The latest from Brandon Consulting Services
Chancellor abolishes lifetime pension allowance
Millions of Brits could benefit from the abolition the lifetime pension allowance, according to national IFA firm Continuum.
Setting hourly rates – what can we expect in 2023?
With the cost-of-living crisis continuing to bite, many companies are likely to be looking at an increase in the hourly rates they pay their contractors, consultants and marketing agencies in 2023.
Number of smaller advice firms continues to shrink
The number of firms with over 50 advisers rose 17% from 35 firms in 2020, as consolidation within the financial advice market continues to narrow the number of smaller firms.
Homebuyers need to watch out for down valuations as well as rising rates
Homebuyers need to watch out for increases in down valuations, according to one of our clients national IFA firm Continuum.
Financial services workplace discrimination alive and well
Discrimination in the workplace continues to thrive in financial services, writes Kat Mitchell.
Rise in flexi retirement leaving over 65s at risk of paying too much tax
Flexible retirement is boosting the number of older workers, but also leaving many open to higher tax bills and more complicated finances, according to national IFA firm Continuum.
Inheritance tax shock
More over 70s are choosing to cohabitate with a partner rather than enter marriage or a civil partnership, but this could have dire consequences if one of them passes away, according to an article in The Daily Express including Brandon Consulting Services client Continuum.
Tax bill implications of Sunak’s Spring Statement
Inheritance tax was one of a number of topics discussed in an article in The Daily Express, including comment from Brandon Consulting Services client Continuum.
Pandemic has increased awareness of the benefits of financial planning amongst younger generations
The Coronavirus pandemic has helped increase the awareness of the benefits of financial planning amongst younger generations, according to one of our clients national IFA Continuum.
Continuum celebrates record 2022 as it smashes through £10m turnover target
One of our clients, national IFA business Continuum, saw a 39% increase (year on year) in annual turnover to £10.51m for the year ending 31 December 2021.
Inflation could lead to a resurgence in popularity of annuities says Continuum
As both state and private pensions begin to fall short of what many pensioners need due to inflation, we may see a growth in the number of financial advisers recommending annuities, according to one of our clients, national financial planning business Continuum.
UK sees highest inflation in a decade but what does that mean for small businesses?
The UK saw the highest inflation in a decade in November but what does that mean for small businesses, asks Kat Mitchell?
What makes a good media plan?
Whilst every company has their own unique needs, there are a few elements which all good media plans should cover, writes Kat Mitchell.
The house that Covid built
This week Kat Mitchell’s household has been isolating at home due to the toddler bringing home Coronavirus to share.
COP26: What is the role of the adviser in ESG?
With the COP26 conference dominating national press this week, support for environmental principles from the financial advice community has been evident on social media, writes Kat Mitchell.
Three advisers join Continuum as assets under influence and income continue to skyrocket
One of our clients, national financial planning business Continuum has had three new financial advisers join the business as assets under influence and income continue to skyrocket.
Setting expectations – the importance of project planning
I am currently working on a new project with a client which has me thinking about the importance of settling clear and achievable goals.
Continuum reports £300m increase in net assets for first half of 2021
One of our clients, national financial planning business Continuum has seen net assets increase by £300m in the first half of 2021, an increase of 38% year on year, building on the impressive growth seen by the firm in 2020.
What could changes in financial promotions rules mean for marketing pros?
The Financial Conduct Authority (FCA) has circulated a discussion paper on strengthening financial promotions rules, in particular in regards to any higher risk investments. What could any tightening of the rules mean for marketing professionals?
Continuum responds to CII consultation on the future of the PFS
One of our clients, national financial planning business Continuum has responded to the announcement from the Chartered Insurance Institute (CII) that it is to poll its members on the future of the Personal Finance Society.
Continuum bites back against claims national advice businesses to suffer years of pain following the Coronavirus pandemic
One of our clients, national financial planning business Continuum has bitten back against claims that national advice businesses will suffer years of pain following the Coronavirus pandemic
Cuthbert the Caterpillar – PR triumph or flop
The legal row between M&S and Aldi over the discount supermarket’s Cuthbert the Caterpillar has wriggled its way onto the front pages of the UK press due to some bold posts from the Aldi social media team, but is it a good move from Aldi’s PR/social team?
Riders on the investment platform storm
M&A activity in the platform sector has continued at storm force speed into 2021, writes Kat Mitchell.
Rishi Sunak: hero or villain
After the tax rises announced in yesterday’s Budget, everyone seems to have an opinion about Rishi Sunak and what he has done with the country’s finances over the past twelve months.
Pandemic leaves quarter UK households struggling financially
UK financial regulator, the Financial Conduct Authority (FCA), has found that the Covid-19 pandemic has left over a quarter of UK adults with low financial resilience.
Think before you leap
This week I have been writing an article on what makes a good workplace pension for a client. Unsurprisingly it concludes that what makes a good workplace pension for one saver may not work so well for another. The same applies to marketing campaigns, writes Kat Mitchell.
