Friday, December 13, 2019
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Sophie Schillemore

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I cover entrepreneurs and people who create and forge their own living from creating an idea and seeing it through to implementation. Having an idea is the simple part. I started my own clothing enterprise in 2005 and have witnessed the importance of social media in the evolution of business –although I do think the value of Facebook in growing a business is perhaps over played in some quarters. I am constantly looking at new investment opportunities and schemes being introduced to help start-ups get off the ground. I don’t have lots of spare time, but I am partial to cooking and reading, although never at the same time.

Under 30s Not Saving Enough To Hit Retirement Targets

Eight out of 10 under 30 year olds are paying into a pension, but they aren’t saving enough, says a major financial firm. Although hundreds of thousands of under 30s are paying into workplace pensions,...

Final Salary Pension Transfer Ban May Be On The Way

Financial watchdogs are investigating a boom in the number of transfers out of direct benefit pensions – and may order a ban on moving money to another pension. Thousands of workers and expats have shifted...

Claiming Compensation For Spanish Property Fiasco

British expats and second home owners who lost deposits worth billions when developers went bust in the Spanish property crash can finally reclaim the money they lost for homes that were never built. Banks are...

US Expats Must Not Shun FATCA Obligations

Behind the scenes campaigning and election pledges that are yet to come to fruition do not mean US expats can ignore FATCA. Lobbyists have joined under the banner of the RepealFATCA website to influence Washington...

Moon Walk Rock Bag Could Fetch $4m At Auction

The bag astronaut Neil Armstrong collected moon rocks in during the first walk on the Moon is expected to make up to $4 million at auction. Armstrong carried the small pouch on the first Apollo...

Global Pensions In Crisis As Funding Black Hole Worsens

Most people approaching retirement have two vital questions to answer – when can they give up work and will they have enough money to pay for a comfortable retirement? The problem is no one knows...

Watchdog Issues New Guidance For QROPS Transfers

Consumer watchdogs have issued new guidelines to UK financial advisers involved in transfers to the Qualifying Recognised Overseas Pension Scheme (QROPS). In a wide-ranging update, the Financial Conduct Authority, the organisation that regulates financial advice...

Tax Is Taxing, So DIY Solutions Really Won’t Do

Theresa May's embarrassing 'dementia tax' U-turn shows that even politicians and experts make mistakes with financial planning. The principle was to make the people using the service pay for their long term care by having...

What Happens To Your Online Life When You Die?

With 1.9 billion people signed up to Facebook and even more having lists of online accounts, one of the questions never addressed is what happens to your online profile when you die. Online is big...

Brexit Silver Lining For Entrepreneurs Seeking SEIS Cash

Equity funding from government-backed tax schemes has dropped by a fifth due to tinkering with the rules by the European Union. The EU demanded former Chancellor George Osborne should change the rules for the Enterprise...

QROPS List FAQ for Expats

Expats switching their pensions overseas will hear a lot about the ‘QROPS List’ but may not know what it is. For expats considering a QROPS transfer, here are some answers to frequently asked questions about...

What is a Free Port?

Brexit and the opportunity of new trading links for Britain have raised the question of setting up free ports. Once Britain exits the European Union, the government can consider setting up free ports, but EU...

DB Pension Transfer Almost Double in A Year

Companies handing piles of cash to employees willing to transfer out of their gold-plated final salary schemes have helped push the number of people switching out of direct benefit pensions by 166%, according to...

Call To Let Whistle-Blowers Stop Pension Scams

Finance professionals urging new laws to protect retirement savers from pension scams. The Pensions and Lifetime Savings Association (PLSA) wants closer scrutiny of pensions schemes with fewer than 100 members. The trade body argues that scams...

Judge Tells Banker He Is Not A Genius, Just Lucky

An American banker who amassed personal wealth of more than £300 million was not thinking straight when he told a divorce court he was a genius. For the judge disagreed with his boast and awarded...

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