IPT hikes: cushioning the blow
The industry breathed a metaphorical sigh of relief when the Chancellor Philip Hammond announced no planned rise in Insurance Premium Tax (IPT) in last November’s Budget. Whether this came in response to...
IPT
Healthcare market focus: from broking to consulting
High premiums, product complexity and a lack of market growth have turned group medical insurance into a no-go area for some advisers. But an upswing in virgin business shows that opportunities are...
Stuart Scullion: How to deal with GDPR, the IDD and the SMCR
The turkey is finished, the Christmas decorations have been packed away and the New Year’s festivities are over. As we enter 2018 full of optimism, it’s time to ask yourself: “Are you...
‘Group life assurance’ most hated group risk product name
Group risk products should be renamed to more engaging alternatives to make them more understandable and likely to be bought, research from Canada Life Group Insurance suggests. ‘Group life assurance’ has been...
AMII conference: Scullion spells out impact of IPT hikes
Health insurance and cash plans should be treated as a zero-rated insurance cover product like life and critical illness cover, AMII chairman Stuart Scullion told a packed annual conference yesterday. Scullion applauded...
LaingBuisson: PMI hit by Brexit and IPT but cash plans soar
Brexit-fuelled political uncertainty, the sharp hike in insurance premium tax (IPT) and an increase in patients self funding have been blamed for a stagnating private medical insurance market, says Laing Buisson. But...
AMII defers IPT petition over fear of Government collapse
A second petition against rises in Insurance Premium Tax from the Association of Medical Insurers and Intermediaries (AMII) has been put on hold because of the organisation’s concerns that the Government will...
AMII slams Labour IPT price hike pledge
Labour has pledged to increase further insurance premium tax on health insurance, despite the fact that tax on the benefit has doubled in the last two years. Association of Medical Insurance Intermediaries...
IPT petition set for launch at AMII AGM
A petition calling for an end to insurance premium tax hikes on health insurance will be launched at the Association of Medical Insurance Intermediaries’ AGM this week. The petition - ‘Hands off...
CA Forum: Poll shows adviser fears over IPT and sal sac
The Chancellor’s increase in income premium tax will prompt a reduction in use of group PMI and could lead to a boost to corporate paid cash plans, according to delegates at the...
