News

The RAF plane carrying much needed personal protective equipment (PPE) from Turkey finally touched down at RAF Brize Norton, Oxfordshire, in the early hours of today, three days after it was promised. It is believed that the plane was only carrying half the promised 84 tonnes of equipment as it emerges that ministers ignored [...]

Within minutes of the U.K. government’s furlough scheme going live it was targeted by opportunistic hackers impersonating the country’s tax collection website. Hundreds of phishing emails landed in peoples inboxes inviting them to click on a link that takes them to what looks like an HMRC (HM Revenue and Customs) furlough claim website. The [...]

The Coronavirus Job Retention Scheme, which represents the protection of over a million jobs, according to chancellor Rishi Sunak, opened for applications at 8am yesterday and by 4pm more than 140,000 firms applied to HM Revenue and Customs. With recent changes to the Scheme regarding eligibility, the number of employees that can now claim [...]

  Happy Easter everyone and I hope you all managed to enjoy a bit of sunshine even during lockdown. Investment Week have just released an interesting article about the amount of cash that the average FTSE 100 company holds. ‘The average FTSE 100 firm has enough cash to operate for 20 months without incurring [...]

  As advised in our previous news story, due to the dramatic reduction in work for understandable reasons, we have now placed 50% of our Administration team on Furlough Leave for 3 weeks commencing today. Whilst the number of Administrators has reduced, our commitment to our clients remains the same and we are very [...]

Morning and Happy Easter to everyone. At least the sun should be shining and the weather glorious. It’s a shame we wont be able to go anywhere but it could be worse. Anyway, the Board of Directors met yesterday to discuss the ongoing crisis engulfing the world and the continued lockdown with its knock [...]

8th April 2020 'The Greatest Fear is that of the Market Going Up and Not Participating in the Rise Rather Than The Market Going Down' This is an article from Brewin Dolphin regarding the markets and the fear and greed index. The markets have rallied a little in the last few days, but the [...]

3rd April 2020 One of our most popular individual funds we use is the Fundsmith Equity fund. It’s a very concentrated fund with 29 stocks and managed by Terry Smith. He set the fund up 8 years ago and it now managers c£18BN and is a global equity fund that focuses on quality company’s [...]

Update from The Pensions Regulator (TPR) The TPR have issued an update to Trustees of Defined Benefit Pension Scheme (final salary schemes) that focuses on what they should do during this present crisis. Part of the guidance is around transfers out of DB schemes which may affect some of our clients. Trustees should give [...]