Biba accounts show 2017 capital and reserves growth


Accounts filed at Companies House have shown that the British Insurance Brokers’ Association’s (Biba) capital and reserves grew to £3.21m in 2017 from £2.36m the year before.

The trade body explained that around £210,000 of the uplift was due to the improvement in the accounting valuation for the final salary pension scheme.

It added that with pension liability having a long term nature the position will have little immediate impact on day to day operations and that the valuations were

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