Another good year?
After an uncertain start to 2015, brokers now need to plan on how to grow in a low inflation and stable rating period, says Tony Cornell
When I was looking forward to 2015 last year, I highlighted a number of big issues, which might arise during the year. At the time, we were facing an election with the expectation of a hung parliament and a period of five years of uncertainty. We now know the outcome, which was a conservative majority and five years of political stability.
One of the first actions impacting our industry by the new government was the increase in Insurance Premium Tax (IPT) to 9.5% (how much easier for us all if
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