AKR Wealth Management Ltd

AKR Wealth Management Ltd Providing clients with expert financial advice and long term peace of mind.

🛡️ When key person cover becomes personal for business ownersMost business owners understand the theory behind key perso...
29/05/2026

🛡️ When key person cover becomes personal for business owners

Most business owners understand the theory behind key person and critical illness cover. But when unexpected illness hits close to home, the practical value of having the right protection in place becomes very real.

In this personal account, Richard Murray of Elephants Child shares how a serious heart condition in 2024 highlighted the wider impact a key person’s absence can have on a business - operationally, financially and emotionally.

💡 At a glance:

• Key person and critical illness cover helped reduce financial and operational pressure during a prolonged medical situation.
• Access to private treatment through the policy significantly shortened waiting times for surgery.
• The business was able to avoid rushed decisions and support a gradual return to work.
• The experience reinforced how protection can support not just profits, but people, stability and continuity.

One of the key themes from the article is uncertainty. Unlike bereavement, where businesses often move quickly to restructure, serious illness can create a prolonged period where no one knows how long recovery may take or what capacity someone may return in.

The article also highlights an often overlooked point: protection policies are not only about replacing lost revenue. They can provide breathing space, reduce stress on leadership teams and help businesses continue operating steadily during difficult periods.

For many business owners, it’s a reminder that resilience planning isn’t just about protecting the business - it’s also about protecting the people behind it.

Read more: https://www.akrwealth.co.uk/article/detail/sjpp/when-key-person-cover-becomes-personal-for-business-owners

This content is for information only and does not constitute financial advice.

Many parents worry that their children will struggle to find their financial feet in the current environment. Concerns i...
26/05/2026

Many parents worry that their children will struggle to find their financial feet in the current environment. Concerns include the flagging jobs market and inadequate retirement savings.

Meanwhile, high house prices make it increasingly difficult to take the first step onto the property ladder. These are all factors driving fears that younger generations will face a tougher financial future.

Read more: https://www.akrwealth.co.uk/article/detail/sjpp/saving-and-investing-for-children-and-grandchildren

The American dream is beginning to look more tarnished. The US-Iran war, combined with volatile and unpredictable behavi...
22/05/2026

The American dream is beginning to look more tarnished. The US-Iran war, combined with volatile and unpredictable behaviour by the US president and his administration, have taken the shine off. Meanwhile the divide between the ‘haves’ and the ‘have nots’ is growing ever larger. We look at what this might mean for investments in the region.

Read more: https://www.akrwealth.co.uk/article/detail/sjpp/the-special-k-shaped-economy

Business partners rarely reach retirement at the same time.Different life stages, financial positions and personal goals...
07/05/2026

Business partners rarely reach retirement at the same time.

Different life stages, financial positions and personal goals can create a gap in when shareholders are ready to step away. Left unaddressed, this can lead to tension and difficult decisions.

Clarity is often the starting point – understanding what each person needs financially, and having open conversations early.

From staggered exits to internal buyouts or external investment, there are a range of ways to structure an outcome that works for everyone.

Planning ahead can make these transitions far smoother, for both the individuals involved and the future of the business.

Read more: https://www.akrwealth.co.uk/article/detail/sjpp/managing-different-retirement-timelines-among-shareholders

The Renters’ Rights Act came into force on 1 May 2026. It brought in new rules and requirements for private landlords in...
07/05/2026

The Renters’ Rights Act came into force on 1 May 2026. It brought in new rules and requirements for private landlords in England, including the banning of no-fault evictions and fixed term tenancies. There are also new regulations around increases to rent.

Landlords and letting agents must send all named tenants a copy of the government-produced Renters’ Rights Act Information Sheet 2026, either digitally or in the post, by 31 May 2026. Failure to comply could lead to a £7,000 fine.

Read our guide to ensure you don’t fall foul of the rules and end up with a penalty.

Read more: https://www.akrwealth.co.uk/article/detail/sjpp/renters-rights-act-what-landlords-need-to-know

21/04/2026

Welcome to the latest issue of our CIO quarterly insights newsletter from CIO Justin Onuekwusi.

So far, 2026 has been a year of unexpected but persistent turmoil. This followed a relatively smooth end to 2025 for markets and investors. While I previously warned that investors should brace themselves for a correction - and that such corrections are also normal - few of us could have anticipated what lay ahead with the Iran conflict.

Like many, I am deeply conscious of the human impact of recent events, particularly for those with family or close connections affected by the conflicts across the world.

As Chief Investment Officer, at St. James Place it is my team’s priority to support our clients, Partners and colleagues. If recent market developments are concerning you with respect to staying on track with your financial goals, I would encourage you to speak with us or your usual contact.

Periods of uncertainty can often be catalysts for change. Right now, companies, indeed whole sectors, are adapting to shifting global trading patterns and navigating a more complex geopolitical backdrop.

The decision by the US and Israel to go to war with Iran at the end of February has seen substantial geopolitical turmoil. The conflict has spread across the wider region and for investors there is a heightened sense of uncertainty.

But what should we take from these events? Amid the noise, it is worth repeating that this situation calls for perspective rather than prediction. Reflection not reaction.

Read more: https://www.akrwealth.co.uk/article/detail/sjpp/cio-investment-insights-volatile-conditions-resilient-decisions

Trusts are becoming a more common part of estate planning – but they’re not always straightforward.They can offer a way ...
16/04/2026

Trusts are becoming a more common part of estate planning – but they’re not always straightforward.

They can offer a way to pass on wealth with greater control, while potentially helping to manage inheritance tax. This can be particularly relevant as rules evolve, including upcoming changes to how pensions are treated.

However, trusts come with their own set of rules, including potential tax charges and ongoing responsibilities. They’re not a one-size-fits-all solution, and how they’re structured can make a significant difference to the outcome.

For many, the key is understanding how a trust fits into the wider estate plan, rather than viewing it in isolation.

The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.

Read more: https://www.akrwealth.co.uk/article/detail/sjpp/can-a-trust-help-protect-your-estate

The new tax year is underway, and while many changes were expected, some could still have a meaningful impact.Dividend t...
15/04/2026

The new tax year is underway, and while many changes were expected, some could still have a meaningful impact.

Dividend tax rates have increased, Business Asset Disposal Relief has been reduced, and the rollout of Making Tax Digital introduces new reporting requirements for many.

At the same time, frozen thresholds continue to quietly shift more people into higher tax bands over time.

Looking ahead, further changes are already on the horizon, including updates to ISAs, pensions and property taxation from 2027.

With multiple moving parts, it’s a useful moment to take stock and understand how these changes may affect your wider financial plans.

The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.

Read more: https://www.akrwealth.co.uk/article/detail/sjpp/new-tax-year-round-up-of-rate-and-allowance-changes

A new tax year offers a natural moment to pause and reset.For many business owners, it’s a chance to step back from the ...
10/04/2026

A new tax year offers a natural moment to pause and reset.

For many business owners, it’s a chance to step back from the day-to-day and reflect on what’s working, what isn’t, and where to focus next. In a more uncertain environment, clarity around priorities and long-term direction is becoming increasingly important.

Rather than trying to do more, the emphasis is often on doing the right things – refining strategy, focusing on what’s within your control, and aligning the business with personal goals.

Small, considered adjustments at this stage can help set a clearer path for the year ahead.

Read more: https://www.akrwealth.co.uk/article/detail/sjpp/ten-tips-for-business-owners-heading-into-the-new-financial-year

Where the opinions of third parties are offered, these may not necessarily reflect those of St. James's Place.

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