When it comes to your business, you want to know if your investments were worth it. To do that, you may need to calculate some business ratios, like return on equity. But, what is return on equity, and how does it work? And, what is the return on equity formula? Let us give you the […]
Archives for October 2021
FCA bans “reckless” pension transfer adviser
The FCA has banned financial adviser Omar Hussein and fined him £116,000 for “reckless and unsuitable” pension transfer advice. Mr Hussain was a former director and senior financial adviser at pension switching firm Consumer Wealth Ltd (CWL). Mr Hussein has been banned from financial services indefinitely and fined for putting at risk an estimated £13.5m […]
PFS board criticises parent CII as review begins
The Personal Finance Society board has voiced criticism of its parent body, the Chartered Insurance Institute, as a review of both bodies’ future strategies gets under way. The two organisations have been at loggerheads over CII plans to ‘deregister’ the PFS as a separate company to bring the two bodies closer together, streamline decision making […]
PFS board criticises parent CII as review begins
The Personal Finance Society board has voiced criticism of its parent body, the Chartered Insurance Institute, as a review of both bodies’ future strategies gets under way. The two organisations have been at loggerheads over CII plans to ‘deregister’ the PFS as a separate company to bring the two bodies closer together, streamline decision making […]
55% rise in new SIPPs business at Dentons
SIPP provider Dentons Pensions has reported a 55% rise in new SIPPs business pushing its total number of schemes above 7,800. In its H1 trading update the firm says it saw continued growth in the first half. The firm said that new business was up 55% on the same period last year, with non-standard assets […]
FCA chair Charles Randell to step down early
The FCA is hunting for a new chairman to replace Charles Randell who will step down in the Spring, a year earlier than planned. Mr Randell tendered his resignation to Chancellor Rishi Sunak and will quit as chair of the Financial Conduct Authority (FCA) and its sister Payment Systems Regulator (PSR) in about six months. […]
HL client numbers move closer to 1.7m
Investment platform Hargreaves Lansdown signed up 23,000 new clients in the last quarter to push up its total number of active clients to 1.677m, the firm reported today. In a trading statement, the Bristol-based firm it had seen robust growth during the quarter although revenue was down slightly by 1% to £142.2m. Net new business […]
Business Update – 15 October 2021
Welcome back to our first Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Sydney Reopens After Months of […]
5 Ways to Recover After a Financial Setback
How to recover the business after a financial setback? You started your business with plans of earning a living and being successful, but an unfortunate fact of business life is that companies suffer financial hardships. Whether those hardships are pandemic-related or linked to other urgent situations, the effect is still the same. Your finances […]
