October 30th, 2012 / Insight posted in

Insurance intermediaries

The insurance broking arena has become increasingly challenging in recent times due to continued change in solvency and capital adequacy regimes, increased competition as a result of market consolidation and from online price comparison sites, and the intense scrutiny over brokers’ handling of client money by the FSA.

Kingston Smith’s Financial Services Sector Group provides leading audit and advisory services to insurance brokers in the UK. With substantial fines now being handed out to firms who do not control client money correctly it is vital to appoint an auditor who has a complete understanding of the FSA’s rules and is abreast of regulatory changes. Our specialist audit staff and compliance consultants can guide insurance brokers through the regulatory maze and provide expert assurance services which the FSA give credence to.

We provide specialist services to insurance brokers in the following areas:

Audit and advisory services

  • Audit and statutory accounts preparation
  • Governance, risk and assurance
  • Corporate finance
  • Outsourced book-keeping
  • Tax compliance and iXBRL filing
  • Tax planning and advice
  • Payroll and HR support
  • Strategic business advice and support

Tax and employer services

  • Tax compliance services
  • Tax accounting and tax disclosure for audit (including Fin 48 studies)
  • Tax risk management and health-checks
  • Tax enquiries and compliance checks
  • Transfer pricing reports and reviews
  • Mergers & Acquisitions and due diligence
  • Tax structuring (UK and international, inbound, outbound and hybrid)
  • Partnership tax
  • Reorganisations, restructuring and share buy-back
  • Structuring and implementing employee benefits and share schemes
  • Employee remuneration planning
  • HR consultancy including employee performance issues, drafting policies and dispute resolution
  • Estate planning including wills, trusts, probate and philanthropy

Risk management and business protection consultancy

Kingston Smith Consulting LLP provides solutions to the threats and challenges faced by our clients, helping them develop the capability they need to control their exposure to risk and protect and grow the embedded value of their businesses. We offer cost-effective solutions to our clients, utilising highly experienced personnel, in the areas of:

  • Legal and regulatory compliance
  • Risk frameworks and management
  • Controls assurance
  • Technology risk management
  • Business continuity management
  • Third party sourcing
  • Payment card industry data security standard