ABI response to the Work and Pensions Committee report on auto-enrolment.
Shareholder voting rights
Responding to the BIS consultation on enhanced shareholder voting rights, Director General,
Otto Thoresen, ABI, said:
Responding to Ed Ball's comments on higher rate pension tax relief at the Labour press conference today
Otto Thoresen, Director General, Association of British Insurers said:
“Labour’s constant changes to the pensions system while in office did much to undermine savings. Changing higher rate relief rules for the third time in four years as Labour proposes would send the signal to everyone that it is not worth them bothering to save into a pension because the tax rules will always be changing.
“The last Labour Government’s proposed tax relief tapering rules for people earning above £150,000 were scrapped by the incoming government because they were completely unworkable, and replaced with a simpler restriction that raises the same revenues. Attacking the incentive for higher earners to save into their pensions will further limit the insurance industry’s ability to invest in the economic growth and infrastructure which Labour wants to see.”
Drought With many parts of the UK now officially in drought, the ABI issues steps for homeowners to crack down on
subsidence.
Pensions tax relief should stay
The
ABI warns that removal of pensions tax relief would amount to a 'stealth double tax'.
Speaking at the National Flood Forum conference, the ABI reiterates that insurers want to see a sustainable, affordable long term market for flood insurance and calls on the Government to take action view speech view press release
People approaching retirement will receive much greater support to get the best possible retirement income under a compulsory Code of Conduct launched by the Association of British Insurers (ABI).
Why the UK’s legal bill must be reduced
Latest figures from the ABI show that UK motorists are paying £2.4million a day in increased motor insurance premiums, as a result of legal costs involved in settling personal injury claims.
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