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August 2021

Kildare Nationalist – Personal Finance: Tips for a Big Budget-conscious Day

By Personal finance No Comments

Your wedding will (hopefully) be a once in a lifetime event, a day when you and your partner are officially bound in a holy marriage, surrounded by family and friends as you publicly express your love for one another. ‘other. All very romantic – and usually quite expensive by the time you add up the costs for clothing, accommodation, food and drink for the guests, music, wedding decor and a lot more.

A wedding is often the second most expensive expense in a lifetime after a home – the average budget for a wedding (including the honeymoon) is around $ 29,000 – but there are ways to cut and cut and to make the financial burden a little easier to bear. Here are some ideas to get you started on a budget-conscious big day!

Make a budget

It can be as simple as a basic Excel spreadsheet or a pen and notebook – but one of your first tasks when planning a wedding should be budgeting (and sticking to it). as much as possible) – otherwise the costs may very well skyrocket out of control. Be sure to include a contingency for what can and will go wrong – Irish wedding site One Fab Day suggests a figure of 12.5%.

If you’re trying to figure out the different costs, consult with family or friends to see what they paid for their weddings, or look for answers through online forums. One Fab Day has some great tips for creating a wedding budget – check it out at onefabday.com/work-out-wedding-budget/. And WeddingsOnline offers a downloadable wedding budget calculator (in Excel format) to help you track costs – see www.weddingsonline.ie/blog/mrs2be-wedding-budget-calculator/.

Avoid debt

Starting a new life with a whole heap of debt to contend with isn’t the most ideal scenario, especially if you plan to buy a property in the not-so-distant future. Once you have a budget for your wedding, you can figure out how you are going to save as much money as possible to carry it out. Give yourself a little time and you might be surprised at how much you could accumulate – saving € 800 per month over two years would net for example € 19,200, a very large amount that could cover everything you need.

The Competition and Consumer Protection Commission (CCPC) has a handy online spending calculator (www.ccpc.ie/consumers/money-tools/spending-calculator/) that will help you determine what you are spend each month and identify areas where you could reduce and thereby increase your savings capacity. Commit to reducing impulse shopping online or regular dining out, or see if you can save costs like insurance or utilities by switching providers.

If you need to take out a loan to cover costs, make sure you get the best rates and can afford the repayments. Again, CCPC can help – check out www.ccpc.ie/consumers/money-tools/loan-comparison/ for a personal loan comparison tool that lets you enter the amount you want to borrow and the duration of your credit, then find out the monthly payments and the total cost of credit on the available credits.

Be flexible

If you take a flexible approach to the wedding planning process, it could very well benefit your bottom line. For example, when choosing a location, there may be a substantial price difference between off-peak and peak dates, so chat with multiple locations and check their pricing agreements before focusing on a particular month and day. .

If you end up with a peak date, savings could be made by opting for a midweek day rather than the weekend. Don’t be afraid to negotiate the price or look to add value to your package by having something more included for free. A word of advice: pay for the best meal you can afford, as it’s a big part of the day and one of the things guests will likely remember with the group!

Cut the fat and tinker where you can

Once you’ve finalized your wedding essentials list, take the time to figure out where you can save money by doing it yourself. Something that immediately comes to mind are the invitations, which can eat up a good chunk of your budget. If you’re pretty creative (or can enlist the help of someone who is) and have access to a computer and some simple software, you can (speaking from personal experience) make your own wedding stationery that looks like to the company. A wide variety of models are available online or you can just use your own imagination. For a more professional effect, you can match your own design with quality card stock or pre-made borders.

Ditch the RSVP cards and stamps for a phone number and email address and, if the invitations don’t mean much to you or your future spouse, you can always email them and spend the money. elsewhere.

Speaking of the invite list, the question of how many people to invite will need to be addressed (and hopefully not dictated by public health boards for much longer). Some couples may feel obligated to invite out of courtesy the first cousins ​​you’ve met twice in your life, or the downstairs neighbor you’ve barely said a word to in ten years. At the end of the day, it’s your special day and your money, so it should be your choice and yours alone.

