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Broking Business: Summer 2022

Welcome to our latest issue of Broking Business. The FCA has published the findings of its Thematic Review on wind-down planning in TR 22/1 – observations on wind-down planning: liquidity, triggers and intra-group dependencies. In this edition, we help you navigate the key points.

Whether through regulatory pressure, for commercial gain or because of changes to working practices, there are many reasons why internal audit is not just for large insurance intermediaries. So why should you consider an internal audit function? Richard Willshire, Director in our Governance, Risk and Control Assurance team explains.

To keep up with technology and support UK innovation, the Government is revisiting Research and Development (R&D) tax relief. Howard Jones explores which reliefs you could claim.

Equality, Diversity and Inclusion (EDI) is not just about box ticking. Nick Borzenko, Senior Manager in our Governance, Risk and Control Assurance team, explains why the insurance sector cannot succeed without it.

VAT is often the Cinderella of taxes among insurance brokers. Natalie Braier, VAT Manager, highlights the three reasons why it deserves much more attention than
it gets. 

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.