British International Movers

Solvency II DB pension fund shock

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

Confederation of British Industry (CBI) director general, John Cridland, has hit out at proposed Solvency II capital requirements, calling them a two-in one hit from “Laboratoire Barnier”, in a reference to EU Commission, Michel Barnier. Speaking at the CBI's annual dinner in London last night, Mr Cridland claimed that the major impact of Solvency II on insurance companies would be accompanied by a second hit for defined benefit (DB) pension funds. Under Solvency II proposals,... Read more

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BIBA embraces ?Shaping our Futures' theme

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

The British Insurance Brokers' Association (BIBA) has embraced “Shaping our Futures” as its 2012 conference and exhibition theme. The title reflects BIBA's role in picking up the issues affecting brokers and taking the lead in driving through change in the insurance industry, with the support of its members. A busy year ahead then, as economic uncertainty, the impact of future regulatory conditions, developments in technology and other changing risks confront the... Read more

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Slow progress on boardroom diversity

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

A recent call by the Association of British Insurers for more women on the boards of the UK listed companies in which its members invest looks likely to fall on deaf ears. Lord Davies’ review into women on boards was published in February but according to new research from Cranfield Business School, only 33 FTSE 100 companies have since heeded its recommendation and set targets for the number of women they aim to have on their boards. Of these 33, only ten have set themselves targets... Read more

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Ageas announces Vauxhall/Chevrolet partnerships

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

Ageas (Insurance UK) has announced that it has launched a new insurance partnership with Vauxhall whereby the firm will provide fully branded motor insurance products to Vauxhall’s British customers. The deal, which is set for a five year term, will see Ageas assume responsibility for managing Vauxhall’s customer sales, service administration and claims service and will create further growth at the insurer’s Stoke-on-Trent office. Ageas Retail MD Andy Watson expressed the... Read more

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One-fifth of Brits holiday abroad uninsured

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

One in five British holidaymakers are crossing borders uninsured and running the risk of sky-high medical bills. According to the 2011 ABTA Consumer Trends survey, 21% of Brits abroad with no insurance believe that the UK Government will cover their bills in the event of a mishap, with one in four 15 to 24-year-olds suffering from this particular illusion. Seventeen per cent of respondents relied solely on a European Health Insurance Card when travelling in Europe, despite the card providing... Read more

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British firms failing to adopt key staff protection

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

Scottish Widows has conducted new research which reveals that UK businesses are adopting an overly passive attitude to the protection of their staff. More than three-quarters of businesses (77%) stated that should one (or more) individual(s) fall ill or die their loss would have a dramatic impact upon the firm’s success. The Scottish Widows Business Protection Report surveyed more than 500 British businesses, but just 13% had insurance protection to cover themselves against the... Read more

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Life and general job losses expected

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

With the pace of growth in UK financial services continuing to slow in the three months to September, the latest survey from the Confederation of British Industry (CBI) and PricewaterhouseCoopers (PwC) has the following to say about the insurance industry: Life insurance volumes increased for the seventh consecutive quarter, although the level of business was considered to be below normal. Average operating costs per transaction fell for the eighth consecutive quarter, and at a much stronger... Read more

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ABI tackles boardroom ?fat cats'

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

Insurers have given UK company boards “the clearest indication yet” of how executive pay should correlate with effective performance, in a blast from the Association of British Insurers (ABI). ABI members are major investors in UK businesses and the Association’s first report on Board Effectiveness along with its revised Principles of Remuneration set out key issues in making a board effective. These include: board diversity ? including women in the boardroom; succession... Read more

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ABI bans annuity ?roll over' forms

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

The UK’s annuity market has received a wake up call from the Association of British Insurers (ABI), which wants more pre-retirees to shop around before investing their pension pots. The Association is about to introduce a compulsory code of practice for insurers, requiring them to remove the annuity application forms that accompany the packs sent out to pension customers in the run up to retirement. With no form to hand, confused or lazy consumers should be less tempted to “roll... Read more

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ABI to make boardroom demands

From Insurance Daily , 7 month ago, Read 0 times. Similar articles

The Association of British Insurers (ABI) is about to take up the cause of gender equality in the board room and wants firms to have clearer strategies for evaluating directors and recruiting key executives, The Financial Times reports. With ABI members among the leading investors in the FTSE 100, the move would follow calls for institutional investors to take a more active role in monitoring corporate governance at companies in which they hold a stake, given the failings that led to the credit... Read more

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