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ABI to revise its best practise statement

  • 15/01/2003
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The Association of British Insurers (ABI) has entered into a consultation exercise with the Financia...

The Association of British Insurers (ABI) has entered into a consultation exercise with the Financial Services Authority, the Office of Fair Trading, The Financial Ombudsman Service and the Consumers’ Association to raise public awareness of income protection insurance, and revise its current statement of best practice.

Richard Walsh, head of health insurance at the ABI, said: ‘¦ with over 2.7 million people in 2002 receiving State invalidity benefits due to illness or incapacity, awareness of the value of income protection insurance is vital.’


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