Biba accounts show 2017 capital and reserves growth
Trade body held more than 100 events for members during the year.
Accounts filed at Companies House have shown that the British Insurance Brokers’ Association’s (Biba) capital and reserves grew to £3.21m in 2017 from £2.36m the year before.
The trade body explained that around £210,000 of the uplift was due to the improvement in the accounting valuation for the final salary pension scheme.
It added that with pension liability having a long term nature the position will have little immediate impact on day to day operations and that the valuations were
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