Strategic Report
Governance Report
Financial Statements
Company Financial Statements
Some of the Committee’s key considerations are outlined in the table below:
Main activities during the year Risk assessment
Reviewed risks faced by the Group, including emerging risks with particular focus on operational, investment, resilience, outsourcing and suitability risks that may impact the Group’s business model, future performance, solvency or liquidity and reputation.
Risk management and internal controls
Reviewed the adequacy and effectiveness of the Group’s risk management and internal control systems.
Third-party risk management
Reviewed the third-party outsourcing oversight process by the first and second line, particularly the impact to the firm as it embeds a new operating model.
Regulatory development
Reviewed key risks in relation to regulatory change with specific focus on further embedding the Consumer Duty and TCFD.
Annual suitability reviews
Reviewed the Group’s approach and completion rates for annual suitability reviews.
ICARA
Reviewed the ICARA process undertaken in the year, including the material harm scenarios, stress tests and the level of capital and liquidity resources required.
Client money and assets (“CASS”) framework
Reviewed the structure and operating effectiveness of the Group’s CASS framework.
Focus for FY26 The Committee will continue its focus on any emerging risks that may materialise. Key areas of focus will be monitoring investment and suitability risks and any risks that may arise in relation to relation to the integration of Group’s acquired firms. The Committee will also support the Board in reviewing enhanced risk management and internal control reporting, in relation to changes to the UK Corporate Governance Code, which will apply for the financial year beginning 1 July 2025.
Approval This report, in its entirety, has been approved by the Committee and the Board of Directors on its behalf by: Robert Burgess Risk and Compliance Committee Chair 3 September 2025
Brooks Macdonald Group plc Annual Report and Accounts 2025
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