Welcome to our latest issue of Broking Business. In recent years, many insurance intermediaries have needed to consider their international operating structures as a result of Brexit. But that’s by no means the end of the story.
Now, more than ever, brokers need to take extra care on cross-border dealings and Tax Partner, Howard Jones focusses on what you need to know. Howard also discusses how you can ensure contractors are not avoiding tax – following HMRC’s update to it’s Corporate Criminal Offence policy.
Regulation is never far from the top of most intermediaries’ agenda. CASS 14 is unlikely to affect many insurance intermediary TP firms; however, it’s important to ensure you’re not caught out, so we’ve given an overview of the rules and what they could mean for you. Wind-down planning has certainly been a discussion point this year. Regardless of size or financial position, all brokers need to have a wind-down plan and we discuss why, for some, this needs to be a higher priority.
We also feature an article by Richard Willshire who recently joined our Governance, Risk & Control team as a Director. Richard shares his specialist intermediary knowledge in discussing customer protection and price walking, and how intermediaries can gain assurance that they are addressing the FCA’s concerns.
And as 2021 draws to a close, Will Lanyon, Director in our Transaction Services team, reflects on why investors’ appetites seem to be remaining strong and what that might mean for 2022.
We hope you find this edition useful and thought provoking. As always, please contact any of the team to discuss how we can support your business and, as always, do let us know your thoughts on future topics.
We also like to use this opportunity to announce our appointment of our new Governance, Risk, and Control Assurance Director. Richard Willshire brings a wealth of experience through his time at Grant Thornton and, prior to this, in the in-house internal audit team with JLT.
Richard’s responsible for enhancing our GRC services across the insurance intermediary sector.