Regulation
Achieving a balance
Q. The Financial Services Authority has queried if our client account is included in our balance sheet figures in the Retail Mediation Activities Return. Please explain the situation
Managing lay-offs
Q. My company has cashflow problems and may need to make a few employees redundant. Which procedures are correct?
Biba in FSCS funding concern
The British Insurance Brokers' Association is concerned about new funding arrangements for the Finan...
IIB's compromise call
Following the Law Commission's consultation on insurance law, the Institute of Insurance Brokers bel...
FSA's Scottish surgeries
The Financial Services Authority continues its surgery tour of the UK by visiting Edinburgh and Aber...
Ofcom extends deadline
The telecommunications regulator Ofcom has extended the deadline for telecom providers to reduce the...
Before you leave ..
Succession planning
KPIT Cummins targets MI compliance
An India-based firm has developed a compliance software package designed to help brokers meet their ...
Biba signs Geldof for 2008
The British Insurance Brokers' Association has announced that Sir Bob Geldof will be one of the main...
Risk perspectives - Ensuring H&S hits the right spot
Health & safety (H&S) is a serious matter. With more than 2.2 million days lost last year due to wor...
FTSE 100 value risk reporting
FTSE 100 companies are reporting risk above and beyond what the UK's regulatory regime requires, acc...
Insurers take on Big Brother stance in light of Goodwill
Insurers have been putting increasing pressure on brokers to disclose their full trading accounts, i...
Arrow Syndicate reveals Lloyd's plans
Arrow Syndicate 1910 has revealed it plans to enter the Lloyd's insurance market in January 2008. Ar...
FSA closes Manchester insurance broker
A Manchester insurance broker has been closed by the Financial Services Authority (FSA) after invest...
A fresh take on tax
As the deadline for the removal of Goodwill from capital resources calculations approaches, John Detheridge highlights the areas of concern for brokers and questions whether the move is as bad as the industry first thought
Weathering the CGT storm
The recent changes in Capital Gains Tax (CGT) may well prompt a number of brokers to consider sellin...
Brokers warned over earn-out Capital Gains Tax trap
Brokers rushing to sell their businesses before Business Asset Taper Relief expires on 5 April 2008 may still be caught by the increase in Capital Gains Tax (CGT) announced in the Pre-Budget statement if they plan to use an earn-out agreement warns CLB…
Chubb restructures London operation
Chubb Insurance has reconfigured its London office operations, a move which it claims reaffirms its commitment to independent brokers providing them with dedicated access and expertise.
Fortis joins Uinsure home insurance panel
Fortis has announced it has become the fourth member of Uinsure’s home insurance panel.
Biba concerned with FSCS funding changes
The British Insurance Brokers’ Association (Biba) has expressed concern that its members may be forced to help compensate the customers of Northern Rock, were the bank allowed to default, under new funding arrangements for the Financial Services…
IIB slams Law Commission consultation
In its response to the Law Commission, the Institute of Insurance Brokers (IIB) stated that it does not believe any amendments to insurance law should attempt to confer different rights to private and business policyholders (or any combination of the two…
Ace appoint UK distribution director
Ace UK has announced the appointment of Patrick Drinan as UK and Ireland national distribution director.
FSA close down Manchester broker - directors banned
A Manchester insurance broker has been closed by the Financial Services Authority (FSA) after investigations revealed that the firm was selling insurance without underwriting in place, leaving clients uninsured.
Arrow Syndicate 1910 to enter Lloyd’s market
Arrow Syndicate 1910 (Arrow Syndicate) is to enter the Lloyd’s insurance market in January 2008. Arrow Syndicate, which is a Goldman Sachs business, has obtained approval in principle from the Lloyd’s Franchise Board to begin writing for the 2008 year of…