7Mar, 2013

Client Agencies

By: | Tags:

When I and, subsequently, my father Andrew moved across to operate under the management of Chantler Kent Investments, our previous host company, Sigma Asset Management, was charged with the responsibility of transferring the insurance company agencies under which all our clients and their policies were held. They have not fully complied with this obligation and Andrew is writing to as many clients as is practical to seek their individual assistance in this respect. So many of his ’old’ clients I meet speak warmly of the wise counsel and sound advice […]
READ MORE

7Mar, 2013

Presentation Of Accounts

By: | Tags:

At a time when borrowing money can be difficult and lending criteria is at its toughest for years, it is important to be able to show your income in the best possible light. Consequently, it is a good idea to ensure that your accountant presents your accounts in such a way as to maximise your borrowing potential, rather than reduce it.  This will not impact upon your tax liability, but it is simply a cosmetic exercise that ensures you are not disadvantaged when it comes to borrowing money. A common […]
READ MORE

7Mar, 2013

Critical Illness Reviews

By: | Tags:

Following the last newsletter, I have received a number of enquiries about the increase in premiums on members’ existing critical illness insurance plans. These plans are subject to regular review and certain increase, but it is, in many cases, possible to rearrange the insurance at a more favourable cost, particularly if you decide that you now have a limited need. For those of you with older children and retirement on the horizon, a guaranteed sum assured at a fixed premium over a specific term, e.g. 5 or 10 years, may […]
READ MORE

7Mar, 2013

Fee-Based Advice

By: | Tags:

January 1st 2013 saw the dawn of the new regulatory regime in which any investment or pensions advice must be paid for in the form of a fee, as opposed to the old style of commission. This could take the form of a flat fee, payable out of taxed income or, as with stockbrokers and estate agents, a percentage of the consideration, e.g. lump sum invested. Rarely ever do I side with the banks. However, I was mildly amused when reading in the Money Mail recently of a Financial Journalist’s […]
READ MORE

7Mar, 2013

General Insurance Link

By: | Tags:

I should like to draw members’ attention to our valuable link with Rayment Matthews Johnson insurance brokers (RMJ) who offer an excellent personal service to professionals for all their general insurance needs, including surgery, house contents, buildings, car and professional indemnity. For new business or quotations to compare with your existing arrangements, please contact either Viv or Vanessa on 01737 366711 and state that you are a MediClub member.
READ MORE

7Mar, 2013

Finance & Medicine

By: | Tags:

One of the themes of my seminars to vocational dental practitioners and young hospital doctors is the concept that finance is very much like medicine. They are both very wide fields and no one person can be the font of all knowledge and an expert in every speciality. Over the years I have increasingly seen myself as the conductor of the orchestra. Metaphorically speaking, I cannot play every instrument in financial services. Consequently, I am happy to recognise and identify individual problems and concerns and refer on where necessary to […]
READ MORE

7Mar, 2013

Pensions

By: | Tags:

As part of its grand plan for reducing the country’s budget deficit, the government has further restricted the lifetime allowance in respect of pensions, both personal and occupational. Consequently, the current fund cap on combined pension funds is £1.5m, but this reduces further to £1.25m in the tax year 2014/15.  Furthermore, the maximum annual contribution will be reduced from the current £50,000 limit to £40,000. It is possible to take steps to minimise the negative impact that this will surely have on the pensions of some of our highest earners, […]
READ MORE