The Live Wire



Press Release

ABI responds to FSA fees consultation paper

2 February 2012

Otto Thoresen, Director General, ABI said: “This massive increase in regulatory fees comes in a year when insurers already face increased costs associated with implementing the Retail Distribution Review, Solvency II, changes to gender risk pricing and auto-enrolment. We knew that there would be a cost involved in moving to twin peaks regulation but, in this difficult financial environment, all organisations need to be focussed on controlling their costs. While insurers will do their best to absorb these costs, some will inevitably be passed on to the small companies and private individuals who are customers of the insurance industry at a time when they can least afford it.”



Press releases, papers and documents published on this page are the intellectual property of an organisation unrelated to Central Lobby. We promote their parliamentary and political campaigning activities as they are subscribers to the Central Lobby service.

As such, Central Lobby does not edit, endorse, or attempt to balance the opinions expressed on this page. The content of press releases and other such types of content are the responsibility of the originating organisation.

Association of British Insurers

Association of British Insurers

More from Dods

© Dods Parliamentary Communications Ltd