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The Morning Briefing: Tavistock to take minority stake in LEBC and January blues

Good morning, and welcome to the Morning Brief for Monday, January 10, 2022. To get this in your inbox each morning, click here.


Eyes Tavistock LEBC

The Tavistock brand is undergoing a change in trend and the strategy has been reported by selling arm of wealth to Titan.

Its latest semi-annual results released in December 2021 showed it received an initial £20m from the sale of Tavistock Wealth.

At the time, Tavistock CEO Brian Raven noted that the deal meant the company had more firepower to grow through acquisitions.

It has now announced its intention to acquire a 21% stake in national IFA LEBC and two regulated entities: LEBC Group Limited and Aspira Corporate Solutions Limited.

Tavistock company is watching closely.


January Blues

Returning to work in January after the Christmas period usually requires a period of adjustment.

But it could also be an opportunity to put your money on a sounder footing.

How can clients deal with their financial stress at this time?

Lee Dunkley, who is responsible for financial wellbeing at Schroders Personal Wealth, shares some tips.



Salaries and bonuses

money marketing It has partnered with BWD Recruiters for the relaunched 2022 salary survey.

The report has become the definitive reference guide for the financial services industry, presenting trend data and up-to-date information on salaries, benefits, and bonuses

It has entirely new questions about Covid and diversity along with questions about people’s salaries in 2021 and what they expect it to be in 2022.



Quote from today

The average household net worth in Great Britain is now £302,500, an increase of 20% over the 2006-2008 period. With the largest intergenerational transfer of wealth taking place over the next twenty years, it is imperative that there be a focus on intergenerational planning, especially for these families, over the coming years.

Will Stevens, Head of Financial Planning at Killik & Co. On Britain’s total wealth statistics that show the average net household wealth.



stat attack

Retirement wealth is the dark horse when it comes to accumulating wealth as everyone is focusing on housing. This is confirmed by the Office for National Statistics in the latest report on total household wealth in Great Britain: from April 2018 to March 2020.

The importance of defined benefit pensions came to light when comparing the pension wealth of employees and the self-employed. The Office for National Statistics has found that employee-headed households enjoy higher levels of pensions than the self-employed. see below.

Retirement Wealth: ONS

Private Retirement Wealth (ONS) Officer self employed Inactive / unemployed retired و
mediator (£) 78000 35000 0 123500
mean (£) 251600 184500 65400 312100

Meaning: average

(An inequality scale where a higher number means more inequality)

3.23 527 2.53

Source: ONS



in other news

Albion Capital is seeking to raise up to £80 million, through its excess allocation facility, of up to an additional £20 million in total, through offerings across its six venture capital funds (VCTs).

Following Albion Capital’s successful fundraising of £58.5 million for VCT in 2021, the new offering reflects the company’s ongoing goal of sustainable growth and new investment.

Its target sectors are B2B software, healthcare (including digital), and critical technology-driven services.

Will Fraser-Allen, Managing Partner, Albion Capital, said: “This new funding demonstrates Albion Capital’s continued commitment to supporting the most ambitious and innovative UK companies that are at an inflection point in their development, requiring additional funding to accelerate growth.

“Despite the impressive progress and acceleration in digital adoption in recent years, there is no slowdown in investment opportunities, and we remain very optimistic about the future.

“We have been privileged to run VCTs for over 20 years and are excited to continue providing a patient source of capital to entrepreneurs who are building the future of the UK economy and creating thousands of jobs in the process.”


Schroders has appointed Tim Goodman as Head of Corporate Governance, where he will focus on further developing Schroders’ participation and voting on corporate governance issues globally.

Goodman has 29 years of experience in the environment, sustainability and governance (ESG) sectors, as well as the investor sectors and responsible corporate communities more broadly. He will work in Schroders’ main office in London.

Prior to joining Schroders, Goodman spent 14 years at Federated Hermes, most recently as Engagement Director where he focused on the energy, technology, consumer goods and retail sectors.

He also previously worked in the insurance industry and held various senior management positions before becoming Company Secretary at the UK-listed Local & General Group plc.



from another place

Energy bills: Insulation fix to counter heating cost, PM said (BBC News)

NATO chief: NATO ready for conflict in Europe (Financial Times)

Sort home building hurdles or miss, UK government lords warn (The Guardian)


did you see?

Amanda Newman Smith writes weekend articles that are a pleasure to read and are equally informative.

Her latest report asks if we’re asking too much from our advisors and assesses how financial planning has evolved.

He takes us on a journey through music, psychology, and financial planning.

These topics seem distant but the article links them together beautifully.

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