Money
Seccl welcomes Prerna Goel as chief operating officer
Octopus-owned investment platform Seccl has appointed Prerna Goel to the role of chief operating officer (COO).
Goel, an accomplished leader in the fintech and banking sectors, will lead Seccl’s operations, finance, CASS, legal and cross-functional delivery teams.
With nearly 20 years of experience across India, Canada and the UK, Goel has been instrumental in shaping the financial services landscape.
She has previously held a number of high-profile roles at ClearBank, Metro Bank, Capital One, CIBC and Texas Instruments.
As a founding member and first operations lead at ClearBank, she spearheaded the development of its embedded finance product.
Goel is also passionate about advancing ESG and DE&I initiatives.
She is a founding member of Project Nemo, a pioneering UK-based initiative dedicated to accelerating disability inclusion within the fintech industry.
She also co-owns Vriksh Impact Partners, a global advisory and investment firm driving ESG change, and actively participates as an angel investor.
Goel said: “I couldn’t be more thrilled to join Seccl. From my first conversation with the team, I knew this was where I wanted to be.
“Dave’s visionary leadership, Ruth’s dynamic drive, not to mention the backing of Octopus Group — with its commitment to meaningful, long-term impact — make this an incredible opportunity.
“Seccl is uniquely positioned to win, balancing rapid growth with the delivery of operational excellence and a desire to set new standards for innovation in the industry.
“I’m excited to help shape this future alongside such a talented team, pushing boundaries and redefining what’s possible.”
Seccl CEO, David Ferguson, said: “Prerna has spent her career scaling businesses by optimising across operational excellence, innovation, risk management and compliance — always with a strong purpose to drive meaningful change in financial services.
“It’s this desire for something better, alongside her ability to marry operational quality with sustainable growth, that makes her the perfect fit for Seccl.
“Her extensive track record demonstrates a rare blend of strategic vision and hands-on execution, making her an invaluable addition to Seccl’s leadership team as we continue growing a scalable, long-term business with a focus on enduring innovation.”
Money
Corey Feldman Faces Debt and Divorce Battle with Wife Courtney
Corey Feldman’s Financial Struggles and Divorce Battle with Estranged Wife Courtney
Corey Feldman, 51, has revealed significant financial struggles amid his ongoing divorce battle with estranged wife Courtney Feldman. Facing a mountain of unpaid taxes and credit card debt, Corey is fighting against Courtney’s request for $5,000 a month in spousal support.
In a court filing, Courtney, who currently works part-time at a coffee shop and is burdened with medical debt, explained that Corey had been voluntarily paying her $2,000 per month in spousal support. However, she stated that this amount was insufficient to cover her expenses or maintain the lifestyle she had while married to Corey.
Corey countered, arguing that his income is far below what Courtney claims. According to his declaration, Corey brings in approximately $2,536 per month. He detailed his monthly expenses, which include $613 for union dues and $387 for health insurance. Known for his roles in The Lost Boys, The Goonies, and License to Drive, Corey disclosed that he has only $34,000 in cash across his bank accounts.
Corey’s total monthly expenses amount to $16,799. He reported spending around $5,000 on healthcare not covered by insurance, $2,000 on groceries, $2,000 on dining out, $1,000 on laundry, $1,500 on auto expenses, $225 on charitable donations, $835 on entertainment, and $500 on clothing.
Additionally, Corey disclosed two significant debts: $42,000 owed to Capital One and $192,000 in unpaid taxes to the IRS. He mentioned making a $439 payment toward the credit card debt in October and a $1,600 payment to the IRS in November.
Courtney’s attorney argued that she “supported [Corey] emotionally and in his work since 2011. [Courtney] has been abandoned by [Corey], and aside from under-guideline support, has no home, no job, vehicle or money for medical expenses.” Courtney’s filing claimed she believes Corey’s income is actually over $280,000 per month, while she earns just $1,982 per month from her current job.
Courtney alleged that their marriage began to deteriorate when she decided to quit “recreational” drugs, stating, “My decision to quit drugs and ‘our lifestyle’ was the reason our marriage ended.” She added, “In May 2023, I informed Corey I would not be ‘partying’ anymore and further, because of my deteriorating health and increased stress, I would not be going on tour. Once I said no to the drugs our relationship unraveled quickly.”
The couple, who wed on November 22, 2016, in Las Vegas, separated on June 22, 2023, with Corey filing for legal separation in September 2023, citing “irreconcilable differences.” Corey also requested that the court terminate Courtney’s right to spousal support.
