Finance in the News – w/c 08.10.18


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


“Home ownership among young down 10 percentage points since 2008”
Additionally, more than half (53%) of 22-29-year-olds had no money in a savings account or an individual savings account (ISA) in the years between 2014 and 2016, compared with 41% in the years between 2008 and 2010.
“Inheritance disputes on the rise after landmark case”
More people are contesting inheritance, with the number of cases in 2016 and 2017 topping those in each of the previous four years.
“Busting the myths of investment: who needs income?”
Tax and a higher market price mean reinvested dividends are no bargain according to analysist.
“New safeguards for millions in master trust workplace pensions”
From October 1st, so-called “master trust” schemes, which currently have 10m savers, are required to show they are fit to operate, and have proper controls in place to protect their customers’ pension cash.
“Government childcare voucher scheme closes to new entrants”
The government closed its childcare voucher scheme to new entrants this week and replaced it with a new tax-free childcare scheme. The employer-backed voucher scheme, which remains open to existing members, allows each parent to save up to £933 a year and is used by up to 450,000 people.


“Go on the offensive: A financial plan for turbulent times”
How to maximise tax reliefs before this month’s budget and protect your portfolio from Brexit turmoil.
“Don’t leave emerging markets stocks on the shelf”
The soaring value of the dollar, sparking talk of more interest-rate rises in the US, has meant more woe for emerging markets. Falling share prices have, in turn, scared many investors, which is why now could be the best time to buy.
“How to boost your credit rating and land that loan”
Many people will have no idea that paying for your car insurance annually instead of monthly can harm your credit score, while not opening a bank account for six months can improve it.


“Watchdog’s pension transfer rules will hit savers with ‘wasted advice costs’”
A significant flow of new rules imposed by the City watchdog are expected to add thousands of pounds to the already not insignificant cost of moving a final salary pension.
“Hammond plotting new tax on Google and Facebook, but Amazon spared”
The Treasury is drafting plans for a new digital tax on advertising revenues in a Budget move that would hammer Facebook and Google.


“Life keeps evolving’”
Six ways to have a happy retirement.
“The rise of cashless Britain: the poor suffer as banks and ATMs are closed”
As consumers are nudged towards card payments, it’s big corporations that benefit most.


“UK economy lost out on £4.5 trillion because of ‘too much finance’, study finds”
The UK has lost out on a “staggering” £4.5 trillion over the course of two decades because of an oversized financial sector, a new study has found.

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