Furlough Scheme updates…
This is an update on the furlough scheme as produced by our accountants Walker Thompson of Coventry. (www.walkerthompson.co.uk) On 29 May the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme, and we’ve outlined these below for you. Coronavirus Job Retention [...]
Business development during lockdown – what are we doing?….
Phil was recently contacted by Jennifer Hill from Media-Hill regarding a feature that they were working on about what advisers are doing to develop their businesses during lockdown and you will find his comments below; "MPA Financial Management wants to “come out of this lockdown ready to hit the ground running with new ideas, a [...]
Bank of England Monetary Policy Committee Quarterly Report Summary…
As we enter the seventh week of lockdown, the Bank of England’s Monetary Policy Committee (MPC) have released their quarterly report detailing the economic outlook for the economy, both domestically and globally, and how they are looking to navigate through these unprecedented times. The MPC are an arm of the Governments Bank of England. [...]
COVID-19 announcement – Lockdown NOT over yet…
I am sure that many of you were poised by the TV last night at 7pm to hear the latest announcement made by Boris Johnson... There was no sign of the lockdown being lifted immediately, however will the latest changes begin to pave the way for "normality" to resume; People who "cannot work from [...]
MPA Charity make another donation to local primary school…
Due to the success and the fabulous feedback, The MPA Charitable Foundation have joined forces with Neil Supperstone from Coolsportz and Henley-in-Arden Primary School again in support of the PlayMakers Award and has made another £500 donation to allow the children to be a part of this amazing opportunity. The PlayMaker Award aims to [...]
MPA Furlough Leave changeover…..
Due to the reduction in work, for understandable reasons, MPA confirmed on the 9th April that we had taken the decision to furlough half of our Administration team - read the full story here; https://www.mpafm.co.uk/mpa-to-furlough-administration-staff/ 3 weeks have now passed and the first half of our Administration Team return to work today - Welcome back [...]
Market Commentary – Quarter 1…
Summary The spread of Covid-19 profoundly affected global markets in the first quarter. Equities suffered steep declines and government bond yields fell (prices rose) as investors favoured their perceived safety. Shares fell across developed markets as coronavirus spread and countries went into lockdown to try to contain the outbreak. Governments and central banks announced [...]
Phil addresses PruFund drop in New Model Adviser article…
New Model Adviser yesterday issued an article, as part of its New Model Adviser top 100 IFA firms revisit, in which it asked Advisers how their portfolios held up during the crash and which funds delivered or performed badly in February and March . As the scale of the coronavirus pandemic revealed itself to the [...]
Unexpected events and the effect on Equities…
Unexpected world events which have sudden, material impacts on the financial markets are nothing new. It is important to keep uncertain headlines and volatile moves in perspective by looking back at the equity market’s performance during and after similarly disruptive past events. While at the time it can feel like a crisis is rapidly [...]