Blog

More and more businesses are closing their physical premises either as part of a stress-test to prepare for a time when they’ll make the decision to ask staff to work from home, or because that decision has already been made as the number of coronavirus cases increases. Working in isolation from colleagues who you are […]

John Powell, Managing Director and owner of Powell Commercial, made the decision to join Broker Network in 2018. Now, more than a year on, John discusses how he has found being part of the UK’s largest broking Network. Smooth transition We feel that the move to Broker Network went very smoothly. We have settled in […]

Mike Ellis, Managing Director of BNU, explains why Mid Net Worth represents a big opportunity for Broker Network Members. Within the household market, most customers buy standard products directly from the insurer or broker. High Net Worth individuals, though, have had access to bespoke products for many years. The market long ago developed propositions based […]

Firms must be satisfied that these staff are fit and proper prior to FCA approval (where applicable). Once approved and in their post, the firm must complete Fit and Proper assessments on an on-going basis, at least annually.

We’re looking one of things that you need to bear in mind for SM&CR, and that is Senior Management Functions.

On 9th December, the new Senior Managers and Certification Regime (SM&CR) will be extended to include solo regulated firms, this includes Insurance Intermediaries. But what does this mean for brokers? Do you have staff who fall under the regime? The SM&CR regime applies to individuals whose job the FCA regards as having the potential to […]