Change in the wind
Goodwill continues to figure high on the list of accounting matters for many brokers, though other issues are appearing on the horizon, writes Philip Smith.
It is nearly two years since goodwill and other intangible assets were banned by the Financial Services Authority from being used by insurance brokers in calculating their capital resources requirements.
Given that many insurance brokers had relied on the value of these assets, especially those that had been going through a period of consolidation, in valuing their businesses, the move presented them with a headache. There were several options available to mitigate the impact from recourse to
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