The ABI has given a muted welcome to plans by Pensions Minister Guy Opperman MP, announced at the weekend, to give DC pension scheme members a condensed pension annual statement of no more than two pages.

Wealth managers, professional associations, regulators, investment and protection providers have signed up to the Business in the Community’s Race at Work Charter.

The insurance and long-term savings sector has hit its target of raising £100m for charity through the Covid-19 Support Fund.

The Association of British Insurers has warned that Government proposals to reform the calculation of the Retail Prices Index (RPI) could cost pension savers £122bn if plans go ahead to implement the changes from 2025.