LEBC’s Cash Management Service enables individuals and businesses to manage their cash savings using the online platform of Akoni Hub. This includes attorneys and trustees who are managing money on behalf of others.
LEBC’s Cash Management Service enables the user to specify how much they wish to save and for how long. It then offers them:
One Time Application
Attorneys often find that the paperwork required by each bank or building society is time consuming as each has its own process. This is made more difficult during lockdown due to restricted opening hours and slower telephone response times.
The bonus for attorneys and trustees is that LEBC’s Cash Management service only needs proof of their identity and legal status once. It then verifies this on their behalf to all the banks used.
The platform also provides an audit trail for attorneys and trustees, so it is easy to explain where money has been deposited. Reporting income for tax purposes is simple, with one consolidated interest statement making completion of any tax returns straightforward.
You can find more information about our Cash Management Service here or contact your usual LEBC adviser, call us on 0800 055 6585 or email firstname.lastname@example.org.
The Financial Conduct Authority does not regulate deposit accounts.
Public Policy Director
Please remember, no news or research item is a recommendation or advice to buy. LEBC Group Ltd is not responsible for accuracy and may not share the author’s views. The contents of this blog are for information purposes only and do not constitute individual advice. All information is based on our current understanding of taxation legislation and regulations. The Financial Conduct Authority does not regulate estate planning, tax advice, wills or trusts.
LEBC’s bionic services enable clients to access services remotely using technology but with access to human and expert input. They are an ideal way to overcome the restrictions on meeting during lockdown while still attending to important matters. Services offered include wills and powers of attorney, mortgages, life and health insurance and a cash savings platform as well as our PFP portal which offers secure exchange of correspondence and documents.Back to News & Views