When it comes to the wedding car, you don’t need to fork out for a premium Rolls-Royce or luxury limousine – any car can be a worthy wedding vehicle with a wash, polish and the addition of a ribbon (you can pick up a roll of white wedding car ribbon for $ 6.49 at favorlane.ie).

And for your wedding cake, you can opt for one or two real layers for your guests to enjoy and use decorated styrofoam for the rest.

Photography – you get what you pay for

It’s tempting to track down that family member or friend who is ‘good with a camera’ on your big day, but duplicating them as a guest and photographer (unless they are invited to. taking pictures, which could open another box of worms) could lead to disappointment when it comes to your record of the occasion. One of the biggest expenses of my own wedding was the photographer, but it was well worth it – the experienced husband and wife team came to our separate homes in the morning and were with us until the start of evening, capturing the big and small moments for what has turned out to be a fantastic wedding album that we will cherish for the rest of our lives.

If you’re not sure what to look for when choosing a photographer, One Fab Day has some helpful tips – see onefabday.com/choosing-wedding-photographer-tips/. And don’t forget to ask your friends and family in the days and weeks following the celebrations to share any snaps they might have taken during the day.

It is very easy to get carried away by the thrill of planning a wedding and spending wastefully on things that you will remember for years to come and wonder why you bothered about it. However, with a little careful planning throughout the process, you can ensure that you have a wonderful and memorable day surrounded by family and friends that costs the earth nothing.

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Ten Most Popular Investment Searches in the UK | Personal Finances | Finance

By Personal finance No Comments

The COVID-19 pandemic has led to an increase in the number of UK investors. And despite the lifting of most UK restrictions, it looks like this trend is set to continue.

In a related vein, Netflix is ​​also ranked eighth, with 650 monthly searches.

With people locked in their homes, the need for entertainment on tap has never been greater, which may have led to increased interest in Netflix as an investment.

The COVID-19 pandemic certainly appears to have had an impact on investment behavior, as Pfizer ranks ninth on the investment research list.

With 580 searches each month, Pfizer’s part in the vaccine rollout may well have sparked an investment opportunity in the minds of investors.

Environmental factors may also play a role in investment decisions, which could explain Brewdog’s high ranking, after the company announced it was now carbon negative.

Disney and Tesco round out the top ten, respectively in seventh and tenth places with 710 and 480 monthly searches.

Annie Charalambous, communications manager at ETX Capital, commented on the results.

She said: “It is interesting to see which companies the UK is most interested in investing in.

“As Google searches are ultimately dominated by those looking to cash in on the continued success of tech giants like Tesla, Amazon and Apple, the pandemic has clearly opened people’s eyes to the potential of pharmaceutical investment. “

She added: “But there are also disruptive brands like Brewdog which aspiring investors believe will continue their current success in the market.”

Here is the full list of the top ten UK investment searches:

1. Tesla – 6,820

2. Amazon – 6,750

3. Apple – 3 160

4. Rolls Royce – 1210

5. Deliveroo – 880

6. Brewdog – 880

7. Disney-710

8. Netflix – 650

9. Pfizer – 580

10. Tesco-480

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Rural areas offering the best opportunities for nurses | Smart change: personal finance

By Personal finance No Comments

Enrollment in four-year nursing programs increased nearly 6% in 2020, to 250,856, according to a study by the American Association of Colleges of Nursing. By 2022, there will be more registered nursing (RN) jobs than any other profession in the United States, according to the American Nurses Association. These are positive signs, but today’s nursing shortages that were announced in 2012 are more urgent today than at any time in American history and show no signs of abating.

The demand for registered nurses is expected to increase by 12% from 2018 to 2028, according to data from the United States Bureau of Labor Statistics (BLS). This percentage is almost double that of the expected growth in all occupations, which the BLS predicts to be 7%. The nursing shortage is felt most severely in rural parts of the United States, where access to health care is more limited overall for patients and where average salaries may be lower for nursing professionals. health.

NursingEducation analyzed data from the United States Bureau of Labor Statistics to rank non-metropolitan areas based on employment opportunities for registered nurses. The regions are classified according to the location quotient and the number of jobs available compared to the national average. A score greater than 1 indicates that the region has a higher concentration of RNs than the national average. The employment per 1,000 jobs was used as the cut-off criterion. This analysis does not focus on nurse practitioners, nurse midwives and other specialized nursing professions, although there is a significant demand for specialists today.

