NLPFM named as one of the top 100 UK Financial Advisers 2021!

By | Financial Planning, Investment News, Latest News

FT Adviser have named their top UK financial adviser firms for 2021 and we are delighted to announce that NLP Financial Management have made the list!

The context behind this list is consistently flexible; as a whole the majority of firms are sustaining strong levels of business, but the global pandemic continues to retain a strong grip on the UK economy and firms are still having to adapt to and adopt new ways of working in both face to face advice and online/digital services in order to strike a balance which suits their clients.

The list is compiled from data provided by “London based Financial Clarity”, part of ISS Market Intelligence, and helps determine those companies who are focused on putting their clients’ needs first, ensuring they uphold high standards and the use of best practice throughout their day-to-day activities.

The key metrics used to assess firms include the level of Assets Under Management (AUM), the rate of company growth, asset retention and professional qualifications of advisers.  The amount of experience firms have in managing funds within differing economic environments are also taken into consideration as are the level of investments managed with some of the largest British fund houses.  Incorporated within a firm’s experience is also the ability to continue to support their clients throughout their financial journey, from managing immediate finances in the here and now, through to growing their clients’ financial wellbeing as they enter later life, so client retention is also a key indicator used when assembling this list.

We are extremely proud to have been recognised in this way which continues to reinforce our ongoing commitment to putting our clients at the centre of everything we do, especially in the face of what has been an extremely challenging 18 months, not just for the UK but for the entire globe.

Adam Katten, Managing Director said “I would like to personally thank everyone who has contributed to us achieving this valued recognition and we will continue to do our utmost to grow and seek further improvements throughout the NLPFM business.”


2021 Autumn Budget

By | Budget Summary, Latest News

The first autumn Budget for three years was a three-part presentation. The Chancellor’s well-trailed speech was accompanied by the first multi-year Spending Review since 2015 and the latest Economic and Fiscal Outlook (EFO) from the Office for Budget Responsibility (OBR).

Mr Sunak’s previous two Budgets had been dominated by the pandemic, which has wreaked havoc with the public finances. Third time around, the backdrop was brighter, at least relatively speaking.

In addition to recent helpful borrowing data, the Chancellor had the £42 billion of tax increases he announced in March and September. The extent of a further windfall was revealed in the Budget Red Book, which shows that suspending the State pension ‘triple lock’ next April will save £5.4 billion in 2022/23, rising to £6.7 billion four years later. It is therefore not surprising that few new tax-raising measures emerged in Mr Sunak’s second formal Budget of 2021. The reports from the Office for Tax Simplification on inheritance tax and capital gains tax have been left to gather more dust on the shelves of 11 Downing Street.

Mr Sunak was in spending rather than taxing mode on this occasion. He made two significant changes to Universal Credit, partially reversing the impact of the £20 a week reduction that took effect earlier this month. There were also cuts to business rates, air passenger duty and the cost of a pint of beer.

The Chancellor took advantage of better than OBR-projected economic performance both to spend more and to put some money aside. He must hope that his war chest is enough to cover whatever COVID-19 and rising inflation/interest rates conspire to deliver in the coming year.

Read the full report here.