Abi

The Association of British Insurers (ABI) 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. ABI has argued that the change

The Financial Conduct Authority (FCA) has said that the home and motor insurance markets require significant reform, as it today set out proposals to tackle concerns about general insurance pricing.

Trade credit insurers have helped UK firms cope with a record level of bad debts, according to the latest figures released by ABI. ABI has found that the value of the average claim made has jumped up by over 200%, to just over £67,000, influenced by the collapse of Thomas Cook.