Rise In IPT Rate To 12%

Rise In IPT Rate To 12%

On June 1st there will be a rise in the IPT rate to 12%. This is following a previous rise to the IPT rate last year in October from 9.5% to 10%. Over the last 18 months it has risen 3 times. However, the increased IPT rate is still one of the lowest throughout...
New Insurance Renewal Rules 2017 from the FCA

New Insurance Renewal Rules 2017 from the FCA

Earlier this month, on 1st April, new insurance renewal rules were introduced to improve the way that brokers handle renewal policies with their customers. The FCA brought out changes to ‘increase transparency and engagement at renewal in general insurance markets’....
Ogden Discount Rate Change Explained

Ogden Discount Rate Change Explained

There has been a lot of recent news about the increase of the Ogden discount rate brought in by the government on the 27th February. It has the insurance market in uproar, with the decision by Lizz Truss being called ‘crazy’. Many insurers have released just exactly...