Artificial intelligence – what can the risk managers do to mitigate the risks?
When you think about Artificial Intelligence (AI), your mind may be drawn to visions of The Terminator or iRobot. However, AI is now more deeply embedded in our society and industry than many people may realise, writes Kat Mitchell.
Do not discount the power of content marketing
Financial advisers should not discount the value of content marketing, writes Kat Mitchell.
Future of UK finance: It’s not easy being green
It would appear that Chancellor Rishi Sunak has decided that the future of the UK financial services sector is green.
Bye bye negativity – hello reasons to be cheery
The news is filled with the negative today, so here is a light-hearted little post designed just to cheer you up.
Good Money – is ESG all its amped up to be?
Good Money Week kicks off this Saturday as ethical funds appear to be more popular than ever as the media spotlights investing sustainably. But does investing in ethical funds mean your investment returns take a hit, asks Kat Mitchell?
Pricing for advisory services
Not sure how much to charge for accountancy advisory services? We have worked on a guide with accountancy fintech Fathom.
Too few DC pension holders receiving advice
The number of people accessing free guidance appointments via Pension Wise rose 23% last year, however figures from the Financial Conduct Authority have shown that half of those accessing their DC pension pots for the first time are doing so without guidance or advice, writes Kat Mitchell.
UK Government doing its best to demonstrate why we need to communicate better
Boris Johnson and his Government have demonstrated the effect that poor communications can have on your audience. Kat Mitchell looks at how they show us what not to do, and the main pinnacles of effective communications.
Financial regulation at a crossroads
Financial services regulation is in dire need of reform. Communication and education need to form a key part of the reform process, writes Kat Mitchell.
Totus Re welcomes CII call to action
Financial strength of many businesses has been damaged by the apparent absence of insurance to provide protection in the event of a pandemic. Totus Re has welcomed the call from the Chartered Insurance Institute for the industry to establish an approach to pandemics and other systemic risks that clearly sets out the scope of government…
Financial planners jumping the hurdle of Covid-19
Kat Mitchell reports on the financial planning firms resolutely focusing on growth despite the pandemic and asks several to share their tips in her latest feature for Financial Planning Today Magazine.
Quality over quantity
In recent years the quality of press releases sent to the financial media has nose dived. Kat Mitchell calls on her fellow marketing professionals to review what has been sent out in the name of their organisation before brands are done any more damage.
Brits encouraged back to the office
People are to be encouraged to go back to the office as part of a Government campaign starting next week, but much of the financial services sector looks set to ignore the advice and continue working from home.
Don’t forget your comms when it comes to business continuity planning
A storm-related internet outage has Kat Mitchell reminiscing about the time when a different internet outage exposed some elephant-sized holes in the business continuity plan of a previous employer. Don’t forget your comms when it comes to business continuity planning
Pandemic partnerships
A special report from AM Best on the measures the (re)insurance industry is taking to mitigate the economic impact of future pandemics, has featured our client Totus Re.
Financial advice talent gap bites hard
For a while now the financial services industry has been struggling to attract new talent, and financial advice in particular seems to be an area that is suffering for it, writes Kat Mitchell.
Back to the office for the UK (re)insurance industry
As the Lloyds market reopens, September marks the return to the office for many insurance companies and brokers. As people return to the office environment things are likely to look quite different from what they remember.
Have you considered the risks of cleaning and disinfection during the pandemic?
One of our fabulous clients Swiss Re Corporate Solutions has produced a really helpful guide of the risks bought by disinfection processes to a wide range of businesses, public spaces, and schools.
Good marketing can be more affordable than you think
A survey from financial analysts AKG and wealth manager Charles Stanley today said that 12% of financial advisers are worried about marketing costs and how they will attract new clients. However, good marketing is a lot more affordable than they perhaps think, writes Kat Mitchell.
Rise of the small marketing consultancy
A look through my Linkedin feed sees the sad story of many great marketing professionals now finding themselves out of work. With few senior level marketing roles being advertised, are we soon to see many one-man-band marketing consultancies launching and short-term in-house contract roles advertised asks Kat Mitchell?
Dividends take biggest hit in generations
It now appears that 2020 will see the biggest hit to dividends in generations, with some commentators saying it could take until 2026 for dividends to return to their 2019 level. What does this mean for retirees asks Kat Mitchell?
Pandemic driving advisers to digital marketing
Over the past few years, we have seen larger numbers of financial advisers turning to digital content marketing to reach new clients and the pandemic seems to have accelerated this trend, writes Kat Mitchell.
Shutting the stable door after the horse has bolted?
Today the Work and Pensions Select Committee finally confirmed that it will be investigating pension scams as part of its inquiry into pension freedoms, writes Kat Mitchell.
No quiet season
Usually at this time of year my diary is relatively quiet, and I find time to catch up on all my administration and planning. However, this year things seem to be picking up, writes Kat Mitchell.