In response to Courtney’s claims, Corey denied they had led a luxurious life during their marriage, revealing that they had rented a home shared with three roommates. He further stated that he paid $5,000 for Courtney’s certification as a healthcare coach, accusing her of opting to work as a barista instead of pursuing work in that field.
The judge has not yet issued a ruling on the support request.
Money
PFS POWER launches guide to delivering consumer outcomes
PFS POWER has published new guidance on how firms can focus on delivering consumer outcomes in financial planning.
The guidance identifies ‘clarity, connection, choice, control and confidence’ as five key consumer outcomes that advisers should work to achieve.
It also outlines the ‘human skills’ required to help clients to implement sensible decisions about their life and money.
The 44-page guide includes recommended resources for implementation, including webinars, further reading, and established methods.
It was produced by the PFS POWER panel, which is made up of fourteen expert financial planners.
The guide was launched at the PFS National Conference in Manchester yesterday (12 November).
POWER Planning co-architect, Duncan Parkes, said: “Outcome-based financial planning is an approach that puts the client at the heart of everything, but with a subtle difference.
“As well as being about the client it focuses on the outcomes (feelings) that financial planning can bring to a client.
“Anyone can say that the client sits at the heart of what they do, but only those adopting a specific style of financial advice can say that they are working to achieve specific outcomes for their clients.”
Head of PFS POWER Content, Carrie Bendall, added: “Since I discovered the world of personal financial planning in 2008, I’ve had the privilege to meet hundreds of financial planners and to have hundreds of conversations with their clients.
“Conversations where clients have the freedom to think about what personal financial planning means to them. Many repeated the same words: clarity, connection, choice, control, confidence.”
Money
Price of a pint to rise by 10p warns major pub chain boss after Chancellor’s tax raid
THE boss of a major pub chain has warned the cost of its pints will rise following the Government’s Budget.
Chief executive officer of Fuller’s, Simon Emeny, told The Sun the price of beers at its hotels and boozers would likely rise by 10p after the Government hiked employer National Insurance contributions (NICs).
The top boss of the brewing giant slammed the decision to hike NICs as “counter productive to growth” and “hurting young employment“.
Mr Emeny said Fuller’s, which employs 5,500 staff, expected the Government to hike the National Living Wage last month, but it did not anticipate a rise in employer NICs.
Mr Emeny said: “I don’t think these tax increases have been thought through.
“The impact is disproportionate on businesses that particularly employ younger workers.”
The Government hiked employer NICs last month after committing to not raising taxes for “working” people.
But fears have been raised workers will be impacted by the rise as businesses let staff go or increase the price of products to cover their added costs.
Mr Emeny added: “We will see prices go up, which is counter-productive for a Government that had said it was pro growth.
“It will lead to businesses to review their investment plans.”
When asked whether analyst estimates that the cost of a pint will go up between 5p and 40p, Mr Emeny said: “It won’t be as low as 5p.
“The increase across the industry will be more than 10p.”
Despite the Budget woes, Fuller’s posted pre-tax profits of £17.6million in the six months to September 28.
Mr Emeny said a boost from Taylor Swift’s sell-out concerts at Wembley over the summer helped drive sales at its hotels and pubs.
With Oasis and Coldplay concerts lined up for next year, he said: “We expect an even stronger summer in 2025.”
The comments from Mr Emeny come after Wetherspoons boss Tim Martin warned of price rises at its boozers following the decision to hike employer NICs.
The pub’s chairman said it would try to stay competitive on costs for customers but the whole hospitality industry was facing the same pressures.
Mr Martin said the chain’s tax bill is expected to go up by two thirds next year.
Mr Martin added: “Cost inflation, which had surged to high levels in 2022, gradually diminished over the subsequent two years.
“However, it has now significantly increased again following the budget.
“All hospitality businesses, we believe, plan to increase prices, as a result.
“Wetherspoon will, as always, make every attempt to stay as competitive as possible.”
Some of the UK’s biggest supermarkets and retailers have also said they may have to bump up prices as they come under pressure.
Asda chairman Stuart Rose said the hike in NICs would cost the supermarket around £100million and lead to price increases at checkouts.
Meanwhile, M&S chief executive Stuart Machin has cautioned it is looking at a £120million hit and Sainsbury’s boss Simon Roberts said it was looking at a £140million hole.
The chief executive of Primark‘s parent company Associated British Foods George Weston also said he “felt the weight of tax rises” in the Budget was falling on the UK high street.
He said the company’s National Insurance bill would rise by “tens of millions” of pounds, but it would try to “hold prices”.
