The Financial Conduct Authority has publicly censured Mohammad Ataur Rahman Prodhan, the former chief executive officer of Sonali Bank (UK) Limited (SBUK), for anti-money laundering failings. Mr Prodhan was the senior manager at SBUK with responsibility for the establishment and maintenance of effective AML (anti-money laundering) systems and controls. In 2016 the bank was fined […]
Archives for November 2022
3 in 4 advisers fail to evidence Financial Planning value
The vast majority of financial advisers focus too much on portfolio performance and fail to evidence to clients the value of their advice, a new study suggests. In an adviser survey on the impact of the Consumer Duty, wealth consultancy NextWealth says that advisers are too focused on investment performance. NextWealth surveyed more than 400 […]
The compensation that financial advisors are demanding right now
The compensation that financial advisors are demanding right now
PR Dispatch’s founder on how the platform is giving small businesses a voice
Every business, regardless of size, needs a voice. But smaller businesses find it harder to get out and promote their brands and services. This may be cost-related, or due to a lack of PR experience. Whether using in-house resources or an agency, PR is another expenditure for already-stretched owners. This is where PR Dispatch comes […]
Autumn Statement: Planners react
Financial Planners have welcomed a “skillful” budget but warned it will hit higher earners. Keith Churchouse, founder and Chartered Financial Planner at Chapters Financial, welcomed the announcements from Chancellor Jeremy Hunt and said the review of dividend allowances could lead Financial Planners to review their approach to General Investment Accounts. He added: “The reductions to […]
Autumn Statement: Planners react
Financial Planners have welcomed a “skillful” budget but warned it will hit higher earners. Keith Churchouse, founder and Chartered Financial Planner at Chapters Financial, welcomed the announcements from Chancellor Jeremy Hunt and said the review of dividend allowances could lead Financial Planners to review their approach to General Investment Accounts. He added: “The reductions to […]
Autumn Statement: Planners react
Financial Planners have welcomed a “skillful” budget but warned it will hit higher earners. Keith Churchouse, founder and Chartered Financial Planner at Chapters Financial, welcomed the announcements from Chancellor Jeremy Hunt and said the review of dividend allowances could lead Financial Planners to review their approach to General Investment Accounts. He added: “The reductions to […]
Autumn Statement: Tax-free allowance for dividends halved
Chancellor Jeremy Hunt has halved the tax-free allowance for dividends from £2,000 to £1,000 per year. It will be reduced further to £500 from April 2024. Keith Churchouse, founder at Chartered Financial Planner Chapters Financial, said the review of dividend allowances could lead Financial Planners to review their approach to General Investment Accounts. He said: […]
Kitces & Carl Ep 99: What Does It Take For You To Find The Confidence To Take Action?
For many financial advisors, improving business development strategies can be a challenging task to address. With the myriad tools available to advisors that help them analyze the potential outcomes of their ideas and strategies, collecting the data to do so has become easier than ever. At the same time, though, over-analyzing strategies prior to implementing […]