The Association of British Insurers (ABI) has set out plans aiming to shape pensions reform, unlock productive investment, and strengthen trust in the long-term savings and insurance sector as part of its new strategy for 2026 to 2028.

In its Strategy Update 2026–2028, the ABI said its work over the next three years would be guided by three strategic priorities: supporting a trusted sector that delivers good customer outcomes, promoting investment in people and the planet, and helping to ensure an effective market underpinned by a stable and proportionate legislative, regulatory and tax framework.

As part of its approach to pensions policy, the association stated it would seek to shape pensions reform through appropriate policy, legislation and regulation, with the aim of improving savings adequacy, and providing clarity and stability for future retirees as the population ages.

The strategy also emphasised the role of insurers and long-term savings providers in unlocking opportunities for productive investment, including investment that supports sustainable economic growth, resilient infrastructure, innovative technology, energy security, and reduced emissions, while prioritising policyholder value.

In addition, the ABI said it would continue to advocate for a proportionate and stable regulatory framework that supports competitiveness, innovation, and investment in the UK while providing security for customers.

It also outlined plans to lead the debate on the design and implementation of tax policy and to explore opportunities to streamline and standardise regulatory reporting across the sector, reducing duplication and improving efficiency.

Meanwhile, the organisation highlighted a focus on building trust in the sector through initiatives designed to improve customer understanding and experience, alongside evidence-based advocacy supported by market data, analytics and technical expertise, to ensure policy and regulatory decisions were informed by an accurate picture of what the sector could deliver.

Commenting on the strategy update, ABI director general, Hannah Gurga, said it built on progress made since the organisation launched its purpose in 2023.

“Working closely with our members, we strengthened the industry’s role in supporting resilience across the UK, mobilised investment, and championed fair and effective regulation,” she continued.

“This progress gives us a strong foundation for the next phase as we continue building trust in our sector, further boost investment in people and our planet, and support a market that works well for businesses and for customers”.

Alongside its external priorities, the ABI also set out organisational outcomes for the period, including maintaining operational excellence, remaining financially resilient, and continuing to develop a motivated, inclusive and empowered workforce to support members’ evolving needs.

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