Britons are being urged to act now to reduce the impact of a raid on the legacies they want to leave to loved ones in the form of inheritance tax. The warning from Nigel Green, the CEO and founder of deVere Group, one of the world’s largest independent financial advisory, asset management and fintech organisations comes two weeks ahead of Chancellor Jeremy Hunt’s Spring Budget on March 15. In the Budget he will update to parliament and the public on the state of the UK economy since the Autumn Statement in November, and announce further economic plans for 2023-24 and…
Author: News Team
According to Swiss regulators, Credit Suisse ‘seriously breached’ its obligations in the Greensill case Credit Suisse’s business relationship with financier Lex Greensill and his associated companies, Credit Suisse “seriously breached its supervisory obligations,” Swiss regulator FINMA said Tuesday. After Greensill Capital collapsed in early 2021, the Swiss lender had to repay investors massively. The Swiss regulator FINMA concluded Tuesday that the Swiss bank “seriously breached its supervisory obligations” regarding its business relationship with financier Lex Greensill and his companies. After Greensill Capital collapsed in early 2021, the embattled Swiss lender had to repay investors massive amounts. In its proceedings, FINMA…
Businesses from across the region have one month left to submit entries for the prestigious Finance Awards North West. Entering its fourth year, the Finance Awards North West is the one-of-a-kind accolade which recognises the work and achievements of the region’s top finance professionals and businesses. Featuring distinguished categories like Finance Director of the Year and Finance Business Partner of the Year, as well as the fiercely competitive Rising Star of the Year. Applicants will be judged by a panel of local industry experts and the awards’ esteemed partners. Deadline for entries is Friday 31 March 2023. Lucy Bisset -…
Sam Najafi, property writer, graduated with a bachelors degree from the University of Brighton. Today, he takes a special interest in renovations, interiors, regeneration, home organisation and money management. This article will look at property investment trends that are likely to feature prominently throughout 2023. According to JP Morgan’s 2023 commercial property outlook, there may well be challenges ahead. While retail lingers at a crossroads, uncertainties remain over the future of office space. In addition, supply chain issues persist, with inflation nearing a 40-year high, prompting interest rate increases. However, there are a few glimmers of hope in the commercial…
UKALA is urging letting agents to sign a parliamentary petition calling for the Section 24 changes (for buy-to-let landlord taxation) to be scrapped. Launched by Simon Foster, a Midlands-based landlord, the petition calls on the Government to enable landlords to offset all the running costs against their tax, as they were able to do up until 2015. Tim Clark, Chairman of UKALA says: “This is merely a reversal to a situation, before 2015, where landlords could offset all the costs of running their business, including mortgage interest. This is perfectly acceptable in any other business. It seems unreasonable to treat…
Often in the lives of successful entrepreneurs and business leaders, there is a pivotal moment when a decision was made that sets them on a particular trajectory. Javad Marandi is certain when that moment came for him. Marandi is synonymous with investments in high-end, exclusive fashion brands such as Anya Hindmarch and Emilia Wickstead. He’s also the owner of Soho Farmhouse in the Cotswolds, the Soho House Group’s country hotel and club that is a firm favourite of A-listers including the Beckhams and Adele. The British entrepreneur believes his life could have been very different if he hadn’t heeded the…
Marketing and Business Transformation consultancy Chesamel announced on Monday their partnership with the Corporate Governance Institute (CGI), the leading provider of corporate governance education. The partnership will provide access to university-recognised diplomas in corporate governance and ESG (Environment, social, governance) and a comprehensive set of certificate courses to navigate the complex and ever-changing corporate governance landscape. From developing and implementing effective governance structures to providing training and education on best practices, Chesamel and CGI will work together to deliver specialist change management. The partnership will provide access to CGI’s extensive research and educational resources*, giving a 360-degree insight into the…
New research shows Gen Z are leading the charge on London’s revival Four and five-day weeks in the office are on the cards for Gen Z as over half plan to increase their office attendance in 2023 Premium London experiences are a major draw for the generation as over four fifths choose high-quality and more expensive places when they go out Gen Z are leading the charge on London’s revival, as they head back into the office and look for premium experiences in the city, new research reveals. Return to a working week According to the study of 2,000 London…
SWIFT will begin the migration of its cross-border payments system onto the new ISO 20022 standard on 20 March 2023. FXC Intelligence has published a report detailing everything payment professionals need to know about the ISO 20022 standard and what the transition means for cross-border payments. The migration is no easy feat and although there could be real benefits to cross-border payments, there is a risk that the benefits will take longer to materialise if financial institutions de-prioritise what is looking to be a complex and long road ahead. After numerous delays, 20 March will see SWIFT finally beginning the…
Black Culture Market, a social enterprise that celebrates black culture and commerce, has beat over 1100 other small businesses to win Simply Business’ ‘Win a Billboard’ competition, which gives one lucky small business free design and advertising space in their home region. The competition, run by one of the UK’s leading small business insurance providers Simply Business, was launched to give UK small businesses a helping hand in the face of wider economic challenges. Simply Business have bespoke designed and paid for the billboard to be installed. Black Culture Market is a social enterprise that celebrates black culture and commerce.…
