Skip to main content

Business As Usual

Firstly, we all hope everyone is keeping safe and healthy during the lockdown. We thought you would find the following short updates useful in the current climate:
  • Client Meetings are being conducted over the phone or by video call until we feel it is safe to re-introduce face to face contact
  • We have introduced Docusign to make it possible for clients and professional connections to digitally sign our documentation (many Providers are now not requiring wet signatures making the application process far simpler)
  • Despite these new internal measures, our Investment and Advice Process has changed very little with the emphasis still on holistic financial planning, sound diversification amongst asset classes, timed investments and withdrawals, working closely with solicitors and accountants, tax planning and cash flow projections
  • Independent Mortgage Advice – Please contact Rachael Smith by email rachael@allentomasfinancial.co.uk or mobile 07957 357212 to discuss:
    • Re-mortgaging and Loan Amalgamation for more attractive rates of interest
    • Residential Mortgages
    • Buy to Let borrowing
    • Self-Development
    • Bridging Loans
    • Second Charge Loans
    • Corporate Finance
    • Coronavirus Business Interruption Loan Scheme (CBILS) – The UK's seven largest small business lenders announced they had relaxed their evidence requirements for applications
  • On the 4th May 2020 the government launched the Bounce Back Loan Scheme which allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with the government guaranteeing 100% of the advance. Businesses can apply for a minimum of £2,000, up to a maximum of £50,000 with the government paying the interest for the first 12 months. Businesses will be able to access the loans through the existing network of accredited lenders and the government said it expects most applications to be approved within 24 hours.
  • Please call us if you need assistance in recommending one of our Professional Connections who can advise on the review and creation of Wills and Powers of Attorney
  • The Financial Conduct Authority have published “Avoid coronavirus scams”, detailing potential coronavirus (Covid-19) scams, how they could affect you, and how to protect yourself. Please read their article found here.

Comments

Popular posts from this blog

Budget 2021 – Small Business Owners

The planned increases to Corporation Tax Rates and what these mean for small business owners. Who will be affected? The corporation tax ‘main rate’ (currently 19%) is scheduled to increase considerably to 25% by April 2023. A new ‘small profits rate’ is also being introduced for business which make less than £50,000 profit a year. The main rate will be applied to businesses making more than £250,000 profit a year, with a ‘tapering’ of the two rates between these amounts.  Those companies under this lower £50,000 threshold will find themselves relatively unaffected by the new measures.  Businesses which find themselves between these rates will arguably be affected worst, having smaller profits to pay the extra tax from. For these companies, particularly which find themselves just over each of the limits announced, or indeed the tapering limits yet to be confirmed; additional tax planning will become an essential exercise going forward. Fortunately, these same companies will hav...

Why do we use Rayner Spencer Mills Research (RSMR)?

As part of our centralised investment process we use the research services of RSMR to construct our range of model portfolios. RSMR first launched their online fund ratings service for advisers back in 2007 and this offers us the widest range of ratings covering active and passive funds, Socially Responsible Investment-themed funds, multi-asset fund ranges, investment trusts and Discretionary Fund Managers. Their ratings are awarded following a rigorous process and are supported by factsheets and guides. Each factsheet provides background information, a summary of the investment process, comments and opinions. The team at RSMR have many years’ experience and maintain their market knowledge by meeting with the fund management community, market analysis and their own continuing professional development. Their research is completely impartial and they cover the whole market composed of all funds across the universe of the Investment Association (IA) sectors. RSMR review and research fun...

A Message from our Directors

A message to all our existing, and new clients including our professional connections. It is self-evident we are living through an unprecedented crisis as a result of the coronavirus pandemic. All the normal activities and interactions of society and business across the world have been brought to an abrupt halt. We do not know how long the current situation will last, however what we do know is that “IT WILL PASS”. Our personal view is the worst will be over in a few months if Government guidelines are followed and that life, and the markets, will then start to recover. We urge all clients during this time, not to panic and remember the key reasons why you invest. We also thought it important to summarise below: New client meetings and review meetings are now being conducted over the telephone We have excellent systems in place to manage client money efficiently and remotely Our systems provide high levels of client security Our Investments process is built on diversification...