Financial Planners have warned that better planning is needed to help thousands avoid steadily rising Inheritance Tax bills as more estates are caught by the death tax. Latest government figures show that receipts for the period April 2021 to November 2021 were £4.1bn, £600m higher than in the same period a year earlier. IHT receipts […]
Archives for 2021
SEC highlights form CRS issues as fiduciary, language experts call for deeper change
How to get started as a virtual bookkeeper in 7 steps
Are you new to virtual bookkeeping? Maybe you’re not even officially a new bookkeeper yet, but you’re seriously thinking about it. If you are starting your journey into the virtual bookkeeping field (or you’re considering it), in this article we’ll go over how to get started as a virtual bookkeeper in 7 steps. The benefits […]
What Are Gross Receipts, and What Do You Need to Know Them For?
At some point or another, you may need to know your gross receipts for certain situations, like taking out a loan. But, what are gross receipts exactly? And, how do you calculate them? Let’s get into the nitty gritty of gross receipts. What are gross receipts? Gross receipts include the total amounts your business or […]
Workplace pension savers shunning ESG funds
Most workplace pension savers are failing to shift their money into ESG or sustainable funds, according to new research. Pension consultant Barnett Waddingham, which carried out the research, has called for more efforts to make ESG funds default funds. So far BW says that “very few” of the 18m people auto-enrolled into workplace pensions are […]
Quilter Foundation donates £50k to help starving Afghans
The Quilter Foundation, the charitable arm of wealth manager and financial adviser Quilter, is donating £50,000 to the international appeal for Afghanistan launched last week by the Disasters Emergency Committee (DEC). The DEC warns that 95% of people in Afghanistan do not have enough to eat and over 3m children under five are expected to […]
Fintel boosts fund manager partnerships to 13
Fintel, the fintech which owns SimplyBiz and Defaqto, has signed up fund managers Premier Miton and Carmignac to join the investment firms using its managed distribution service launched earlier this year. Fintel has also signed partnerships with Aviva and Aviva Investors and deals with Fidelity, Just, Guardian, Schroders and Tatton during 2021. Premier Miton and […]
FCA plans to fine hedge fund £40.8m
The Financial Conduct Authority has published a Decision Notice set to impose a provisional fine of £40.8m against hedge fund firm BlueCrest Capital Management (UK) LLP for conflict of interest failings. BlueCrest has appealed and referred the case to the Upper Tribunal which will determine what action, if any, the FCA can take. The FCA […]
FCA plans to fine hedge fund £40.8m
The Financial Conduct Authority has published a Decision Notice set to impose a provisional fine of £40.8m against hedge fund firm BlueCrest Capital Management (UK) LLP for conflict of interest failings. BlueCrest has appealed and referred the case to the Upper Tribunal which will determine what action, if any, the FCA can take. The FCA […]
XPS to buy Manchester SIPP firm for £3.75m
XPS Pensions Group, the actuarial, consulting and admin business, is to acquire the business and key assets of Manchester-based SIPP and SSAS provider Michael J Field Consulting Actuaries for £3.75m. XPS will pay £2.25m on completion of the deal, expected in February, and then contingent consideration of up to £1.5m. The deal will be funded […]