They are trying to offer people a comforting message that CAT standard products will always be ‘alright’ while also saying that non-CAT products might be better in individual cases. The ABI also comments on the Government’s proposal for a CAT standard for ‘generic’ financial advice, especially in pensions. Conveyancing Lawyers There needs to be more work on the scope and objectives of generic financial advice, including the role of the State, before a regulatory solution is decided upon.
The Association of British Insurers today welcomed the Government’s new proposals to encourage saving and asset accumulation in Britain. Today’s announcement builds in part on research ABI co-sponsored to consider some practical issues on how the Child Trust Fund and the Savings Gateway might operate. The Government is right to consult widely on these proposals, and we will be studying them in detail. We share the Government’s objective of self-provision and asset accumulation throughout society. We hope to work in partnership with the Government to turn these latest proposals into reality.
1The non-gilt sterling bond market has grown rapidly and is this year poised to overtake the gilts market in terms of size, but it still lacks trading depth and liquidity. Enhanced information flows for investors are needed to help it function better, according to research launched today by the Association of British Insurers.
The research was commissioned in the wake of the recent debate over the future of the Minimum Funding Requirement, which highlighted the growing importance of the sterling bond market to insurance companies and other institutional investors. A key conclusion is that bondholders should form a committee to promote their interests with issuers and regulators.
Analysis of delivery routes and load efficiency enabled the company to reduce its mileage significantly and cut delivery costs by £90,000 p.a. Since then the EU has announced a number of funding programmes to support CSR activity including that from the GROW programme; and a call for proposals to mainstream CSR amongst SMEs from the Enterprise & Industry directorate. The White Paper which followed set out policies to raise awareness and improve knowledge on CSR; develop the capacities to help mainstream it within businesses; and to ensure an enabling environment for CSR.
It does not attempt to list the huge number of organisations which support businesses in some way or another on a particular strand e.g. the environmental and skills agencies. From time to time they approach SEEDA, through its Investor Development Managers, for assistance with practical implementation e.g. on recruitment and retention, transport or energy cost issues. For most SMEs, particularly the smaller ones, their activities are typically fragmented and informal and they don’t feel the need for formal policies or reporting mechanisms.
The main reason behind the sluggish growth in the first quarter was a slowdown in growth of service sector output and a fall in construction output. Sluggish world demand, turbulent stock markets and the impact of the war in Iraq have been largely responsible for bleak business and consumer confidence in the first three months of the year. Given the poor performance of the UK economy as a whole, the likelihood is that the South East economy did not perform much better in the first quarter. This is in particular true given the large concentration of financial, manufacturing, construction and tourism sectors in the region.
The manufacturing sector is one area that has been affected significantly over the past few years, first by the strong value of the pound and then by the slump in world demand. Home orders and export orders also decreased significantly, possibly reflecting the pessimism at home and abroad about the speed of economic recovery. The pessimism about the speed of the recovery is further highlighted by the significant decline in the balance of firms reporting an increase in investment. Dissecting the expenses of the materials, necessity of workforce and different drives, for example, substantial supplies utilized as a part of the development must be carried out inside the vision of the quantity surveyor Sydney.
One factor likely to aid competitiveness of the manufacturing sector is the recent significant depreciation of the pound against the dollar and in particular the euro. Since there is a considerable lag between the devaluation of currency and its impact on the balance of trade, we are unlikely to see any significant benefit of this improvement in competitiveness until the early/mid 2004. In addition to this, since the interest rates in the United Kingdom are much higher than in the euro zone or the United States, the pound is likely to recover some ground lost over the next few months. Given the already tight local labour market (high employment rates), firms have been less willing to give up skilled labour over the last two years in the South East than in other parts of the country.