The Department of Health and Human Services (HHS) announced in August that it would distribute $ 8.5 billion in US bailout funding this summer to help compensate healthcare providers serving patients on the plan Medicare, Medicaid and Children’s health insurance in rural communities for lost income and increased expenses related to the coronavirus. In addition, the HHS is allocating $ 52 million from the US bailout to train rural health care providers, including nurses.

Read on to find out which rural areas have the greatest opportunities for AI.

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Increase the value of investment properties with sustainable characteristics | Personal Finances | Finance

By Personal finance No Comments

Real estate experts predict that homes with modern green certifications like electric vehicle chargers and solar panels will cost more than those without one in 10 years. They will be worth an average of 9% more when sold, according to a study by Hive of real estate agents.

With new legislation coming into effect in 2030, banning the sale of new gasoline and diesel cars, new buyers are increasingly looking to prepare their homes for the future.

As the country prepares to go electric, real estate agents have already started to see an increase in the number of homes suitable for electric vehicles.

Four in five (82%) said an increase in the number of customers looking for homes with an EV charging station already installed.

By adding lasting characteristics to a property, investors can increase the value of their portfolios in the future.

READ MORE: State Pension: DWP announces changes that will affect thousands of people from next year

This could be in the form of solar panels or heat pumps.

With net zero targets set for 2050, properties may need to be eco-protected to accommodate this new program, to avoid the risk of being left out of the sustainable real estate boom.

Tim Bannister, Data Director at Rightmove, said:

“One of the clear driving forces behind the continued rise in house prices in 2021 has been a new focus from buyers on what their homes need to provide, from gardens to additional space to work from home.

“As we look ahead, it’s very likely that a home’s sustainability benchmarks will join the list of new priorities that buyers are considering.

“If there are affordable options for homeowners to make their homes greener, then they could become a more common and practical addition to many homes.

“They have the potential to command a premium and provide additional selling point for homes in the future.”

Americo Lenza, portfolio manager for services and solutions at British Gas, also commented on the push towards sustainable housing.

She said: “With the ban on new gasoline and diesel vehicles on the horizon, many people are considering how to go electric.

“However, it is understandable that there are naturally concerns about access to charging points.

“It is the responsibility of businesses and governments to help ease this transition, which is exactly why we have launched Hive EV Charging, which is helping to further power the UK’s electric charging network.

“It’s likely that smart charging as part of a larger home energy ecosystem will increasingly become the norm as people seek to make their homes more sustainable. “

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Definition of corporate finance

By Corporate finance No Comments

What is corporate finance?

Corporate finance is the subfield of finance that deals with how businesses approach sources of finance, capital structuring, accounting, and investment decisions.

Corporate finance is often aimed at maximizing shareholder value through long and short term financial planning and the implementation of various strategies. Corporate finance activities range from capital investment to tax considerations.

Key points to remember

  • Corporate finance is concerned with how companies finance their operations in order to maximize profits and minimize costs.
  • It deals with the day-to-day cash flow operations of a business as well as long-term funding goals (eg bond issuance).
  • In addition to capital investments, corporate finance deals with cash flow monitoring, accounting, financial statement preparation, and taxation.

Understanding corporate finance

Corporate finance departments are responsible for governing and overseeing their businesses’ financial activities and capital investment decisions. These decisions include pursuing a proposed investment and paying for the investment with equity, debt, or both. They also indicate whether shareholders are to receive dividends and, if so, at what dividend rate. In addition, the finance department manages current assets, current liabilities and inventory control.

A company’s financial tasks are often overseen by its chief financial officer (CFO).

Corporate finance tasks

Capital investments

Corporate finance tasks include making capital investments and deploying a company’s long-term capital. The capital investment decision process is primarily concerned with capital budgeting. Through capital budgeting, a business identifies capital expenditures, estimates future cash flows from proposed capital projects, compares planned investments to potential revenues, and decides which projects to include in its capital budget.

Making capital investments is perhaps the most important business financing task that can have serious business implications. Poor capital budgeting (for example, excessive investments or underfunded investments) can jeopardize a company’s financial position, either due to increased financing costs or inadequate operating capacity.

