Expanding Financial Planning firm Progeny has pledged to place ESG at the heart of its business and will aim ensure that all its investment managers undertake ESG qualifications. Sarika Dhanjal, head of training and competence at Progeny, told Financial Planning Today that ESG is one of the core focuses for her team who are also […]
Archives for October 2021
Retail investment fund inflows hit record £5.3bn
Retail fund sales topped £5.3bn in August, the first time retail fund sales in the month of August have exceeded £5bn, according to figures from the Investment Association. The August figure compares to inflows of £4.8bn for July. Gross retail sales through UK intermediaries, including financial advisers, totalled £6.6bn, representing a market share of 28%. Responsible investment […]
Retail investment fund inflows hit record £5.3bn
Retail fund sales topped £5.3bn in August, the first time retail fund sales in the month of August have exceeded £5bn, according to figures from the Investment Association. The August figure compares to inflows of £4.8bn for July. Gross retail sales through UK intermediaries, including financial advisers, totalled £6.6bn, representing a market share of 28%. Responsible investment […]
How Much Cash Does My Business Need?
Your business needs cash. Cash is what keeps your company in operation and enables it to grow, so you should know how much cash your business needs to survive. Although many people think the answer is linked solely to operating expenses, this isn’t the case. There is no single factor that determines how much […]
Americans have more than $460B in college savings plans. It’s not enough
Wesleyan sells bank arm to Hampshire Trust Bank
Specialist lender and savings provider Hampshire Trust Bank is to acquire Wesleyan Bank, the savings and ISA arm of Wesleyan Assurance Society. Wesleyan Assurance, a 180-year-old financial services mutual, decided to sell off its banking arm after a strategic review. The acquisition will see 115 employees of Wesleyan Bank transfer to Hampshire Trust Bank (HTB) […]
The Ins and Outs of a Budget Surplus
If you have more money at the end of the year than you expected, you might think you have a budget surplus. But, is that what a budget surplus actually is? Keep reading to find out what is a budget surplus, the budget surplus definition, and more. Generally, a budget surplus applies to governments and […]
10 ways RIAs and hybrids differ, by the numbers
NatWest faces hefty fine for money laundering
National Westminster Bank Plc has pleaded guilty to money laundering offences related to £400m transferred to a Bradford gold dealer. The bank entered guilty pleas at Westminster Magistrates’ Court this week to criminal charges brought by the FCA under the Money Laundering Regulations 2007 (MLR 2007). NatWest accepts that it failed to comply with regulation […]
Kitces & Carl Ep 70: The Paralyzing Fear Of Being Wrong (In Our Planning Projections)
Presenting a financial plan to a new client offers an opportunity for advisors to answer questions and problem-solve… and to build trust between an advisor and their new client. Clients rely on advisors to create plans that provide a clear path towards their financial goals. However, at the same time, advisors know that even the […]