There will be no further increases to Insurance Premium Tax (IPT) this year, the Autumn Budget 2017 has revealed.
The insurance industry has been urging the government to halt any further IPT rises, as the rate now stands at 12%. In recent weeks, Nigel Evans MP, sponsored an Early Day Motion (EDM) petitioning the government to freeze IPT for the rest of this Parliament. Prior to the Autumn Budget, British Insurance Brokers' Association (BIBA) had made a submission to the government describing IPT as "too high." IPT had been increased from 6% to 12% in just under 18 months. Stuart Scullion, chairman...
The critical illness template is broken - so start with the premise that any condition which results in an agreed outcome deserves to be paid
Closing keynote address from multi-medal winning Paralympian plus full details of conference programme revealed
Four protection distributors with 60 adviser firms join 'test and learn' process before full market roll-out in six weeks
Gary Burchett, protection director at Scottish Widows, on heart disease and the 35th anniversary of critical illness cover