Why IFAs Should Stick to Financial Planning, Not Individual Share Advice
Independent Financial Advisers (IFAs) play a crucial role in helping individuals navigate the complex world of personal finance. They are invaluable for holistic financial planning, covering everything from pensions and ISAs to mortgages and protection. However, when it comes to advising on individual shares, IFAs should, in most cases, defer to the specialised expertise of […]
Should a firm consider subordinated loans as part of its capital?
Typically, firms rely on capital injections as equity or the retention of profits to meet their obligations under FCA capital adequacy requirements. However, in some situations the owners of the business may prefer to lend money to the company. What is a Subordinated Loan? A subordinated loan is a debt instrument where the lender’s claim […]
Square Pegs and Round Holes – A Culture Fit Challenge
Introduction The adage “square peg, round hole” often encapsulates the challenges organizations face when integrating new employees. Culture fit, once a buzzword, has become a critical factor in employee satisfaction, retention, and overall organizational success. This bulletin explores the importance of culture fit, potential pitfalls, and strategies for fostering a more inclusive environment. Understanding Culture […]
New High Net Worth and Sophisticated Investor thresholds
HM Govt have made new regulations to the exemptions in the Financial Promotions Order (2005) – Which enable unauthorised Firms to issue financial promotions to high net worth individuals and sophisticated investors. These new rules come into force 31 January 2024. High Net Worth individuals need an income of at least £170,000 (up from £100,000) […]
CP23/24 Capital deduction for redress – Personal Investment Firms (PIFs)
On 29th November the FCA published a “Dear CEO” letter to Personal Investment Firms concerning potential changes to the Prudential Regieme. The letter reminds Firms about their ongoing responsibilities and the need to maintain adequate capital resourses. The FCA have concerns that some might try and avoid their liabilites via Corporate Restructures or Asset disposals. […]