What is National Insurance?
NATIONAL Insurance is a tax on your earnings, or profits if you’re self-employed.
These contributions make you eligible for things like the state pension and certain benefits.
You’ll usually pay National Insurance Contributions (NICs) when you’re over the age of 16 and earning a certain amount.
For example, if you earn £1,000 a week, you pay nothing on the first £242.
Earn over that and you pay 10% on the next £725 – so £72.50. Then you pay 2% on the rest, so £33, which works out as 66p.
For the self-employed rates are slightly different.
You can also get something known as National Insurance in some circumstances when you’re not working, for example when you have kids and claim certain benefits.
NICs are usually taken automatically by your employer and paid to HMRC, so you don’t need to do anything.
You can see how much NICs you pay on your wage slip.
Anyone working for themselves usually has to pay NICs themselves when completing a self-assessment tax return.
Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.
Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
Money
Regional REIT on ‘stronger financial footing’ after £110.5m equity raising
In a Q3 update, the group said the fund raising had helped repay its £50m retail bond cut bank debt.
The post Regional REIT on ‘stronger financial footing’ after £110.5m equity raising appeared first on Property Week.
Money
Travis Kelce and Patrick Mahomes’ Homes Burglarized in Crime Spree
Travis Kelce and Patrick Mahomes’ Lavish Homes Hit in Brazen Crime Spree.
Kansas City Chiefs stars Travis Kelce and Patrick Mahomes both experienced break-ins at their Missouri-area homes in early October, fueling speculation about a possible crime spree in the area.
According to police reports, Mahomes’ home in Belton, Missouri, was the first to be targeted. The break-in occurred around midnight on October 6, and local authorities have been investigating since then. Just hours later, Kelce’s mansion in Leawood, Missouri, was also burglarized on October 7. The Kansas City Chiefs played a home game against the New Orleans Saints that day, winning 26-13. The burglary at Kelce’s property was reported to the police on October 8. Details about the incidents remain limited, and it is unclear if any valuables were stolen from either home.
Sources close to the case believe these two break-ins could be part of a larger crime spree affecting the area.
Mahomes, 29, bought his property in 2020 and has since added a practice football field and a golf hole. He shares the home with his wife, Brittany Mahomes, and their two children, Sterling Skye and Patrick “Bronze” Lavon Mahomes III. The couple is currently expecting their third child.
Kelce’s Leawood estate, which he purchased for $6 million in 2022, features six bedrooms, six baths, and spans over 16,000 square feet. With luxurious amenities like a waterfall, swimming pool, and mini golf course, the home was meant to provide Kelce with more privacy amid the heightened public interest in his relationship with Taylor Swift. Kelce’s previous residence in Kansas City’s Briarcliff West neighborhood lacked the privacy he sought, especially with the increased fan attention his romance with Swift has attracted. His new home in a gated community offered a greater sense of security.
Despite moving to a more secure community, privacy issues have persisted. Earlier this year, Kelce’s brother, Jason Kelce, discussed these challenges on The Big Podcast With Shaq, saying, “[Travis] had to completely move out of his house. People were just staying by his house… for safety reasons, he had to move.” Jason also mentioned that, on the first day Travis moved into his new gated home, “somebody knocks on the back window of the house.”
Travis has been vocal about the challenges of maintaining privacy, especially with the excessive fan mail he receives. In a May episode of his podcast New Heights, which he co-hosts with Jason, he shared, “The one thing you don’t realize, that when somebody posts your house online, that everybody now has your address and people just send stuff to your house.” He explained that he had to stop receiving mail at home, instructing the post office to return any packages sent there.
“Anything sent to my house, send right back to the sender,” he added, addressing the issue directly on the podcast. “So anybody that’s just sending random s–t to my house, uh, it’s not getting to me.”
The ongoing investigation into these break-ins continues as authorities work to determine if these high-profile burglaries are part of a broader pattern in the Kansas City area.
Money
The 10 energy-saving hacks that can save you £356 a year on your energy bills – including little-known tap trick
ENERGY bills have risen for millions so now is as good a time as ever to cut costs.
The Ofgem price cap rose by £149 last month, meaning the average household on a dual-fuel tariff is now paying £1,717 a year.
Of course, how much extra you are paying depends on your usage as the price cap sets a limit on the amount you are charged per unit of gas and electricity, and not everyone in the UK is on the price cap.
Luckily, there are a number of quick and easy tricks you can use to lower your usage and save money – and some take just minutes.
