Despite interest rates falling for the first time since the initial Covid lockdown in March 2020, borrowing costs remain high. What are interest rates, and why do they fluctuate? An interest rate indicates the cost of borrowing money or the return on saving it. The Bank of England adjusts rates to manage UK inflation,...
We have been talking for some while in our quarterly valuation letters about limiting exposure to expensive equity themes, such as large cap US technology companies, and the importance of broad diversification in underlying equity exposure. Movements in equity prices on Monday this week are a good example of the extent to which prices...
Stock markets continued to rally in the second quarter led by the US market. The S&P 500 rose by 4.21% to reach a historical high of 5,460. Outside the US, UK and Emerging Markets equities also performed well, up 3.6% and 5.0% respectively in the quarter. Europe (ex UK) equity markets were performing well...
Following the King’s Speech last week, PK Group have provided an overview of the government’s plans and priorities for the coming year. The Speech outlines the legislation that ministers of the new government aim to pass and while it’s delivered by the King, it’s actually drafted by the government on the day. Overview The...
PK Group are delighted to have been shortlisted for a number of awards. CEO, Patrick Kennedy, states “These fantastic accolades across all segments of our business are testament to the PK Team’s professionalism, hard work and dedication.” The awards that we have been shortlisted for are: Employee Benefits – Best Group Health Insurance Advice...
We are proud to announce that PK Employee Benefits have been shortlisted as Finalists for Best Use of Technology for Benefits & Health and Wellbeing Consultant of the Year for the WSB Awards. To view the full shortlist, click here. If you have any questions regarding our PK Engage app or employee benefits, please...
As you are aware, Labour have been victorious in winning the General Election 2024. We have prepared an overview which highlights what the main parties are saying about tax. Both the Conservative and Labour parties have pledged not to increase income tax, national insurance or VAT, although the Labour party have pledged to introduce...
We are delighted to announce that PK Employee Benefits have been shortlisted as Finalists for Best Group Health Insurance Advice Firm by the UK Health & Protection Awards, for the second year in a row. To view the full shortlist, click here. If you have any questions regarding financial planning, tax advice, employee benefits...
P11D forms for reporting expenses and benefits in kind provided to employees and directors in 2023/24 need to be submitted by 6 July 2024. Note that paper forms are no longer acceptable; the return must be made online using PAYE Online for employers or commercial software. Remember that reimbursed expenses no longer need to...
As you navigate the path to entrepreneurship, it’s crucial to lay a solid foundation that sets your venture up for success and sustainable growth. Here are five important steps to consider as you establish and grow your new business: Get in touch via welcome@pkgroup.co.uk or on +44 (0)20 8334 9953. Alternatively, visit our Managing...