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New entrants have a challenge ahead

The Financial Services Authority (FSA) is pushing for brokers and insurers to ensure that their staf...

The Financial Services Authority (FSA) is pushing for brokers and insurers to ensure that their staff have the right skills to be able to perform their duties (Insurance Age, April). However, a fresh entrant to the market clearly will not have this, so why invest in one?

Clearly, everyone must understand that it is right for the FSA to insist that insurance companies and brokers alike ensure that all staff have the right competencies to professionally perform their duties.

Brokers and insurers are

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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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