The Energy Saving Trust has listed 10 you can start with – employ them all and you could save £356 a year.
That’s based on a typical three-bedroom semi-detached home on a standard energy tariff and paying by direct debit.
Read more on Energy Bills
Switch off standby – £45
Leaving devices and appliances in standby mode might seem harmless, but it can seriously add to energy bills.
And most electrical appliances can be turned off at the plug without messing with their programming.
Some will eat into your electricity more than others, like tumble dryers, fridges and TVs.
But turn them all off and you could save yourself £45 a year.
Draught-proof windows and doors – £80
Households will have started blasting on their thermostats, but make sure you’re not losing heat to draughts.
The biggest areas you’ll lose warmth are windows, gaps around the floor or through your chimney.
Getting a professional to block these all off can cost around £250 but it does save you around £80 a year, meaning you’d make your money back in just over three years.
You can also do it yourself by buying draught excluders or chimney balloons.
Online Home Shop is currently selling a draught excluder for just £4 on its website while you can get chimney balloons for as little as £17 from Screwfix.
Turn off the lights – £7
It might seem obvious, but a quick flick of the switch when you’re not in a room will save you around £7 a year.
Replacing any halogen light bulbs with LED ones could save you even more too.
The Sun spoke to one mum who saves up to £40 a month on her energy bills after switching to LED bulbs.
Change up your washing technique – £24
Simply turning down the temperature you’re washing your clothes and bedding at can see electricity bills plummet.
For example, dialling it down from 40 degrees Celsius to 30.
Combine that with using your washing machine once less a week for a year and you could save around £24 overall.
Ditch the tumble dryer – £50
Tumble dryers are notorious for guzzling through energy so, if you’ve got one, try to avoid using it.
Instead, use a heated airer which will cost much less per hour to run during the winter.
You can currently buy a winged heated airer from Dunelm, costing around 6p to run per hour.
In comparison, a 2500watt tumble dryer costs around 61.25p to run under the current price cap.
This switch could save you around £50 a year on your energy bills.
Spend less time in the shower – £60
If you’re someone who enjoys spending a hefty amount of time in the shower in the morning or evening, think again.
Keeping your shower time to just four minutes can save you around £60 a year on your energy bills.
If you’re not fussed on the temperature, try having a cold shower a few days a week too.
This means your boiler isn’t having to heat up as much water which will drive down your bills.
Swap a bath for a shower – £9
On the topic of showering, swapping just one bath a week for a four-minute shower could save you £9 a year.
If you’re someone who has three, four or more baths a week, dropping this down to one could save you even more.
Get kitchen savvy – £29
Kettles are used by most on a daily basis, but overfill it and you’re using electricity needlessly.
Only use the amount of water you need and you could save yourself around £10 a year.
You could install an aerator onto your existing kitchen tap too.
They mix air with water, reducing the amount of water you need while maintaining the same pressure and flow
You can buy them for around £7 from B&Q with EST saying they can save you around £19 a year on your energy bills.
Use your dishwasher to full effect – £12
Making sure you fill up your dishwasher as much as possible before running it could save you around £12 a year.
That’s based on you running the appliance once less per week for a year.
That said, you don’t want to overload your dishwasher as this will restrict the hot water flowing through the machine, leaving some of your dishes uncleaned.
Insulate insulate insulate – £40
Some, but not all boilers, come with hot water cylinders which store hot water to pump around your radiators, taps and showers.
Because they store so much water, you can lose a lot of heat through them if they’re not properly insulated.
You can insulate a hot water cylinder with a hot water jacket or insulation blanket. You can get them from Screwfix for £23.
Make this move and you could save yourself around £40 a year.
The exact temperature to set your thermostat
ENERGY bills remain relatively high leaving many worrying over the thermostat.
Energy experts have revealed the exact temperature to set it at so that you can save cash and still keep warm.
When it comes to your thermostat, the Energy Saving Trust recommends you should set it to the “lowest comfortable temperature”.
For the majority of us, this is between 18 and 21 degrees Celsius.
It’s just the right balance between keeping your home warm, and keeping those energy bills as low as possible.
If you have your thermostat set at a higher temperature you can probably afford to turn it down and still keep cosy.
Of course, there are exceptions like anyone who is in ill health, and there is support available to cover extra costs.
Just by turning down the temp by a single degree, you could save as much as £100 a year.
If you cut it by more you will obviously make even bigger savings.
The Energy Saving Trust also says that you don’t need to turn your thermostat up when it is colder outside, the house will still heat up to the set temperature.
Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.
Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
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