1 in 5 five over 50s have no savings
I was a little concerned to read today that one in five of Brits over 50 have no savings or investments (excluding pensions). It suggests that the problems of an aging population unable to fund their own retirement may be upon us sooner than many think, writes Kat Mitchell.
Is the society insurance gap about to become a chasm?
With many businesses and individuals struggling, are we at risk of the society insurance gap widening?
No superwoman
A slightly more personal blog today as Kat Mitchell would like to applaud all the other parents who continue to have children at home whilst trying to do full time jobs.
Internal comms are vital as we return to the office
Many of us are returning to the office for the first time in months but it is a very different workplace than the one we left. Communicating the changes ahead of time with your staff can help ease a bumpy transition, writes Kat Mitchell.
Copywriting – corporate vs journalistic, can you do both?
With regular work at financial publications becoming harder and harder to come by, many freelance journalists are turning to corporate copywriting work to pay the bills. This can cause issues with bias sneaking into their journalistic work, writes Kat Mitchell.
Totus Re cautions against single peril view to societal risk
Totus Re is fully supportive of the Pandemic Re steering group but it does not go far enough. In our rush to treat the symptom we need to make sure we don’t fall into the trap of simply adding a pandemic silo to the government’s ad-hoc architecture of guarantees and backstops in a game of…
MPs tell regulators to coordinate communications
MPs have urged financial regulators to work together to improve their communications to combat financial scams in a report released today the Work and Pensions committee.
TotusRe – the reinsurer for reinsurers
One of our clients, TotusRe, has been the subject of a feature article in Insurance Times.
Why you should sweat the little things
Even content with a compelling story to tell can be pulled down by poor proofreading. Kat Mitchell explains why proofreading is so important and shares a few tips.
Lies, damned lies, and statistics
Sometimes despite using the same dates and parameters, you can get considerable different analytics statistics for your content across different platforms. However, contrary to popular opinion, the success of your content isn’t all about the metrics, writes Kat Mitchell.
Insurance marketing on a shoestring
Reports suggest that insurance spending is starting to return to normal. The insurance industry has much to do to regain the trust of the UK public, is your marketing ready to bolster public trust and help you take a slice of the action, asks Kat Mitchell?
TotusRe asks business bodies to call on the Chancellor
Financial strength of many businesses has been damaged by the apparent absence of insurance to provide protection in the event of a pandemic. TotusRe has called upon professional bodies to help ensure adequate insurance can be accessed by all businesses.
Working with new clients in lockdown
Starting work with four new clients during the lockdown has seen us facing some interesting challenges and has me missing the ability to go on client visits, writes Kat Mitchell
Does going on the attack pay off?
Attacking the motives of a professional body or a whole section of the market can be an easy way to achieve press coverage, and is a tactic used by many in the insurance market. However, it can easily backfire especially when approached in a subjective or emotive manner, writes Kat Mitchell.
SIPPs on trial
The SIPP sector has seen consolidation and growing regulatory concern, particularly over pension transfer business and court cases. Read Kat Mitchell’s latest article in Financial Planning Today.
Collective call to arms for proactive approach to pan-economic events
Broking legend Liz Foster launches TotusRe, an open collective to help the insurance sector and government plan better coverage for any catastrophic pan-economic event, in response to the fallout due to COVID19.
Could coronavirus be driving a growth in new financial advisory clients?
Many financial and professional services have assumed an inevitable downturn in business and cut back budgets accordingly. However, some advisory businesses are seeing an increase in new business enquiries, writes Kat Mitchell.
Choosing the right PR and marketing agency for you
You have decided you need external support, but what questions should you be asking agencies or freelancers that you are considering working with? Kat Mitchell shares her top tips
Content is king
Content is becoming an increasingly important part of the marketing and PR mix, and the trend has only been exacerbated by the current lockdown writes Kat Mitchell.
What is copywriting and can’t anyone do it?
Anyone can write but is a specialist skill to write well. By letting an untrained or non-specialised writer loose on your marketing content you could end up doing more harm than good, writes Kat Mitchell.
Don’t make assumptions when it comes to communication
Every client likes to communicate with their professional and financial services advisers differently so be careful not to make assumptions based on the likes of age and profession, writes Kat Mitchell.
Busting media myths
There are a lot of common mistakes financial, fintech and professional services business are making when it comes to dealing with the media, writes Kat Mitchell.
Communicating change – pricing
One of the most sensitive conversations you will ever have with a client is when you need to make changes to your pricing.
Communicating change – crisis communications
How should professional services professionals communicate in the event of a crisis?
Reputation to be earnt in the time of COVID19
The corporate heroes and villains of the COVID-19 pandemic have been swift to emerge BUT there’s still plenty of time for more, writes Kat Mitchell.
Doesn’t this look a bit lonely?
You’ve set yourselves up a lovely new website but haven’t written any content? Don’t you write content for a living?
Don’t be a homeworking martyr
As someone that has spent many years of their career working from home I’ve been asked by a few people for tips when it comes to working from home successfully.
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