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Marchington: we will fill a gap

A major new over-50s intermediary has been launched by Andrew Marchington, the former managing direc...

A major new over-50s intermediary has been launched by Andrew Marchington, the former managing director of Fortis-owned RIAS. The new company, Castle Cover, is backed by HSBC Bank and Asset Ventures, part of the family investment vehicle that controls Primary Group, the Bermuda-based insurance distributor.

Castle Cover, based in Poole, Dorset said it expected to employ over 400 people within four years and would offer a UK-based customer service.

The launch company, which is supported by a £10m

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Yutree outlines plans after MBO

Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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