One in 50 expect to receive over £5m, research by Canada Life reveals
Without an inheritance strategy, tax on a £1m estate amounts to £230,000, however only one in 20 know about the residence nil rate band tapering for estates over £2m, according to Canada Life's annual IHT monitor. Of the consumers questioned (aged 45 and over), 24% expect an inheritance of £250,000, while 15% are looking to receive £500,000. The figures reflect rising UK wealth in recent decades, however without financial planning individuals can expect to be hit with 40% IHT for assets above...
The Association of Medical Insurers and Intermediaries (AMII) readies annual general meeting for 14 March in Milton Keynes
New subgroup focused specifically on insurance technology and innovation in London
Slowdown linked to austerity and NHS neglect, academics argue
The Institute of Risk Management's (IRM) Internal Model Industry Forum (IMIF) has published its eighth guidance document for the insurance market