What is the BACK2Y conference?

BACK2Y is an ‘Alternative’ Financial Planning Conference that is challenging the status quo of the Financial Services Industry. No sponsors. No product providers. No free ‘stuff’. No focus on investments or products. JUST PURE ‘LIFESTYLE’ FINANCIAL PLANNING: that’s financial planning with an end in mind. The ‘end’ is helping clients live a great life!

It’s about getting back on purpose. It’s about getting back to WHY!

Now, more than ever, in a world of increasingly explicit fees, you need to communicate and deliver your service convincingly – with absolute belief and integrity – and in a compelling manner. That needs a change of focus.

If you would like to find out more information, please visit: https://www.back2y.co.uk/

Multisport PHOTO

A List of Athletes Turned Successful Entrepreneurs

In today’s sports-crazed world, athletes like Lebron James and Tony Hawk have quickly become household names. But it’s not just their sport that’s making them famous.

Athletes are becoming known for their entrepreneurship and savvy business deals—earning more off the playing field than on. From personalised apparel to multimillion dollar investment companies, see why these athletes truly “score” in the business world.

Please find a list of successful athletes turned entrepreneurs below:

  • Oscar De La Hoya
  • Michael Jordan
  • Venus Williams
  • Tony Hawk
  • John Elway
  • LeBron James
  • George Foreman
  • Dave Bing
  • Roger Staubach
  • Chris Webber
  • Wayne Gretzky
  • Magic Johnson

An athlete is a person who competes in one or more sports that involve physical strength, speed or endurance. The use of the term in sports such as golf or auto racing is somewhat controversial. Athletes may be professionals or amateurs.

Budget reforms, legislations and public service pension schemes

Welcome to the latest edition of Pensions News by Advisory Excellence, which aims to help employers and trustees keep up to date with all the latest developments in pensions legislation, guidance and case law. This edition of Pensions News summarises the key developments from September 2014.

Please find a full list of the topics discussed below:

  • Budget reforms: the announcement that the 55 per cent death benefits tax charge on pension funds held in a drawdown product at death or uncrystallised after age 75 will be abolished in April 2015.
  • The Pensions Regulator: information on new questions in the DB scheme return; and the publication of the staff determinations procedure that applies to cases where a decision is made by the executive arm of the regulator.
  • DWP: an announcement about the removal of the NEST restrictions, which also gives some indication on the possible timescale for the introduction of the system for automatic transfers.
  • Legislation: the coming into force of certain provisions of the Pensions Act 2014; the progress of the Pension Schemes Bill through Parliament and the publication of notices of amendments; and amendments to the draft updated IORP Directive.
  • HMRC: the coming into force of a statutory requirement for scheme administrators to be fit and proper for the role and the publication of HMRC guidance about this requirement; and the latest Pension Schemes Services newsletter.
  • Public service pension schemes: a policy note about the NHS pension scheme and Fair Deal; and an update to the directions on valuations and the employer cost cap.
  • Other news: the annual review of the Pensions Advisory Service; and the Pension Protection Fund’s latest Technical News publication.
CLAYTON UTZ

Advisory Excellence Award for Darling Harbour Live precinct project

The circa $1 billion Darling Harbour Live precinct project, on which Clayton Utz is the primary legal adviser, has won the Advisory Excellence Award at the 2014 National Infrastructure Awards convened by Infrastructure Partnerships Australia (IPA).

With construction expected to be completed in 2016, the Darling Harbour Live precinct project will provide Sydney with world-class facilities for a diverse range of convention, exhibition and entertainment events. Clayton Utz was appointed in August 2011 as primary legal advisers to Sydney Harbour Foreshore Authority (SFHA) and then to Infrastructure NSW (INSW), on the project.

The award judging panel acknowledged the major and complementary outcomes the projects advisers had secured for the State and for the people of NSW, through smart structuring and the use of interactive and competitive bidding. Other advisers on the project are KPMG (Financial Adviser to the State), Evans & Peck (Transaction Adviser to the State), Capella Capital (Financial Adviser to Darling Harbour Live) and Herbert Smith Freehills (Legal Adviser to Darling Harbour Live).

