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Brokers heading for more tribunals warns law firm

Employment law firm Peninsula has predicted that there will be an increasing number of brokers being...

Employment law firm Peninsula has predicted that there will be an increasing number of brokers being taken to tribunal over employment disputes from October.

New procedures to deal with dismissals are set to be introduced in October and will bring in minimal standards of disciplinary procedures.

However a survey by Peninsula has found that brokers are ill-prepared for the legislation, with 86% of the 547 brokers interviewed having no insurance or indemnity cover to protect them should an employee

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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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