Corporate finance includes activities related to financing, investing, and capital budgeting decisions of a business.

Capital financing

Corporate finance is also responsible for raising capital in the form of debt or equity. A firm may borrow from commercial banks and other financial intermediaries or may issue debt securities in the capital markets through investment banks. A company may also choose to sell stocks to equity investors, especially when it needs significant capital to grow its business.

Equity financing is a balancing act in terms of deciding the relative amounts or weightings between debt and equity. Having too much debt can increase the risk of default, and relying heavily on equity can dilute earnings and value for early adopters. Ultimately, capital financing must provide the capital needed to implement capital investments.

Short-term liquidity

Corporate finance is also responsible for short-term financial management, where the goal is to ensure that there is sufficient liquidity to carry out ongoing operations. Short-term financial management concerns current assets and liabilities or working capital and operating cash flows. A business must be able to meet all of its liability obligations when due. It’s about having enough short-term liquidity to avoid disrupting a business’s operations. Short-term financial management may also involve securing additional lines of credit or issuing commercial paper as cash reserves.

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Proposed tax changes for those taking pension funds abroad

By Pension funds No Comments

Through Siphelele Dludla August 18, 2021

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THE GOVERNMENT has proposed changes to the tax law that could have important implications for members of pension funds who wish to transfer their savings abroad.

The National Treasury yesterday proposed changes that could allow the SA Revenue Service (Sars) to subject interest on pension funds to tax when an individual ceases to be a South African tax resident.

Currently, South Africa can waive its tax rights when people become tax residents of another country before or when they retire.

Informing Parliament’s Standing Committee on Finance, the Treasury said the rules were changed last year and a three-year moratorium was in place for people who were no longer South African tax residents. , before they can access their retirement savings.

The Treasury’s chief director for economic tax analysis, Chris Axelson, said that according to double taxation agreements, that money, if taken, might not be taxable in South Africa at all.

Axelson, however, said it was different for people who stay as South African tax residents, who can only access their money once they’re 55 or older.

“Thus, individuals would have benefited from a total tax deduction on the amount paid into the retirement fund. They would have enjoyed tax-free growth on the investments in the pension fund, and when they left the country they would not pay any taxes either, ”Axelson said.

“It really gets rid of our tax rights on these types of assets, so we’re trying to fix that.

“The proposition we are saying is that when an individual ceases to be a South African tax resident, we will consider that a tax must be paid on the day before he ceases to be a resident.

“But we’re not actually asking that the tax be paid at that time, so it can be deferred. This is the same regime or the same treatment as you do for capital gains tax.

As a result, Axelson said the Treasury had proposed a two-pronged approach for both withdrawals and amounts retired.

“If an individual were to retire prior to retirement or death, the individual will be deemed to have ceded his stake in this pension fund on the day before he ceases to be a South African tax resident, and the interest will part of that person’s assets, and they won’t need to make a payment, ”he said.

“However, if they do make a withdrawal after three years of being a non-resident for tax purposes, they will then have to pay a tax that was applicable on this amount the day before their termination, using the tax tables on withdrawals in force at time, plus interest.

Jenny Gordon, head of technical investment advice for Alexander Forbes, said the wording of the proposed section 9HC was inadequate and did not give effect to the intent of the explanatory memorandum. Therefore, Gordon said, it was unlikely to be successfully implemented on March 1, 2022.

“The legislation that would be necessary to give effect to this type of provision is complex, and many other provisions of the Income Tax Act, the Tax Administration Act and the Pension Funds Act should be modified at the same time, in addition to the Sars processes. . It was not proposed in the bill, ”Gordon said.

“We are engaging with regulators in written submissions and hearings on the bill, with the intention of reaching consensus for a workable solution.”

[email protected]
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“No plans to allow pension funds to invest in startups”

By Pension funds No Comments

Supratim Bandyopadhyay, chairman of the Pension Fund Development and Regulation Authority (PFRDA), said there were no immediate plans to enable pension funds, including the national pension system, to d ‘invest in startups. The response comes amid reports the government may allow Life Insurance Corp. of India (LIC) and the Employees’ Provident Fund Organization (EPFO) to invest in startups.

