Opinion: Taxing problem

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James Sharp on why a proposed annual levy on ARs amounts to a tax on small brokers

Imagine a bare-chested Steve White standing atop barricades stretching across Bevis Marks, brandishing a Tricolour and loudly proclaiming the cause of liberté, l’egalité and, above all, la fraternité?  

As a founding director – now retired – of Ten, an AR network, I would hope the British Insurance Brokers’ Association (Biba) CEO would be inspired, as described above, by the FCA’s consideration of another ‘small broker tax’.

Admittedly, the bare-chested element of this may not be to everybody

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FCA adds four more S166s to sector

The Financial Conduct Authority has slapped the general insurance and protection sector with another four skilled person reports as the crackdown continues.

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