Flooding. Inset: Neil McGuire of insurance broker Lycetts WELSH businesses could be hit worse by flooding - after a prediction of more floods in Wales over the next few decades. Dr Annie Visser-Quinn, a data scientist at Heriot-Watt, said: “We used multiple datasets and methods and compared the results, using the most up-to-date data available. “The estimates paint a concerning picture for the future UK flood landscape, especially when combined with increasing urbanisation. Dr Visser-Quinn and her colleagues looked at one in two-year and one in 30-year events - the type of flooding that happens every two years, and the less common one-in-30 years extreme event.
MPAA freeze to hit low earners, research finds
By Jean-Baptiste Andrieux 12
th April 2021 11:29 am
Freezing the money purchase annual allowance at £4,000, coupled with static personal tax thresholds, will increase the number of basic-rate taxpayers who fall foul of the tax trap, new research from Just shows.
Even employees contributing the minimum 8 per cent of salary to a workplace pension might start to feel the squeeze as pension contributions will exceed the allowance, the group’s calculations suggest.
The 20 per cent marginal income tax threshold for 2021/22 was £50,270, which means that someone earning that amount will have put £4,021 into their pension, just above the £4,000 MPAA limit.
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RIBA’s 66 Portland Place headquarters
RIBA past president Marco Goldschmied has said his call to arms for architects to set up a new mutual provider to counter the rocketing cost of professional indemnity insurance has revealed “very strong demand” across the profession.
Goldschmied, who was president of the institute from 1999 to 2001, last month urged small and medium-sized practices to flag their interest in setting up a not-for-profit insurance provider in the face of “extortionate” premium increases of up to 700%, blamed on fallout from the Grenfell tragedy.
He said the response to his call on LinkedIn had been “fantastic” but warned that the architectural community had to take control of its destiny before it was “permanently debilitated” by the insurance industry at a time when the profession’s existing mutual, Wren Insurance Association, only offered PI insurance to the largest practices.
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