Bandyopadhyay, however, said the proposal was not ruled out, but it was difficult to determine the right valuation for a startup.

“NPS pension funds report a daily NAV (net asset value) unlike EPFO ​​and LIC,” he added.

Last month, the regulator gave conditional approval to pension funds to invest in initial public offerings (IPOs). Pension funds can invest in IPOs with sales of shares of at least ??500 crores. The market value of the company after the IPO is also expected to be among the top 200 companies in India.

The number of private sector subscribers to the NPS has exceeded 3 million, Bandyopadhyay revealed. Big fintech players have also started distributing to NPS, including Paytm Money, Bandyopadhyay said. Zerodha also plans to work with PFRDA as an NPS intermediary, he added. The number of private sector subscribers also rebounded by almost 50% in fiscal 22 compared to the previous year. A total of 241,000 private sector subscribers joined NPS in fiscal year 22 through August 12, up from 160,000 last year.

NPS intermediaries called points of presence (PoP) charge 0.25% per contribution to the NPS. The pension fund regulator recently allowed PoPs to hire individual agents to distribute the NPS. However, no decision has been made on compensation, Bandyopadhyay said. NPS has generated returns of 12.94% over the past 12 years for its equity programs, 9.92% for its corporate bond programs and 9.4% for its corporate bond programs. State over the past 12 years, added Bandyopadhyay.

The PFRDA also broadened the investment universe of M&O segment equities with a market capitalization of ??5,000 crore to the top 200 companies on BSE and ESN to allow pension funds to derive returns from a wider range of stocks. Subscribers also benefit from a tax deduction of ??1.5 lakh for investment in NPS Tier 1 under section 80 C and ??50,000 for investment in NPS Tier 2 under section 80 CCD (1B).

[email protected]

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Assistant Director of Corporate Finance – Cambridge job with AJ Chambers

By Corporate finance No Comments

Executive assistant in corporate finance

Cambridge

£ 50,000 + (DOE)

AJ Chambers is excited to be working alongside a leading, growing, independent Cambridge-based company that is looking for an Associate Director of Corporate Finance to join its growing team.

The role:

This new Assistant Director position in Corporate Finance is an exciting opportunity to join a dynamic and ambitious practice in Cambridge, working with business owners, management teams and private equity firms on transactions of a worth £ 1 million to £ 50 million. Preparation and participation in directors’ meetings

  • Analyze financial statements, management information, financial forecasts and market information
  • Preparation of key customer deliverables, including information memorandum and financial models
  • Undertake research on potential buyers, market trends, comparable transactions and new potential customers
  • Manage and act as a transaction leader on small transactions.
  • Attend meetings with clients and work closely with associates and directors.
  • Develop transaction information for marketing purposes
  • Management of initiatives to target and win new business
  • Preparation of competitive offers and formal presentations
  • Maintain an appropriate network of peers in intermediaries, banks and private equity firms.
  • Other ad hoc advisory assignments, particularly in the area of ​​due diligence.
  • Perform other duties that fall within the scope, spirit and purpose of the role

The ideal candidate:

  • Fully Qualified Accountant
  • Exposure and knowledge of the full cycle of mergers and acquisitions.
  • Work experience in corporate finance
  • Strong interpersonal skills and emotional intelligence
  • Technical excellence in accounting
  • Good general business knowledge

What’s in it for you?

  • Competitive salary
  • 3: 2 hybrid work desk: remote work and flexible hours available
  • Modern and spacious office ideally located in Cambridge, with bar in the office and coffee machine
  • Platoon on site
  • Free parking
  • Pension
  • Private health care for all and reimbursement program
  • Health and wellness care program (eye costs, individual counseling, general practitioner, wellness)
  • Discretionary bonus
  • Employee referral program
  • 25 (depending on function) bank holidays + bank holidays. It increases with promotion and / or service.
  • Perks at Work platform offering several discounts and gifts
  • Fully funded continuing education
  • Endless CPD (including payment of professional contributions)
  • A committed local CSR program

If you think this is right for you, please apply directly or contact Danny Brown at AJ Chambers.

