Insights

The collapse of companies such as Carillion and Patisserie Valerie has triggered stronger scrutiny of the audit sector through a series of independent reviews.  These high-profile corporate crises have highlighted pre-existing concerns over audit quality and the need for robust reforms of the…

IFRS 9, the standard which applies to periods beginning on or after 1 January 2018, affects not only large financial institutions but non-financial entities too. IFRS 15, which deals with how to report on revenue arising from customer contracts, focuses on timing and…

As businesses seek out new markets and technology allows people to work in one country but live in another, cross-border mobility is growing. In the last 18 months HMRC has increased its focus on international business travellers. Louise Fryer explains. The traditional assignment…

It’s a mixed picture for the markets halfway through 2019: cautious resilience in spite of political uncertainty. AIM The first six months of 2019 have seen an increase in AIM market capital to £100.2million following a tough end to 2018. There were 15…

It’s important to execute a non-statutory trust (NST) deed correctly to ensure client money is properly protected. Insurance lawyer Carol-Ann Burton provides some tips. UK regulations allow a broker to hold client money in a client bank account, which can be protected by…

By 9 December this year, all FCA firms under SM&CR must submit a SoR (Statement of Responsibilities) and Enhanced firms must also produce a Responsibilities Map. Samiha Shaikh offers a guide to priorities. Following on from our previous articles on the SM&CR, detailing…

In Spring last year, Broking Business announced the FCA’s Market Study on the wholesale insurance sector. Its key aim was to assess whether competition was working effectively in the market. Paul Goldwin reports on what the results mean for brokers. The study focused…

The continuing trend for broker acquisitions has made client money due diligence all the more important. Bethanie Crayston provides advice for vendors and buyers. We are still seeing a strong appetite for insurance intermediary acquisitions involving firms of all sizes across the market.…

Cloud services are becoming more and more popular among brokers. But in spite of the potential benefits, they can also bring unexpected hazards. Ian Singer focuses on one of the key risks. There are good reasons why the Cloud is becoming increasingly important…