The FCA has fined Gatehouse Bank, a Shariah-compliant challenger bank, £1.5m for poor anti-money laundering checks. The regulator reported today that it had fined Gatehouse Bank Plc £1,584,100 for “significant weakness” in its financial crime systems and controls. The bank failed to carry out sufficient money laundering checks on transactions from countries with a higher […]
Archives for 2022
Continuum assets up 9% despite tough market
Fast-growing national IFA firm Continuum, which has recruited heavily in recent years, has reported assets under influence up 9% year-on-year to £1.53bn. In its latest quarterly figures, the company – acquired by M&G Wealth in August – said the growth was pleasing against a difficult market backdrop. For the quarter ending 30 September Continuum reported: […]
Budd to step down as wellbeing institute chair
Chris Budd, the founder of the non-profit Institute for Financial Wellbeing, is to step down as chairman after three years. Experienced Financial Planner Ruth Sturkey, currently vice chair, will take over as chair. The group was founded in 2019 by Chris Budd, the founder of Financial Planning firm Ovation Finance, to promote and encourage wellbeing among […]
FCA warns over cloned Schroder income fund
The FCA has warned that scammers have cloned a popular Schroders’ fund and are trying to con investors out of their money. Scammers have set up a cloned version of the Schroders Income Growth fund (SCF) plc to lure investors into transferring their money. The genuine Schroders fund has £220m invested and is a popular […]
Small business bookkeeping for dummies
Ok, so you’ve finally got your small business idea off the page and into the real world. You did it! Nice job. But now that you’re consumed with providing your goods, building a brand and turning over some cash, you might have forgotten the lurking reality in the background – bookkeeping! Bookkeeping may not be […]
8.7% Social Security boost drives concerns about tax bills, Medicare premiums
Is your investment philosophy mantra media-ready?
Enjoy the Social Security bump now. You’ll pay later
Most HNW clients to tap housing wealth for retirement
More than eight out of 10 High Net Worth clients (84%) expect to use housing wealth to fund at least part of their retirement, according to a new survey. On average, HNW investors says they plan to fund half (49%) of their retirement costs by using housing wealth. One in 50 say they will be […]
Most HNW clients to tap housing wealth for retirement
More than eight out of 10 High Net Worth clients (84%) expect to use housing wealth to fund at least part of their retirement, according to a new survey. On average, HNW investors says they plan to fund half (49%) of their retirement costs by using housing wealth. One in 50 say they will be […]