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Welcome to our new apprentice

We are pleased to announce that Jess Harding has joined Allen Tomas Financial Management as an apprentice Financial Administrator.

Jess has joined us after completing her GCSE's. From a young age, Jess had the ambition to work in financial services, so when an apprenticeship was offered, she sa
w this as a great opportunity. She is determined to achieve the position of a Paraplanner by successfully completing her qualifications with the Chartered Insurance Institute and her training within our firm.

Outside work, she enjoys street dancing and has competed in the World Championships in Glasgow being placed 11th out of 57. This gave her a massive confidence boost leading onto her finishing 1st in the British Championship Duos. In her childhood she lived in Spain for 7 years, attending Spanish school which means we now have a fluent Spanish speaking employee!
Recent posts

Inflation

United Kingdom Inflation Rate 1989-2015  Consumer prices in the United Kingdom rose by 3 percent in the year to September 2017, as widely expected, following a 2.9 percent gain in the previous month. It was the highest inflation rate since April 2012, mainly due to rising prices of food, transport and leisure activities. The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, stood at 2.7 percent, unchanged from the previous month's five-year high and in line with market consensus. Inflation Rate in the United Kingdom averaged 2.58 percent from 1989 until 2017, reaching an all time high of 8.50 percent in April of 1991 and a record low of -0.10 percent in April of 2015.

Consumer prices index (CPI) is the government's preferred measure of inflation. It is used for international comparison and the government inflation target for the Bank of England Monetary Policy Committee. It is available as an index from January 1997, with estimates back t…

So, what is a Legal Entity Identifier (LEI)?

The Markets in Financial Instruments Directive II (MiFID II) comes into force next year, with one of its key objectives being market transparency. This will see a new section added to the FCA Handbook which refers to the requirement to make transaction reports to the FCA with regards to certain financial instruments. These reports have to be completed for all clients and, where the client is not a natural person (i.e. an individual), it will need confirmation of their Legal Entity Identifier (LEI).
An LEI is a unique identifier for a client which is a legal entity or structure.
Which clients need a Legal Entity Identifier (LEI)? Most commonly clients of an advice firm, these will include:
Companies (public and private)Charities Trusts (but not bare trusts)  A natural person (including sole traders and partnerships) does not require a LEI as their national insurance number will identify their involvement in the purchase of a financial instrument.
What types of financial instruments need…

Good News for State Pensioners

As many of you will be aware in the UK, due to the current financial climate inflation has been steadily increasing over the last 12-24 months putting pressure on the Bank of England to increase interest rates. It is still unclear as to whether this will be the case (although it is looking increasingly likely). However, what we do know is, due to current inflation levels and the generous triple-lock State Pension guarantee, those in receipt of their State Pension will see a 3% increase from April 2018.

STEP Affiliates

As a firm we are constantly trying to move forward with our standards and professional development. We have aspirations of obtaining Corporate Chartered Adviser’s status early next year and are also working to achieve accreditation from the Society of Later Life Advisers (SOLLA).

Another professional accolade we have been working on is becoming Affiliate members of The Society of Trust & Estate Practitioners "STEP" and we are pleased to announce both Michael and Ben are now Affiliate members of STEP.

"STEP is the global professional association for practitioners who specialise in family inheritance and succession planning. We work to improve public understanding of the issues families face in this area and promote education and high professional standards among our members."

We are recruiting

Allen Tomas & Co are looking for an Independent Financial Adviser to join the team.

Key points:
Self-Employed/Employed structure and financial package to be discussedRegular 1:1s and ad hoc training to suitCompetent Adviser CPD programme, which includes internal and external seminarsCompliance support through SimplyBiz (compliance helpline, technical support, portal and CPD events)Support in achieving/maintaining full Competent Adviser StatusProfessional Indemnity costs met by usWe will provide full marketing assistanceIntroducer/Professional Connections:Introductions to professionals we work withFull support offered with your existing/new connectionsOnline Professional Portal (We will upload documents such as Recommendation Reports, Tax statements and Trustees Investment Policy Statements to their Portals)Monthly newslettersSeminarsClient Services:Your clients will have access to an internal online Portal in order to view their InvestmentsYour clients will receive monthly newslett…

Older Persons Information Day

Allen Tomas & Co were pleased to take part in the Older Persons Information Day held at the Corn Exchange in Kings Lynn on the 27th September 2017 and meet so many valuable professionals in this massively important area. We agree with the intent of Home Instead being to continue to work collaboratively with other professionals in order to enrich the lives of the older community and their family members in West Norfolk. Laura Atkinson, Head of Caregiver Experience within Home Instead Senior Care, was pleased with their inaugural event, which not only brought professionals together but raised money for Macmillan, created awareness of serious conditions and highlighted the positive work of local organisations, businesses and individuals. Home Instead plan to run a similar event next year and reach out to more people to make it an even bigger event. Allen Tomas & Co provide Long Term Care Planning and Investment advice to clients and their family members, attorneys and deputies un…