Compliance & Regulation
ABI and IHPN raise concerns over Lord Kinnock’s call for VAT on private healthcare
The Association of British Insurers (ABI) and the Independent Healthcare Providers Network (IHPN) have raised concerns about a proposal put forward by Lord Kinnock for a tax hike on private healthcare. The...
Read moreLord Kinnock calls for VAT on private healthcare as polling backs windfall tax
Lord Kinnock is calling for the government to remove the exemption on VAT on private healthcare, while calls have also been made to introduce a windfall tax on these services. The former...
Read morePFS’s Grant succeeds Zurich’s Hamilton as disability and access ambassador for insurance
Personal Finance Society (PFS) director Eddie Grant has succeeded Zurich head of market engagement Peter Hamilton as disability and access ambassador for insurance. Grant (pictured) is one of nine new disability and...
Read moreFCA grilling more than 30 insurers and advisers for protection market study
The Financial Conduct Authority (FCA) has issued detailed information requests to more than 30 insurers and intermediaries as research for its pure protection market study. The regulator is also conducting consumer research...
Read moreMAB deploys Comentis financial vulnerability assessment tool
Mortgage Advice Bureau (MAB) has deployed a financial vulnerability assessment tool across its broker network. Developed by Comentis, the tool aims to improve identification of and help to support vulnerable customers. It...
Read moreFCA hires interim FOS chairman after ‘unsuccessful’ recruitment campaign
The Financial Conduct Authority (FCA) has been forced to appoint an interim chairman of the Financial Ombudsman Service (FOS) from the FCA board after admitting "the initial recruitment campaign proved unsuccessful". Liam...
Read moreNothing done about insurer commission incentivising bad adviser behaviour for 20 years – Bjelobaba
Nothing has been done about low private medical insurance (PMI) policy renewal commissions from insurers incentivising bad adviser behaviour for 20 years, according to compliance consultant Branko Bjelobaba. However, he warned that...
Read moreFCA’s next insurance strategy likely in couple of months
The Financial Conduct Authority (FCA) is likely to publish the next edition of its insurance strategy in the next couple of months, Health & Protection understands. The strategy will outline the regulator’s...
Read more‘Common sense prevailed’ as group life schemes avoid IHT liability
The group risk industry has warmly welcomed confirmation that death in service benefits will not be brought under the scope of inheritance tax (IHT) liabilities. HM Revenue & Customs (HMRC) also confirmed...
Read moreGroup life captive plans welcomed but winning firms from tax havens ‘a challenge’
The inclusion of group life in the government’s captive framework has been welcomed but it is not expected to have a major impact on the industry or country unless further benefits are...
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