Finance in the News

Short summaries of articles we think you will find useful from some of the weekend’s broadsheets.

FINANCIAL TIMES

“Invesco Perpetual is ‘top dog’ in list of underperforming funds”
Investors hold record sums in poorly performing funds, according to research that revealed a 123% jump in the number of lacklustre performers since January.
“Seven out of 10 people in UK now bank online”
Looking at the UK population, not just internet users — 69% said they banked online, almost double the proportion recorded 10 years ago (35%).
“Cycle your way to a smaller tax bill”
As it is Cycle to Work day (this Wednesday), The FT looks at how cycling can slash the cost of commuting and cut your tax bill.
“Why I remain cautious about the slower eurozone”
John Redwood looks at whether investors need to worry about the general tightening of central bank monetary policies and asks whether private borrowing or state budgets could offset the negative effect on growth this will otherwise have.
“Nationalisation will not fix UK’s wasteful investment”
FT looks at the performance of British infrastructure projects, both public and private, revealing what it believes to be a patchy record.

THE TIMES

“Royal Mint coining ideas for a cashless society”
As the way we spend money changes, the Royal Mint is moving into new areas, from selling gold to setting up a precious metals trading app.
“How to save for a pension if you’re self-employed”
Self-employed Britons are saving too little for retirement. The Times explores why – and how – to set up a pension.
“Banks must reveal satisfaction rating”
Banks must publish how likely their customers are to recommend them, under measures introduced last week to help consumers compare and switch.

THE TELEGRAPH

“Why giving your home away won’t cut your inheritance tax bill”
The Telegraph looks at the complex and little-understood rules surrounding IHT that often result in many being caught out.
“Interest rise leaves first-time buyers facing extra mortgage bill of £1,000 a year”
First-time buyers face an extra bill of £1,000 per year when they come to re-mortgage as rising interest rates start to ramp up the cost of borrowing.

THE GUARDIAN / OBSERVER

“EU may force banking jobs away from UK after Brexit, warns City boss”
Tougher demands by European Union regulators may force banks to shift more jobs to Frankfurt, Paris and Dublin than originally planned due to Brexit, a senior City executive has warned.
“Simplifying energy switch process boosts savings, study finds”
The number of households switching energy supplier can be dramatically boosted by removing the requirement for users to provide details of their energy tariff and consumption, a pilot project has found.

INDEPENDENT

“London workers are queuing up for free food because they can’t afford to eat”
Living costs are forcing London workers to rely on charities for meals.

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