The UK financial services sector is one of the largest contributors to UK gross value add (GVA)1 and is one the largest and oldest global financial centres.
Innovation continues apace within the sector as established groups, entrepreneurs and disruptors respond to changing domestic and global markets and new opportunities are identified. Such innovation has contributed to a diverse and evolving financial services sector with differing professional and business advisory needs.
Recognising the range assurance and advisory requirements of the sector we have a multidisciplinary team who are able to support and provide assurance to new market entrants through to premium listed entities.
We focus on the following sub-sectors:
1 Calculated by ONS
We worked with a successful US reinsurance broker which was in the process of establishing an insurance intermediary business in London with a small staff and some US secondees. We worked with the client to provide a full back office solution including payroll, international mobility services, management accounts, compliance outsourcing, tax and audit. We provided the client with one main point of contact and our assistance enabled the firm to concentrate its resources on building its business in the UK.
We assisted a UK Authorised Payment Institution with a review of its anti-money laundering systems and procedures. Our review included an assessment of the FCA and HMRC requirements against the firm’s business practices culminating in a written report of our findings together with recommendations.