What Is a Life Coach? A life coach basically supports people to be the best they can. Through lots of advice and plenty of encouragement, life coaches help their clients make key decisions about their personal or professional lives. Can Anyone Become a Life Coach? Please note – life coaching is an unregulated industry. On…
As regulated businesses, insurers and insurance brokers must meet certain anti-money laundering (AML) commitments. In this post we’ll take a look at the sort of AML trends that might impact regulated businesses like yours. Artificial Intelligence in Anti-Money Laundering Processes – New Opportunities and Threats Artificial intelligence (AI) is quickly transforming the way we live…
According to Statista, in 2023 the average cost of a data breach for UK businesses was £1,100. These were largely the result of fraudulent emails or other messages, known as phishing attacks, which are responsible for some 80% of all UK security breaches. A data breach carries much more than an immediate financial cost, though….
You have until midnight on 31 January 2024 to submit your self-assessment tax return online. This would be your return for the tax year starting on 6 April 2022 and ending on 5 April 2023. In this post we’ll discuss some of the other deadlines you need to be aware of, while addressing some other…
If you offer management consultancy services, you’ll face numerous professional risks in your line of work. This could result in your clients making a claim against you. The right insurance can cover you for most claims, ensuring that you or your business will be able to bounce back from nearly anything. In this post we’ll…
Professional indemnity insurance can be a vital line of defence for all business owners. Whether you’re an independent contractor, a freelancer, a sole-trader, or the managing director of a small business, you should consider getting professional indemnity insurance cover. It affords essential protection no matter what industry you work in. Specialist Industry Guides to Professional…
The Financial Conduct Authority (FCA)’s Treating Customers Fairly (TCF) guidelines apply to every financial services provider that they regulate. In this post, we’ll discuss how insurance brokers can implement these TCF guidelines through exploring the six outcomes that the FCA wishes to result from their initiative. What is the TCF Initiative? The FCA’s TCF initiative…
If you’re a company director, you have a number of options for drawing income from your company as a directors salary. Mainly, it’s a choice between whether you pay yourself a salary, or you take dividends as your income – or you might choose a combination of the two. On top of this, you can…
The Financial Conduct Authority (FCA) is one of the major bodies responsible for regulating insurers and other financial agencies and has published rules on Consumer Duty. They set regulations that anyone who wants to sell, arrange, or advise on certain financial products must meet. What is the FCA Consumer Duty? The FCA’s Consumer Duty is…
If you’re a freelance self-employed graphic designer, then the right insurance can cover you for all the risks you might face in your work. Professional indemnity insurance is particularly important for graphic designers. In this post we’ll explain what professional indemnity insurance is and why you need it, before discussing some of the other insurance…