ABI calls for "financial health" awareness campaign

www.moneynews.co.uk > General finance > ABI calls for "financial health" awareness campaign

ABI calls for "financial health" awareness campaign

Thu 24th Jul 2008

The government should run a publicity campaign to encourage people to save rather than expect to enter debt, the Association of British Insurers (ABI) claims in a new publication.

In its report "Safeguarding the Future", the ABI outlines policy initiatives to help savers and businesses in the economic slowdown.

Tax certainty is a key issue, as well as encouraging saving through longer term investments and the increase of ISA limits.

UK business should be promoted through proper consultation on tax changes and alterations to taxes on overseas earnings to encourage firms with UK headquarters to bring offshore profits back into the country.

Pensions, savings and debt are also covered in the report.

ABI director general Stephen Haddrill wrote to the chancellor warning that the insurance industry cannot "compete in a globalised world" unless British taxes are reformed, the Financial Times reports.

The ABI wants the Treasury to change the regime to encourage businesses to stay or invest in the UK.

Related News : General finance
	Citizens Advice welfare applauds government
	Confused.com energy defends British Gas
	Bank of Ireland passes stress test
	Tesco Mobile deal 'courts consumers'
	Scottish Widows Investment Partnership notes favourable response
	Customers should fix now, says moneysupermarket.com energy
	Confused.com highlights importance of getting the best deal
	Prices on the rise, says moneysupermarket.com energy
	Bank of Scotland economic report 'suggests transitional phase'
	Clydesdale and Yorkshire Banks security advice issued

Related News : Insurance
	Under-insurance 'a costly mistake for Brits'
	Rodents and pests 'causing havoc for homeowners'
	Brits 'should be aware of home cover details'
	PPI scandal 'has helped tighten financial regulation'
	Location 'can impact home insurance costs for Brits'
	FSA and CC 'failed to tackle PPI issue head-on'
	Pet cover 'important for Brits to get right'
	UK homes are 'falling into disrepair'
	Brits advised on reducing home insurance cost
	UK insurance 'has become more complex'