The Autumn Statement saw Chancellor Phillip Hammond announce a rise in insurance premium tax (IPT), meaning the rate will increase to 12% from June 2017.
This is the third increase to the rate of IPT announced in less than two years. It affects general insurance policies including private medical insurance but not protection policies which are exempt from...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November