Archives for 2021
eMoney reveals roadmap to help advisors ‘plan with purpose’
Pension Freedoms result in £800m overpaid tax
Latest HMRC figures show that £794m has been repaid to people overtaxed on flexible retirement withdrawals since the Pension Freedoms were introduced in 2015. Between July and September 2021 almost £45m was repaid to savers with an average reclaim of £3,352, according to analysis of the figures by AJ Bell. The overpayment in tax was […]
US private equity firm is new owner of Progeny
US-based private equity firm Further Global Capital Management is to acquire a majority stake in expanding Financial Planner Progeny for an undisclosed sum, a move which may accelerate Progeny’s expansion. New York-based Further Global Capital Management said today it would take a majority stake in the five-year-old Progeny business subject to regulatory approval. Progeny’s senior management […]
Mattioli Woods restores staff year-end bonuses
Mattioli Woods has reinstated staff bonuses this year after dropping them last year due to the pandemic. The firm said the business had recovered significantly since the pandemic and client confidence was returning. The company reported that the number of new clients added in the first four months of the current financial year exceeded the […]
FOS costs rise as waits lengthen
The average cost per case for the Financial Ombudsman Service (FOS) has risen to £1040 in 2020/21 from £920 the previous year. The FOS said it received a much larger volume of complaints about investment and pensions than it expected to in 2020/21. The ombudsman received 20,854 complaints related to investments and pensions over the […]
How to Build an Effective Financial Plan for Your Business
Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors so you can bring more money into your business. Read the […]
Ex-Wells Fargo advisor arrested in New Jersey on fraud charges
Capital Group, Vanguard partner with exclusive models for Morgan Stanley
6 Business Records to Track as an Entrepreneur
As a business owner, there are a lot of things to pay attention to when running your company. Payroll, hiring, bookkeeping … the list goes on and on. And, that list includes monitoring all of your business records. So, what are the most important business records to track? Business records to track The IRS requires […]