Brendan McCafferty to become CEO of Flood Re
Brendan McCafferty has been appointed CEO of Flood Re, after a selection process run by the Flood Re directors and senior representatives from the insurance industry.
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A new deal at renewal - ABI proposal to further improve clarity for customers
The ABI has today written to the FCA to propose an initiative that could further improve clarity for customers when renewing and taking out motor and home insurance.
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Response to Partridge review of HSCIC medical data
The insurance industry fully supports the findings of the HSCIC Partridge review in safeguarding the use of medical data.
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ABI: How will the implementation of Solvency II affect business?
Secure your place today at the ABI Solvency II Conference.
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ABI: Oliver Letwin announced as keynote speaker at ABI Biennial Conference on 9 July
The Rt Hon Oliver Letwin MP the cabinet minister who led negotiations between the Government and the insurance industry on flood insurance will deliver at keynote speech at our Biennial Conference on 9 July. The final speaker line-up is now confirmed.
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ABI: Insurers will remain vigilant
Maggie Craig, Director of Conduct Regulation at the Association of British Insurers said: “Our members support the regulator’s work to deliver good outcomes for consumers and ensure company incentive schemes do not result in customer detriment." Read more.
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ABI: Pump down the volume, slow down and concentrate
Pump down the volume, slow down and concentrate - ABI urges young drivers to “Be safe and be alert” during the bad weather.
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ABI: Pension charges to be made clearer to UK savers
Leading pension brands announce charges disclosure agreement
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ABI launches consultation on annuity rate transparency
The ABI has today launched a consultation on annuity rates transparency to help people approaching retirement get the best pension deal.