View more on these topics

ABI accused of treating protection as side issue

Edwards: ‘Protection is pretty low down the pecking order at the ABI’

The Association of British Insurers has been attacked for acting more like a regulator than an industry lobby group and for focusing more on pensions than protection.

At the Protection Review conference in London last week, Cicero Consulting account director Mark Twigg said: “I would like to criticise the ABI on this front, in becoming something of a de facto regulator rather than being an out-and-out lobbying organisation.

“Until the industry has that degree of awareness and profile, then the Government is liable to either get things wrong on protection or treat protection as an afterthought.”

Luther Pendragon director Simon Whale said: “There might be a need for the protection industry to think about some vehicle that is about them rather than being a sub-set of the ABI.”

Bright Grey proposition director Roger Edwards said even the ABI’s own savings and protection conference did not feature much in the way of protection. He said: “This says to me that protection is pretty low down the pecking order at the ABI and on other agendas across the financial services sector.”

ABI assistant director of health and protection Nick Kirwan said: “I think part of the work we have done in the past has been to ensure that the protection industry is fit for purpose and products do what they say.

“Payment protection insurance aside, where we have still got much more work to do, I think the protection industry is in a very good place.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm