Weekend Reading For Financial Planners (Jan 28-29)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses. By switching to 501(c)(6) nonprofit status, the new CFP Board of Standards will have […]
Editor’s Comment: Rise in firm failures must stop
The year has not started well for the adviser sector with nearly a dozen firms already declared as failed by the Financial Services Compensation Scheme. I know this infuriates the vast majority of decent, highly qualified and hard working Financial Planners. Month after month they have to look on as a procession of often dismal […]
Pension tax reform needed to meet Hunt’s plan
Pension experts have called for pension tax reform to help meet Chancellor Jeremy Hunt’s call to get more people back into work, including older workers, to help Britain. Mr Hunt was setting out his long-term vision for how to boost the UK’s economy. In his first big speech since November’s Autumn Statement today, he said […]
Raymond James’ recent advisor hiring slows, but ‘very large teams’ soon to join
Auto-enrolment thresholds frozen for 2023/24
The government has confirmed that, after its latest review, auto-enrolment thresholds will be held at their current levels for the next year. It means the automatic enrolment earnings trigger will remain at £10,000. Meanwhile the lower earnings limit of the qualifying earnings band will remain at £6,240 for 2023/24 and the upper earnings limit will […]
Kitces & Carl Ep 104: How Do You NOT Grow (And Finding The Constraints To Help Say No)
For many financial advisory firm owners, growth is often the primary goal in the early years of launching a business. However, at a certain point, initial business growth goals will have been met, leaving the business owner at a crossroads of deciding where to take the business next – should they maintain the firm’s current […]
Work is the new retirement, even for the rich
Ex-Janus Henderson analyst charged with insider dealing
A former analyst at asset manager Janus Henderson has been charged along with four others with conspiracy to commit insider dealing and money laundering from which they pocketed £1.5m. Redinel Korfuzi, 35, has been charged with offences that occurred between 17 December 2019 and 25 March 2021. The Financial Conduct Authority has alleged that Mr […]
Creating A (Just In Case) Game Plan For Clients Facing Layoffs
With the U.S. economy predicted by many experts to slow down in the near future, many people’s thoughts have turned to the prospect of a recession. And along with those expectations may come concerns for those still in the workforce about the possibility of layoffs, and needing to get by without income for an unknown […]