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Risk perspectives - Top service is a sign of a true broker

In most broking firms, a huge amount of management time is committed to risk management and regulati...

In most broking firms, a huge amount of management time is committed to risk management and regulation. The problem is that the focus on compliance can sometimes mean that it is difficult not to develop a 'tick box' mentality, where an overview of a client relationship is lost in the bureaucracy of account management.

Sometimes it is healthy to take a step back and look at what a client requires, and then make sure that systems and procedures are 'doing the job' rather than just 'ticking the box'

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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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