BIBA manifesto narrows in on support for vulnerable consumers

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 approaches supervision and an examination of how BIBA, the government and the regulator can work tog...