Over the past 15 months, policyholders have already seen an increase of 66% in the Insurance Premium Tax (IPT) they pay – this further increase to 12% in this regressive tax is outrageous and is a tax on protection which will hit everyone and especially those ‘just about managing’. We believe that this increase is contrary to the stated policy of HM Revenue and Customs “that IPT should make the required contribution to HM Government revenue while minimising the effect on the take up of insurance”. This increase comes at a time when both motor and home insurance premiums are rising and our fear is that many of those who most need it will avoid taking up insurance and be unable to afford the protection they need.

When we were awarded the Chartered status in 2012, there were less than 100 firms in the UK with the sought after accreditation. Whilst the numbers have risen it is still the benchmark of quality in our profession.

We are delighted to confirm that our Chartered status has been renewed for the next 12 months and the Chartered Insurance Institute confirms “Chartered titles are jealously guarded by professional bodies and are not awarded lightly… The title Chartered Insurance Brokers is a public declaration that the advice given by your firm:

  • Is of the highest quality
  • Is based solely on the researched needs of the customer, and
  • Is provided by someone not exceeding their level of competency

Having won the shirt sponsors competition, Danny Garratt lead the two sides out onto the pitch at the Preston North End vs Huddersfield Town Championship fixture on Wednesday 19th October in front of almost 13,000 fans.

The evening was thoroughly enjoyable, including meeting the manager and players and a full stadium tour. The evening finished to everyone’s satisfaction as North End won 3-1.



Some of the Garratts team enjoying a wonderful evening at Ribby Hall with our very own president John Grindley.

There has been a lot of debate and speculation since the EU Referendum result came in and we are aware that there is a degree of uncertainty for brokers concerning insurer response to this, particularly those insurers who have European parent companies.
Axa is not going to add to that uncertainty by second guessing this situation but it is worth making clear that Friday’s results will have no impact upon axa’s operations in the uk. AXA is still committed to its business in the UK, which has an integral role to play and will be a key contributor to the Group’s future success.
Axa is the world’s largest financial services company and as such is comfortable and experienced in trading across borders and currencies, so we are confident that the uk’s withdrawal from the eu will affect neither our ability to transact business nor our commitment to the uk market. axa maintains a very good financial solidity, with a solvency 2 ratio at 200% as of the end of Q1, and our Ambition 2020 strategy has been built on cautious assumptions, including very low interest rates until the end of the plan.
Of course we are as susceptible to the outcome of negotiations as everyone else in the UK but as far as we are concerned it is business as usual. As such, there is obviously no impact on policies that provide cover in Europe (travel, breakdown, medical assistance etc) which will continue to react as they have done.
Axa Insurance

Well Done to Claire Porter & Liz Grindley for completing the ‘Preston Pretty Muddy 5K’

Race for life is run to raise money for research into all cancers.

Claire & Liz ran the race in loving memory of Sue Garratt & Wilf Grindley.

Liz & Claire - Pretty Muddy 1 Liz & Claire - Pretty Muddy

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After a successful year as President of the Insurance Institute of Preston & Blackpool, Richard has now handed over the reins to John.

We wish John every success for his year as President.



We are looking forward to the Expo tomorrow.

Don’t forget to come and see us tomorrow with your business card for the chance to win a ‘Retro PNE Shirt’.


Come and see us on Friday 4th March at the Lancashire Business Expo at the Guild Hall in Preston.

The event genuinely promises to be the biggest business event in Lancashire with over 160 exhibitors and more than 2000 attendees.

Drop off your business card for a chance to win a ‘Garratts’ Retro PNE shirt.