News

Insurers handed over £2.4bn in insurance premium tax in the year 2010/11, a rise of more than 6% on the previous year (£2.253bn), government figures reveal.

The government and trade unions have reached a headline agreement on the reform of four major public sector schemes.

Adviser Alliance is looking to take on new directors in a bid to move the organisation to a "new level" where it can challenge the remit of the FCA.

The inheritance tax (IHT) threshold freeze has boosted government revenues from the tax by 14%, an accountancy firm said.

IFAs who recommended Arch Cru - and now may face demands for compensation - are being advised to contact their professional indemnity (PI) insurer to ask them to contribute to the Capita redress scheme, as a cheaper way to deal with claims.

Several unions have signed or are expected to sign agreements with the government over public sector pension reform today.

The Association of British Insurers (ABI) has proposed three new measures to become part of its planned code of conduct for insurers selling annuities.

Bupa has confirmed it is to de-list a further 25 BMI hospitals from 1 January after the two parties failed to agree contract terms for treating Bupa patients.

Prudential have announced that chairman Harvey McGrath is to retire from the board of directors in 2012 once a successor has been found.

Simplyhealth has bought dental cash plan provider Denplan from Axa for £115m.