Insurers and fund firms raise £100m for Covid-19 charities

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

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RPI reform could cost pension savers £122bn, ABI warns

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.

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Life insurers pay £980k a day in claims at pandemic peak

Insurers paid £90m over 7,000 life insurance claims to the families of people who died due to the Coronavirus pandemic between 1st March and 31st May 2020.

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Savers resist urge to raid pensions during lockdown

March and April saw big falls in the number of people enquiring about and accessing their pensions, according to data released today.

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