Blue Sky Financial Planning Autumn Newsletter 2017

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CASH DEPOSIT RATES We have just introduced a service, which enables people, businesses, trusts, charities, power of attorneys (and court deputies), pensions, clubs and associations to maximise the value they receive from ALL CASH DEPOSITS. Not only this, we can demonstrate how to structure your deposits to get the most out of them. The worst place to leave any money is in a 'dormant' instant access account. This is exactly where the banks and building societies want you to leave money because it maximises the profits they make. Personal Deposits Charity Deposits Cash ISAs Pension Deposits Corporate Deposits Power of Attorney Deposits Trust Deposits Court of Protection Deposits As interest rates slowly rise, then this cash management approach will prove to be a valuable tool in managing money on behalf of our clients. OPEN BANKING IS ABOUT TO IMPACT OUR LIVES… WHAT IS OPEN BANKING? Under the Open Banking Standard, banking data will be shared through secure open APIs. What on earth are those we hear you cry? Application Programming Interfaces! In other words, a direct line between one system and another allowing data to be shared easily and with minimum fuss. The purpose is for customers, be it individuals or businesses, to more effectively manage their money. This should result in helpful services and tools that customers can utilise. HOW WILL THIS AFFECT YOU? Open Banking doesn’t actually just apply to Banking. Open Banking brings both the consumer and companies the possibility of new types of interactions. This will solve some of the challenges that lie at the core of creating a new open market, particularly when it comes to exchanging sensitive data in a way that is both secure and transparent. Expect huge innovation in this space resulting in greater transparency of information and lower costs for the end user.
FURTHER EXPANSION As our business grows, so do the demands, not least because of the increased legislation. As usual, Blue Sky will continue to re-invest in our proposition. A combination of technological development, in harmony with individual expertise, ensures our continued progress. In February, Roy Saxty (pictured right) joined us as part of the support team - the engine behind Blue Sky. Roy previously worked for Capita and his understanding of technology has already helped us enormously. Michelle Watson (pictured left) joined us from Investec in September as a lead administrator and trainee support planner. Her impact has been significant and has proved a great conduit for an improved service. We thought we should lower the average age in the office too by employing Max Morgan (pictured second from left). Max is a Brighton University student and ex-pupil of Bournemouth School for Boys. He is on an internship with us for one year. Having to get up early each morning has been a shock but he is now effortlessly resonating with the demands of full time work. Having new and youthful ideas has thrown up some interesting and stimulating conversations, some of which will be embedded into our proposition. Our latest recruit is Paul Andrews (pictured second from right), brought in to be our Compliance Manager. With all the changes in compliance that lie ahead, we thought it prudent to have a dedicated person helping us embrace change. Paul has a wide and varied background within financial services and his all-round knowledge will help us tremendously.
Page 1 and 2: GARY'S INTRODUCTION Autumn Newslett
Page 3 and 4: RUSSELL AND TAMMY TAKE DIRECTORSHIP
Page 5 and 6: CHARTERED STATUS FOR BLUE SKY The C
Page 7: AMBITIOUS REFORMS New reforms will
Page 11 and 12: WE ARE HUGE SUPPORTERS OF DORSET BL

Blue Sky Financial Planning Autumn Newsletter 2017

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