Regulation

Chancellor Philip Hammond has bucked the trend of recent Budgets in making no further increases to insurance premium tax (IPT) although draft legislation to prevent avoidance is being introduced.

GDP growth to hit 2% in 2017

The Health Insurance Group has warned against any further increases to insurance premium tax (IPT) as the Spring Budget takes place next week.

The Financial Conduct Authority (FCA) has today published the first of its two consultation papers on the implementation of the Insurance Distribution Directive (IDD

Melissa Collett discusses why there is legal uncertainty in a recent Financial Ombudsman decision on an Aviva life policy complaint.

Adds new grounds for complaints

With effect from 3 January 2018

1,044 complaints against advisers in six months

The government is set to introduce a tiered structure for probate fees as high as £20k based on the value of the deceased's estate and is investigating whether life insurance policies in trust should be bought forward to pay fees.

Every working adult in the UK would be offered a voucher for a financial health check session with a professional financial adviser, under a proposal developed by the Personal Finance Society.