How not to be a goodwill fatality
The Financial Services Authority's requirement that goodwill will no longer be an eligible asset for...
The Financial Services Authority's requirement that goodwill will no longer be an eligible asset for capital adequacy purposes from 14 January 2008 has left a number of insurance intermediaries pondering their next steps to ensure compliance with the rules in MIPRU 4.
This is no FSA-led conspiracy to drive the smaller intermediary out of business as some market participants would have you believe. The IBRC and Lloyd's rules did not recognise goodwill as a regulatory asset and nor does the FSA
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