The Bank of England has today increased its base rate by 25 percentage points from 0.5% to 0.75%. At its meeting ending on 16 March, the MPC voted by 8-1 to increase the Bank Rate by 0.25 percentage points, to 0.75%. One member wanted to maintain the Bank Rate at 0.5%. In February, the Bank […]
Archives for March 2022
Business Update – 16 March 2022
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Entry Ban for Cruise Ships to Be Lifted After two years, the government announced that it would lift its entry ban for international cruise ships next month. This could potentially boost a tourism […]
Asking ‘Have You Worked With An Advisor Before?’ To Uncover What Prospects Really Value Most
When meeting with a prospective client for the first time, two of the advisor’s primary goals include making a positive impression on the prospect and determining whether the prospect will be a good fit. However, if the prospect feels nervous about the advisor potentially judging their previous financial decisions, they might become uncomfortable or defensive […]
Nearly 500 pension transfers trigger anti-scam interviews
A total of 488 people have so far completed a Pensions Safeguarding Guidance anti-scam interview since the new FCA pension transfer rules were introduced at the end of November. Under the new rules, pension schemes are required to check transfers to see if they trigger red or amber flags, indicating the potential for scams. Should […]
Planners concerned about threat of base rate rise
Financial Planners have shared concerns about the potential impact of a further rate rise by the Bank of England tomorrow. A further rise could be disastrous for the personal finances of many without curbing the inflationary pressures we are seeing, according to Financial Planners. Adrian Kidd, Chartered Wealth Manager at EQ Financial Planning, said he […]
Goalsetter CEO Tanya Van Court on firm’s wealth plans with big backers
Overstocking? Understocking? Calculate Your Inventory Turnover Ratio to Find Out
Think you’re doing too much purchasing and not enough selling? Or, think you’re selling too much and not buying enough? There’s only one way to be sure, and that’s by finding your inventory turnover ratio. What is inventory turnover? Inventory includes all the goods you have for sale and in storage, such as raw materials, […]
Woodford wind up may not complete until 2023
Investors in the former Woodford Equity Income fund may have to wait until after the end of 2022 to see the wind-up of the fund completed. In an update, the fund’s authorised corporate director, Link Fund Solutions, said the wind up may not be concluded until 2023. It said the delays in liquidating the remaining […]
Woodford wind up may not complete until 2023
Investors in the former Woodford Equity Income fund may have to wait until after the end of 2022 to see the wind-up of the fund completed. In an update, the fund’s authorised corporate director, Link Fund Solutions, said the wind up may not be concluded until 2023. It said the delays in liquidating the remaining […]
#FA Success Ep 272: Streamlining Operations And Workflows With The Advisor CRM As The Centralized Hub, With Kate Guillen
Welcome back to the 272nd episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Kate Guillen. Kate is the founder of Simplicity Operations Management, a consulting firm based in San Diego, California, that specializes in helping advisory firms get the most out of their CRM systems and streamline their internal operations […]