FSA Financial Regulation Facility Available to BIBA Brokers

British Insurance Brokers’ Association (BIBA) members will now have access to additional expert financial compliance advice following the conclusion of a deal with the providers Marsh Corporate Consulting Limited. The exclusive service will help members with FSA compliance by providing assistance with the financial areas of regulation. As part of the deal, BIBA members will have access to preferential rates.

The new service will be added to BIBA’s existing range of schemes and facilities available to its 2,000 members. The latest addition will provide advice to brokers of all sizes on a wide range of financial compliance issues and includes access to a modelling system that reports on:

- professional indemnity self-certification;

- client money and assets;

- regulatory capital; and

- other key issues that are essential for compliant companies.

Steve White, BIBA’s Regulation and Compliance Manager, commented, “We are extremely pleased to be able to offer our members this innovative solution to financial compliance. We believe that it will provide directors and owners with the high level of expert guidance they require and expect it to be well received by our members.”

Marsh Corporate Consulting’s founder and Chief Executive Officer Kieran Marsh said, “We are delighted to work in partnership with BIBA to bring fully outsourced solutions to its members. It is naturally important for their peace of mind that they can ensure their FSA Financial Compliance meets the highest possible standards.”

BIBA members wanting more details on the new service should contact BIBA on 0844 77 00 266 or visit the website www.biba.org.uk

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British Insurance Brokers' Association

BIBA is the UK 's leading broker and intermediary organisation, representing professional insurance brokers, intermediaries and their customers. Our member firms, totaling over 2,000, with almost 50,000 individual brokers and intermediaries, handle more than half by value of all UK General, non-Life Insurance policies - home, contents, motor, travel, commercial and industrial.  Our expanding membership reflects all areas of intermediary activity - from small high-street companies to top Lloyd's firms and the leading international brokerages. BIBA is committed to playing a central role in the industry, from providing business backing and training for British brokers through to media liaison and high-level industry representation.  We also actively participate in helping the industry and its customers deal with some of the major insurance issues of the day – Regulation, Flooding, Liability, and Terrorism.  BIBA members operate to a very high standard of customer service with the aim of ensuring peace of mind, security, financial protection and the professional advice required. Our dedication to advancing the professionalism and profile of the broker together with the industry is reflected in all our core business and communication activities. Our vision is to ensure that the high standards of business associated with the broker and intermediary are consistently maintained. Authoritative, independent and impartial, BIBA is uniquely relied upon by brokers and customers and supported by the UK 's leading insurance companies

Marsh Corporate Consulting Limited

Our business, established in 1990, has helped hundreds of businesses to excel by bringing clear and dynamic focus to the forefront of business decisions. We have extensive experience of working within the insurance sector, including leading Insurers, Lloyds brokers and general insurance brokers. Kieran Marsh, founder and Chief Executive Officer has also served as the Group Financial Director for one of the country's leading regional brokers.

We have developed a unique relationship within the insurance sector and offer FSA Financial Compliance to insurance brokers of all sizes. We believe our knowledge, software and approach to financial compliance is unparalleled in terms of cost and quality.

In addition to our FSA Financial Compliance service we have a dedicated corporate finance division offering advice and services on acquisitions and disposals, succession planning strategies and advanced reporting systems.