The FCA has banned financial advisory firm director Jon Frensham (formerly known as Jonathan James Hunt) from performing any regulated activity after his conviction for a child sex offence. The FCA said Mr Frensham, an independent financial adviser and the sole director at Frensham Wealth Limited, lacked the integrity to work in financial services. […]
Archives for September 2021
FCA bans IFA after child sex offence
The FCA has banned financial advisory firm director Jon Frensham (formerly known as Jonathan James Hunt) from performing any regulated activity after his conviction for a child sex offence. The FCA said Mr Frensham, an independent financial adviser and the sole director at Frensham Wealth Limited, lacked the integrity to work in financial services. […]
MassMutual fined for failing to supervise ‘Roaring Kitty,’ former agent who led meme stock frenzy
How to Calculate Annual Business Revenue 101
Being a business owner means tracking profits, losses, annual business revenue, and more. But beyond knowing how to track these, how do you calculate the figures you need? And, how do you calculate your annual business revenue? Read on to learn the ins and outs of annual business revenue. What is annual business revenue? Before […]
Schwab bests BofA and AIG in J.D. Power’s first digital 401(k) study
FCA and TPR outline DC value for money framework
The Financial Conduct Authority and The Pensions Regulator have published a joint discussion paper on building a common framework for measuring value for money in DC pension schemes. The FCA and TPR have proposed a common framework for disclosing information on investment performance, scheme oversight (including data quality and communications), and costs and charges. The […]
Half of clients wish they had taken financial advice earlier
Half of clients polled by Financial Planning firm Fairstone said they wised they had started taking financial advice at a younger age. An overwhelming majority of clients (98%) said they thought starting a financial plan as early as possible was beneficial. However, only a third of the youngest clients – those in their twenties – […]
Democrats’ tax plan kills backdoor Roths, sharply curbs founder stock loophole
Analyzing Biden’s New “American Families Plan” Tax Proposal
After months of anticipation with a ‘two-track’ process of infrastructure and separate tax legislation, Democrats on the House Ways and Means Committee released their tax proposals on September 13… and the measures are very different from what many expected! The legislation touches on a wide range of tax issues, from increasing the top ordinary income […]
Tax-News.com: EU To Table A Digital Tax Proposal In October
The European Commission has committed to tabling a proposal for a digital tax in October, whether or not an international agreement surfaces from OECD-led talks on new international tax rules for the world’s largest firms.