Insurance intermediaries

In the first of a series of regular articles for Insurance Age, our Tax team look at the impact of Brexit on UK insurance.

An analysis of Budget 2021 from the perspective of insurance brokers from our Head of Tax, Chris Riley.

It’s easier to look back on tax changes than know what’s on the horizon. But our Head of Tax, Chris Riley, makes some predictions.

Many insurance firms have coped well with the effects of the pandemic. But, as the fallout continues, what should their focus be this year?

What should brokers and MGAs be looking out for from the tax world?  Here’s our digest.

Insurance intermediaries may have forgotten, or be unclear, about the FCA’s letter issued in the autumn. Here’s a reminder.

In an address to Parliament on 9 November 2020, the Chancellor confirmed that the government will…

The critical moment is approaching. From 1 January 2021, only an EU regulated insurance carrier or intermediary may undertake EU insurance work.

Many insurance brokers are likely to be affected by new rules for employment status workers hired via an intermediary. The Government is to review these changes, which may delay their scheduled introduction in April. Whichever way, Chris Riley explains how to prepare.

Since its introduction in October 2018, the Insurance Distribution Directive (IDD) is proving more difficult to implement that expected. David Allison of Compliance Management Services reports on the sticking points.

In June 2019, the FCA published its consultation paper CP19/20 ‘Assessing Adequate Financial Resources’.

Even assuming an EU:UK Trade Agreement comes into force on 31 December 2020, the insurance sector is unlikely to benefit. Howard Jones explains why setting up a NewBro is the best solution to keep control of corporation tax and VAT.

The Senior Managers & Certification Regime (SM&CR) came into effect on 9 December and affects all insurance intermediaries. Samiha Shaikh provides a checklist that will keep you in line with the specifications.

It’s important to execute a non-statutory trust (NST) deed correctly to ensure client money is properly protected. Insurance lawyer, Carol-Ann Burton provides some tips.