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Today’s news in brief – 16/2/2024

RMT Accountants and Business Advisors has joined Sumer, a UK accountancy group, creating regional hubs focusing on SMEs. Sumer’s shared ownership model allows regional leadership while benefiting from national scale. RMT, based in Gosforth, expands its team of 120, aligning with Sumer’s rapid growth plan and shared commitment to excellent client service.

Hazlewoods Corporate Finance has been ranked as a top 10 UK adviser by Experian, completing 112 deals in 2023. Despite a 12% drop in UK M&A activity, Hazlewoods secured top positions across regions, demonstrating resilience. The firm’s corporate finance team expanded to over 40 specialists, emphasising alternative exits, like management buyouts and employee ownership trusts.

Owen Mapley, CEO of Hertfordshire County Council, is appointed CEO of the Chartered Institute of Public Finance and Accountancy (CIPFA). With extensive financial and operational leadership in local and central government, Mapley succeeds Rob Whiteman. Mapley’s NHS board membership and diverse experience position him to lead CIPFA’s pursuit of sustainable and resilient public services globally.

The Financial Reporting Council (FRC) has consulted on proposed revisions to Technical Actuarial Standard 200 (TAS 200) to streamline and reflect recent regulatory developments in the insurance industry. Revisions support practitioners in considering the FCA’s Consumer Duty principle and remove redundancies addressed in the FRC’s General Actuarial Standards. The consultation remains open until 10 May.

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