FEATURED INSIGHTS
Insurance intermediaries
News and insights for insurance brokers and MGAs
Our industry leading team are on top of accounting, tax and regulatory issues affecting your business. We share our knowledge through our quarterly in-person Broking Breakfasts, webinars to watch at your convenience, guides on current topics and a regular publication for the insurance intermediary community.
Learn more about our Insurance Intermediaries services.
Latest edition
Our insights
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Insurance Intermediaries: A guide to revenue recognition under FRS 102
Our guide to revenue recognition under FRS 102 outlines the comprehensive five-step model for revenue recognition and explains the accounting challenges for insurance intermediaries, focusing on common services and the potential implications.
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NIC rises and Payrolling of Benefits – Challenges and opportunities for insurance intermediaries
Discover how the NIC rises challenges impact businesses as employer contributions increase and new regulations come into effect.
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Should you sell your broking business to an Employee Ownership Trust?
Explore the benefits of an Employee Ownership Trust as a tax efficient exit strategy for broker owners seeking better incentives.
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Recent VAT tribunal might unlock significant input VAT savings for UK insurance intermediaries
Hastings Insurance’s VAT tribunal win might unlock significant input VAT savings, impacting UK insurance intermediaries positively.
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Broking Business – Winter 2025
Welcome to the latest edition of Broking Business – Winter 2025, featuring articles and industry updates from our Insurance Intermediary team.
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CASS 5: clarifying a few doubts
At our bi-annual meeting with the FCA, we asked for clarification on various CASS issues where we commonly receive push-back from clients when we raise breaches on these matters.
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What do the new tax changes mean for insurance intermediaries?
Last year Chancellor Rachel Reeves delivered the first Budget of the new Labour Government. Expected to be a significant fiscal event, it had been the subject of much speculation. We take a closer look at the impact for insurance brokers.
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Intermediaries: focus on VAT
VAT rules can be mind-boggling at the best of times. We highlight frequent areas of confusion for brokers and MGAs, and explain the relevant guidelines.
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The evolving landscape of the UK insurance broking sector
We examine the impact of these developments and assesses the potential for a soft market in insurance rates. We provided analysis for Insurance Age’s flagship annual ‘Top 100 Broker’s survey.
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Business Property Relief changes – the raid on owner managed brokers and what you can do
Understand the latest Business Property Relief changes and their impact on unquoted business owners and brokers.
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PKF contributes to Insurance Age Top 100 for 2024
Will Lanyon examines the impact of some of the recent developments in the insurance industry and looks ahead to 2025.
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Broking Breakfast: UK GAAP and CASS 5 updates
In this webinar, our experts shared insights on the latest UK GAAP changes and their impact on insurance intermediaries, along with updates from the FCA on CASS 5.
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UK GAAP: the latest updates for Brokers
The FRC published periodic changes to FRS 102 in March. So, what do these changes mean for you?
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An insight into the accounting challenges broking consolidators face
Acquiring another broking business has accounting consequences. We provide an insight to help guide you through the complexities.
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Non-statutory trust letters: don’t get caught out
The FCA is hot on the heels of firms that try to set up or run non-statutory trust (NST) client money accounts without the required auditor sign-off.
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Exemption from audit by parent guarantee: it could be right for you
Take up of the parent guarantee to bypass audits is relatively uncommon among insurance intermediaries. But take a closer look.
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Credit write-backs – a breach of trust law?
Timothy Goodger, partner at City law firm Elborne Mitchell LLP, considers why CWBs are under so much scrutiny.
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Employee share options: how they trigger tax
Whatever the circumstances of your wish to provide perks to staff, there are tax issues to take into account. We look at the common ways that brokers can provide share incentives and the key tax considerations.
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Privacy in check: the control advantage
We explore the benefits of a control-based approach to data protection. How does it contribute to a secure and compliant environment? And what new approaches have recently been approved in the UK?
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