This is the latest accolade for the Darling Harbour Live precinct project, which was also named Asia-Pacific PPP Deal of the Year at the 2013 Project Finance International (PFI) Awards.

IPA’s National Infrastructure Awards celebrate and acknowledge the innovation and excellence of Australia’s public and private sectors in the delivery of infrastructure.

Bendigo Hospital Project, on which Clayton Utz is legal adviser to the Department of Health (Victoria), was also a finalist for the Advisory Excellence Award.

Rugby PHOTO

Why do rugby players make such good business people?

Former New Zealand All Black Sean Fitzpatrick and ex-England rugby coach Sir Clive Woodward explain why rugby and business go so well together.

George Gregan, Australia’s talismanic former scrum half, is one of the country’s most successful rugby union players. His international career spanned 13 years and saw him win 139 caps. Only two people have represented their countries more in the history of rugby – New Zealand’s Richie McCaw and Ireland’s Brian O’Driscoll.

Yet just five years into his international career and at the peak of his powers – the same year, in fact, that Australia won the Rugby World Cup – Gregan started his own business: GG’s Espresso shop, based in Sydney’s bustling business district.

To a football fan this might sound like an odd move, a bit like David Beckham drawing up a business plan for a greasy spoon café. But there lies, in a nutshell, one of the major differences between a game in which you throw the ball and one in which you kick it.

Rugby union went professional in 1995, and although the amount of money pumped into the sport has steadily increased, players’ wages are still small compared to that of football.

All-Black Dan Carter will become rugby’s highest-paid player after the World Cup, yet even on his new wages it would take him more than 20 years to amass the annual salary of Cristiano Ronaldo. Ronaldo also enjoys bonuses and endorsements that take his earnings beyond £50 million a year – exactly 100 times more than the fourth highest-paid rugby player, Sam Burgess.

Rugby’s historical frugality is a major reason for its close and practical ties to business, says Sean Fitzpatrick, who recently spoke at Grant Thornton’s Inspiring Business event, part of a series dedicated to stimulating ideas among business audiences.

The 10 Biggest M&A Deals of 2013

Mergers and acquisitions never reached the fizzy levels experts predicted, but 2013 is still shaping up to be the best year for U.S. deal activity in five years.

Although most mergers and acquisitions ultimately fail to create value for shareholders down the road, it’s hard to say that the economy or markets are truly healthy without them — and that’s not just because investment bankers and corporate law firms need to get paid.

Companies don’t do much wheeling and dealing when markets and the economy are in a funk. A pickup in mergers and acquisitions activity is a sign of confidence — and animal spirits and investor psychology are as critical as anything to ensuring better times ahead.

Despite notching one of the biggest mergers and acquisitions on record, 2013 was hardly a whirlwind of deal activity, but it did pick up smartly.

U.S. mergers and acquisitions volume totalled $865.1 billion in the first nine months of 2013, according to Dealogic. That’s a 39% increase over the same period a year ago — and the highest nine-month total since 2008.

For the top 10 mergers acquisitions of 2013, according to FactSet, read on:

  1. Applied Materials (AMAT) Buys Tokyo Electron (TOELY), $10 billion
  2. Spectra Energy Partners (SEP) Buys Spectra Energy Corp.’s (SE), $9.8 billion
  3. American Airlines (AAMRQ) Buys US Airways (LCC), $11 billion
  4. Thermo Fisher Scientific (TMO) Buys Life Technologies (LIFE), $13 billion
  5. Liberty Global (LBTYA) Buys Virgin Media, $16 billion
  6. Publicis Groupe (PUBGY) Buys Omnicom Group (OMC), $17 billion
  7. Comcast (CMCSA) Buys NBC Universal Media from General Electric (GE), $17 billion
  8. Michael Dell and Private Equity Firm Silverlake Buy Dell, $25 billion
  9. Berkshire Hathaway (BRK.B) and 3G Partners Buy H.J. Heinz, $23 billion
  10. Verizon (VZ) Buys Out Verizon Wireless Stake from Vodafone (VOD), $130 billion