BIBA manifesto narrows in on support for vulnerable consumers

Call for IPT to be reduced to 10%

Hemma Visavadia
clock • 1 min read
BIBA manifesto narrows in on support for vulnerable consumers

The British Insurance Brokers’ Association (BIBA) has unveiled its 2022 manifesto which aims to focus on helping vulnerable consumers access insurance.

Within the manifesto, the trade body said it wants to make "greater efforts" to promote the importance of the protection afforded by general insurance to the public and the benefits of seeking advice from a regulated insurance broker. Furthermore, the organisation has called for the "extensive" Insurance Premium Tax (IPT) to be reduced to 10% from 12% in the next Budget. Regulation was also a theme running through the manifesto, with the group calling for a rethink of how the regulator ...

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