All-Party Parliamentary Group on Insurance and Financial Services programme for September - December 2014
22 August 2014
Here is an outline of the provisional programme for the All Party Parliamentary Group on Insurance and Financial Services for the rest of 2014.
1) Tuesday 2nd September 4:30 Room 17
Motor Insurance Reforms – Is the consumer now getting a fair deal?
On the back of recent changes introduced by the The Legal Aid, Sentencing and Punishment of Offenders (Laspo) reforms and the success of the insurance industry in combatting fraud; there has been an expectation that motor insurance premiums would reduce. And whilst this is the case for many, there are some – especially in certain cities - who continue to see the cost of their motor insurance rise. This session will look at why this is the case, and what is left to be done to improve the situation for policyholders.
Speakers:
Bradford East MP David Ward
2) Tuesday 14th October 4:30 Room 18
Government Pension Reforms
The Budget announced radical changes to pensions reform from April 2015, removing the requirement to take an annuity and allowing individuals to take cash from their pension at 55, with a right to guidance to help them make informed decisions.
This session will look at what the implications of these reform will mean – how will the reforms impact consumers? What will the “guidance” look like and what should it offer to consumers? What new products are likely to be emerge as a result of these changes? Is there still a role and need for annuities in the new landscape? with more individuals taking cash from their pension, what are the implications for the wider economy – how will this impact investments in the corporate bond market and other products such as equity release
Speakers
John Perks, Managing Director, Retirement Solutions and Phillip Brown, Head of Propositions, LV=
Ewan Smith, Pensions Proposition & Strategy Director, Royal London
3) Tuesday 28 October 4:30, Room 18
Guardianship and the role of the financial services sector
Joint meeting with APPG for Missing and Runaway Children and Adults
Speakers and details TBC
4) Tuesday 18 November 4:30, Room 18
Still to be confirmed
5) Tuesday 25th November 4:30, Room 18
The Insurance Implications of Cyber Crime
Cyber insurance (i.e. the opportunities and impacts of new technologies on the insurance sector) is rarely discussed in Parliament. Yet the role of Government is arguably significant to help monitor and ensure ongoing UK competitiveness and employment in an increasingly digital driven and smart technology era.
We are entering a new and unfamiliar world of opportunity which may, alongside these ground-breaking developments, require new ground rules. It is a world where huge quantities of data can be collected, processed and used, but also one with new risks and liabilities.
This session will bring parliamentarians and a wide group of well-placed insurance professionals and insurance related technologists and visionaries to discuss the opportunities and implicated implications of next general "cyber-insurance" provision.
Speakers tbc
6) Tuesday 9th December 4:30, ROOM TBC
The London Market in 2015 and beyond: Retaining its global pre-eminence and facilitating local growth
This session will look at how London aims to retain its position as the global insurance hub as its share of worldwide insurance premium declines in face of stiff global competition; whilst also addressing the role the London market can play in helping facilitate the Government’s Insurance Growth Action Plan, especially in terms of its underwriting expertise.
Speakers:
Steve Hearn, Deputy CEO, Willis Group and chairman of the London Market Group
I hope you can make some of the meetings
Regards,
Jonathan Swift
Editor-in-chief
Insurance Division
Incisive Media
