http://www.out-law.com/en/ Latest legal news on insurance and wealth management from OUT-LAW.COM, part of international law firm Pinsent Masons en-gb Pinsent Masons LLP Sun, 19 May 2013 12:35:27 +0100 http://www.out-law.com/en/articles/2013/may/study-reveals-uk-business-uncertainty-over-data-protection-reform-plans-and-cost-implications/ http://www.out-law.com/en/articles/2013/may/study-reveals-uk-business-uncertainty-over-data-protection-reform-plans-and-cost-implications/ Insurance and wealth management Businesses are uncertain about what proposed new data protection laws would mean for them, according to a study commissioned by the Information Commissioner's Office (ICO). Tue, 14 May 2013 13:34:00 +0100 http://www.out-law.com/en/articles/2013/may/abi-points-to-pension-investment-decision-risks-if-consultancy-charging-ban-is-implemented/ http://www.out-law.com/en/articles/2013/may/abi-points-to-pension-investment-decision-risks-if-consultancy-charging-ban-is-implemented/ Insurance and wealth management The Association of British Insurers (ABI) has criticised the Government's plans to prohibit consultancy charging in the auto-enrolment programme. Mon, 13 May 2013 16:40:00 +0100 http://www.out-law.com/en/articles/2013/may/insurers-need-explicit-consent-for-telematics-data-sharing-says-trade-body/ http://www.out-law.com/en/articles/2013/may/insurers-need-explicit-consent-for-telematics-data-sharing-says-trade-body/ Insurance and wealth management Insurance companies should obtain the "explicit consent" of drivers if they wish to share those individuals' personal telematics data with "non-essential" third parties, a trade body has recommended. Fri, 03 May 2013 13:47:00 +0100 http://www.out-law.com/en/articles/2013/may/supreme-court--participants-in-complex-arrangements-must-have-substance-to-receive-or-make-supplies/ http://www.out-law.com/en/articles/2013/may/supreme-court--participants-in-complex-arrangements-must-have-substance-to-receive-or-make-supplies/ Insurance and wealth management Companies involved in 'chains' of transactions must be able to show that they have borne burdens and received products or services for use in their business before they will be judged to have received supplies and thus are entitled to recover VAT, the UK's highest court has ruled. Thu, 02 May 2013 11:37:00 +0100 http://www.out-law.com/en/articles/2013/april/cjeu-insurance-premium-tax-ruling-bad-for-business-and-eu-policy-says-expert/ http://www.out-law.com/en/articles/2013/april/cjeu-insurance-premium-tax-ruling-bad-for-business-and-eu-policy-says-expert/ Insurance and wealth management OPINION: A European court ruling on the way insurance premiums are taxed will not only burden insurers with increased costs and extra work but will undermine the EU's attempts to create a single market for insurance.  Wed, 24 Apr 2013 15:02:00 +0100 http://www.out-law.com/en/articles/2013/april/insurers-expected-to-encounter-tax-issue-in-relation-to-business-process-outsourcing-expert-warns/ http://www.out-law.com/en/articles/2013/april/insurers-expected-to-encounter-tax-issue-in-relation-to-business-process-outsourcing-expert-warns/ Insurance and wealth management Businesses are expected to spend more than $25 billion this year through arranging for third-parties to perform finance and accounting processing tasks on their behalf, according to new research. Thu, 11 Apr 2013 11:04:00 +0100 http://www.out-law.com/en/articles/2013/march/trail-commission-taxable-but-hmrc-will-not-go-after-previously-undeclared-payments/ http://www.out-law.com/en/articles/2013/march/trail-commission-taxable-but-hmrc-will-not-go-after-previously-undeclared-payments/ Insurance and wealth management Product providers will have to start deducting tax from the 'trail commission' they charge investors or their financial advisers from 6 April after HM Revenue & Customs (HMRC) said that the payments were taxable. Tue, 26 Mar 2013 09:28:00 Z http://www.out-law.com/en/articles/2013/march/demand-for-cyber-insurance-up-by-one-third-in-2012-says-leading-broker/ http://www.out-law.com/en/articles/2013/march/demand-for-cyber-insurance-up-by-one-third-in-2012-says-leading-broker/ Insurance and wealth management The number of companies insuring themselves against the consequences of a data breach or cyber attack increased sharply last year, a leading insurance broker has said. Mon, 18 Mar 2013 12:12:00 Z http://www.out-law.com/en/articles/2013/march/fsa-outlines-claims-data-disclosure-plans-for-insurance-firms/ http://www.out-law.com/en/articles/2013/march/fsa-outlines-claims-data-disclosure-plans-for-insurance-firms/ Insurance and wealth management Insurance companies could be forced to publish details of payouts on particular insurance policies under a plan published by the Financial Services Authority (FSA). Tue, 05 Mar 2013 12:34:00 Z http://www.out-law.com/en/articles/2013/february/private-sector-firms-could-link-anonymised-medical-data-to-individuals-without-their-consent-says-pressure-group/ http://www.out-law.com/en/articles/2013/february/private-sector-firms-could-link-anonymised-medical-data-to-individuals-without-their-consent-says-pressure-group/ Insurance and wealth management Private sector businesses could obtain "identifiable" information about patients without their consent under a new scheme that will see medical data made commercially accessible, according to information disclosed by the Government. Tue, 19 Feb 2013 16:41:00 Z