The 0.5% rise is the second in less than a year and Chancellor said extra money raised would go towards flood protection.
The Chancellor of the Exchequer, George Osborne, has increased insurance premium tax again from 9.5% to 10%. The increase follows on from the rise from 6% to 9.5% in the Summer Budget in July last year....
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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