Executive assistant in corporate finance

Cambridge

£ 50,000 + (DOE)

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Corporate Finance Officer – Cambridge job with AJ Chambers

By Corporate finance No Comments

Corporate Finance Manager

Cambridge

Up to £ 45,000 + (DOE)

AJ Chambers is excited to be working alongside a leading, growing, independent Cambridge-based company looking for a Corporate Finance Manager to join its growing team.

The role:

This new corporate finance executive position would be suitable for a proactive and ambitious individual to join Cambridge’s high performing and supportive corporate finance (CF) team. This new CF Executive role is an exciting opportunity to join a dynamic and ambitious practice, working with business owners, management teams and private equity firms on transactions worth £ 1million. to £ 50million. The ideal candidate will be someone newly or recently qualified and willing to get into corporate finance. You may or may not have a background in corporate finance, but what is essential is the desire to advance and master your career and to show an interest and enthusiasm for people and business. You will work closely with the team and gain experience in the work we do with business owners and managers, working primarily on business sales, business buyouts and fundraising. private equity funds. The successful candidate will be able to demonstrate a commercial and proactive spirit while working collaboratively within a team.

  • Analyze financial statements, management information, financial forecasts and market information
  • Preparation of key customer deliverables, including information memorandum and financial models
  • Undertake research on potential buyers, market trends, comparable transactions and new potential customers
  • Manage and act as a transaction leader on small transactions.
  • Attend meetings with clients and work closely with associates and directors.
  • Develop transaction information for marketing purposes
  • Management of initiatives to target and win new business
  • Preparation of competitive offers and formal presentations
  • Maintain an appropriate network of peers in intermediaries, banks and private equity firms.
  • Other ad hoc advisory assignments, particularly in the area of ​​due diligence.
  • Perform other duties that fall within the scope, spirit and purpose of the role

The ideal candidate:

  • Fully Qualified Accountant
  • Knowledge of the full cycle of mergers and acquisitions.
  • Strong interpersonal skills and emotional intelligence
  • Technical excellence in accounting
  • Good general business knowledge

What’s in it for you?

  • Competitive salary
  • 3: 2 hybrid work desk: remote work and flexible hours available
  • Modern and spacious office ideally located in Cambridge, with bar in the office and coffee machine
  • Platoon on site
  • Free parking
  • Pension
  • Private health care for all and reimbursement program
  • Health and wellness care program (eye costs, individual counseling, general practitioner, wellness)
  • Discretionary bonus
  • Employee referral program
  • 25 (depending on function) bank holidays + bank holidays. It increases with promotion and / or service.
  • Perks at Work platform offering several discounts and gifts
  • Fully funded continuing education
  • Endless CPD (including payment of professional contributions)
  • A committed local CSR program

If you think this is right for you, please apply directly or contact Danny Brown at AJ Chambers.

Corporate Finance Manager

Cambridge

Up to £ 45,000 + (DOE)

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Employees potentially lost pension funds due to actions of Nottingham call center manager

By Pension funds No Comments

A former Nottingham call center manager is banned from running a business for the next eight years due to pension plan negligence.

Philip James Hopkinson, 47, ran Target Source Media at Landmark Tudor Square, which initially operated as a call center from November 2011, focused on buying and selling data, Business Live reports.

He then transferred this management of occupational pensions to a third party less than a year later.

Over the next five months, members of the public transferred more than £ 200,000 into the pension scheme which remained unregistered, in violation of the Pensions Act 2004.

The government said that Hopkinson later admitted that he had never met or spoken with those he appointed or verified their ability or experience in administering a pension plan to ensure that members’ funds potentials were properly invested and the risk to members would be minimized.

In June 2017, Hopkinson resigned as director of Target Source Media but remained as an employee for an additional two to three months and helped clear the transfer of members’ funds out of the pension plan’s bank account.

In addition, at the time of Target Source Media’s liquidation in 2018, the company had separate debts of over £ 65,000, according to a statement from The Insolvency Service.

As a result of his investigation, Hopkinson signed an eight-year disqualification pledge that began in June.

Neil North, Chief Insolvency Service Investigator, said: “Mr Hopkinson failed in his duties as a director of a limited liability company and, as a result, members of the public were needlessly endangered and potentially lost funds from their occupational pensions.

“In such cases, the Insolvency Department will not hesitate to take steps to remove the privilege of limited liability status from such persons.”

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