Blogs

  • The season of the three i’s: How insurers role in investment and infrastructure can help the UK to ‘level -up’

    22/10/2021

    The insurance and long-term savings sector can play a key role in helping meet the unprecedented challenges and opportunities of investing in major infrastructure projects. Ahead of the Autumn Budget…

  • In Defence of Flood Defence Maintenance

    20/10/2021

    With flood a prevalent risk faced by UK insurers – and with losses expected to increase in a changing climate – flood defences are more important than ever. But should we be spending more on defence maintenance? This blog from flood risk specialists JBA introduces an ABI/Flood Re study on this topic.

  • A healthy economy needs a healthy workforce

    19/10/2021

    In his forthcoming Budget, the Chancellor needs to resist any temptation to raise the rate of Insurance Premium Tax, especially as any increase will disincentivise those businesses who want to invest in the health of their employees and the resilience of their business through providing health insurance for their workers. A healthy workforce is essential for a healthy economy.

  • Easing the Squeeze on Net Pay savers and those hit hardest by Covid-19

    13/10/2021

    This Budget we need to get rid of the quirks in pensions tax relief so that 1.5m low earners who have been missing out can automatically qualify for it and people who have had to use their pension savings during the pandemic are not penalised for paying the money back.

  • OECD/G20 International Tax Project reaches crucial point

    11/10/2021

    The ABI’s Budget submission sets out how Government has a chance to grasp the nettle of reform and create a complementary tax and regulatory framework that drives competitiveness, attracts overseas capital and promotes the UK as a place to invest, innovate and inspire. Here, Mervyn Skeet, the ABI’s Head of Taxation, writes about the latest discussions on the OECD Inclusive Framework and the impact for the UK insurance industry.

  • IPT – the least effective and progressive option

    07/10/2021

    Ahead of the Budget which will be delivered on 27th October, David Jordorson, Senior Policy Adviser, Taxation, outlines why the ABI is calling for Insurance Premium Tax (IPT) to be frozen.