Archives for December 2022
Weekend Reading For Financial Planners (Dec 17-18)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that CFP Board is forming a Competency Standards Commission in 2023 to review and evaluate its competency requirements for Education, Examination, Experience, and CE, which represents an opportunity for CFP Board to adjust its requirements, in […]
Editor’s Comment: Planning is place to be in ’23
There is no getting away from the fact that 2023 will be a very busy year for Financial Planners and that, despite the grim economic backdrop, there are some positive signs. Just to mention two key changes for planners coming up over the next 12 months; next year will see the Consumer Duty take […]
FOS plans to freeze levy and case fees
The Financial Ombudsman Service plans to freeze its fees for 2023/24 at this year’s level due to the economic pressures facing firms. In a consultation paper published today the complaints body said it planned to use reserves to keep fees down. The freeze comes despite a predicted rise in investment and pensions complaints, with several thousand […]
WH Ireland slips into the red
Wealth manager and Financial Planner WH Ireland made a pre-tax loss of £380,000 over the past half year as revenue slumped due to market turmoil. Despite the setback the firm said it remained resilient and plans to invest more in its growing Financial Planning arm. The company made a statutory pre-tax loss of £380,000 compared to […]
Unbiased to get £5m in new investment
Unbiased, the adviser directory, is to launch additional products and services and to look at international expansion after receiving £5m in new investment from YFM Equity Partners (YFM). The new injection of cash means that YFM has invested £10.6m in Unbiased since 2019. The latest £5m follow-on investment will help Unbiased expand its range of services, YFM said. […]
High earners in Scotland to pay more tax
Today’s Scottish Budget saw middle and higher earners hit with an additional tax bill from next year. Scotland’s Deputy First Minister John Swinney MSP confirmed the changes today at the Scottish Parliament. The changes will mean higher earners paying more in tax and tax thresholds frozen for higher earners or reduced. Among the key income […]
The 9 Biggest Bookkeeping Mistakes Small Businesses Make (and How to Avoid Them)
Keeping your financial records organized can’t be something that falls by the wayside — it’s a priority when it comes to success and growth. Here’s why.
The 9 Biggest Bookkeeping Mistakes Small Businesses Make (and How to Avoid Them)
Keeping your financial records organized can’t be something that falls by the wayside — it’s a priority when it comes to success and growth. Here’s why.
Kitces & Carl Ep 101: Where Are All The Proudly Premium-Fee Advisors
For the better part of a decade, the financial services industry has anticipated the coming of fee compression, mainly due to the rise of robo-advisors offering low-cost automated wealth management services. Yet even though fee compression has not been fully realized to the extent the industry has generally expected, lower cost robo-advisor services have still […]