FUTURE Life Wealth Management’s MD Jillian Thomas has been invited to discuss ‘cash management’ with East Midlands Chamber’s partners and patrons.

Jillian will provide her expertise into the how businesses can best develop a strategy around maximizing their cash management - even if they don’t currently have any reserves – at The Priest House by the River, in Castle Donington, on Tuesday, September 12.

Cash can be one of the most neglected assets in a business but with rising returns it can - and should – provide a significant income. 

Jillian said: “While the costs of living - and operating businesses - have undoubtedly gone up, so have the interest rates that some bank and building society accounts pay.

“After a decade in the doldrums, businesses with cash in the bank are finally witnessing a better return and I want to raise awareness of just how essential it is for them to make the most of the money at their disposal.

“But running a business can be all-consuming, which can result in money not being moved to accounts offering the best-possible interest rates at the right point in time.

“Depending on the sums of money that are invested and the length of time they are invested for, this clearly has the potential to have significant financial repercussions.

“By taking some simple steps, businesses can ensure that they're maximising their returns - which is good for a business and good for business owners.”

Jillian added that this is the right time for Chamber members to think about interest rates after the Bank of England’s Monetary Policy Committee (MPC) increased the base rate by 0.25% to 5.25% earlier this month.

• East Midland Chamber’s Partners and Patrons’ lunch will take place between 12.15pm and 2.30pm on Tuesday, September 12, 2023, at The Priest House by the River, Kings Mills, Castle Donington, DE7 2RR. For further information, please email: david.pearson@emc-dnl.co.uk by Friday, August 25.