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ABI demands tax breaks for small firms

The Association of British Insurers is urging the Treasury to offer tax incentives to encourage small businesses to provide well-being and rehabilitation packages to employees.

Head of health and protection Nick Kirwan says many big companies offer programmes to keep their employees healthy and get them back to work after an illness but very few small businesses provide this.

He says: “A tax break would make this financially viable for everyone. The employee’s quality of life improves when they go back to work, the Government will pay out less in incapacity benefits and the insurers will sell more products. However, in the short term, the employee may be less productive so the tax break can fill that economic gap for the company.”

Over two-and-a-half million people claim incapacity benefit, costing the state £12.6bn each year.

Before Christmas, the Government announced plans to reduce the number of people claiming incapacity benefit through more stringent tests to assess claimants’ ability to work. The Tories set out similar plans in January.


Pink Home Loans totals 400 appointed representatives

Pink Home Loans has announced that its Appointed Representative numbers have reached the 400 mark.The mortgage network says it has seen an impressive increase in its business writers throughout 2007, rising from 279 in January 2007 to 400 in just over 12 months.It says it has an added pipeline figure of 57.James McInnes from Christie […]

Indian summer

China seems to hog all the headlines, no doubt helped by hosting of the Olympic Games this year. In the investment world, there are now several funds that invest in China but, in contrast, there are very few funds that invest in a country which has just as much and arguably more potential – India. […]

In the bleak midwinter

January’s large-scale falls followed last year’s weak showing by the UK’s mid-tier stocks. After a number of years of excellent returns, 2007 was tough for UK mid-caps, with the FTSE 250 finishing down by 2.5 per cent.

MPL launch property fund

Managing Partners Limited (MPL) has launched a new property fund in a bid to take advantage of discounts in the market.


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