Finance in the News – w/c 01.02.21

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

FINANCIAL TIMES

“The coming squeeze on free banking”
With interest rates ultra-low, lenders will seek new ways to make money from retail customers.
“Retirement savers set to pick pension pathways”
Decisions will drive investment strategy for those turning 55.
“Reddit investors’ real power is over Wall Street’s future behaviour”
Trading against hedge funds will not deliver social justice, but a mass movement could curb corporate excess.
“Time to blow up problem debt”
Will we come to see the indebted as victims of the Covid crisis too?
“Try ‘from couch to £5k’ and run the investment marathon”
Savers overweight in cash should consider putting the surplus into funds, stocks and bonds.
“UK pension schemes face new climate risk reporting rules”
Government pushes trustees to assess environmental impact of their investment portfolios.

THE TIMES

“Rise of the amateur investor — is this a new dotcom bubble?”
A new breed of traders flock to the market as experts fear prices are at a peak.
“This isn’t investing, it’s just gambling”
As cash has flooded the markets, equities have shot up. You could just pick a fashionable company (don’t worry about the business fundamentals, just choose anything in tech: Tesla, food delivery, consumer goods), sit back and watch the money roll in.
“How much should I be putting into my pension?”
Katherine Denham looks at what you should be doing with your pension to make sure that your standard of living stays the same after working.

THE TELEGRAPH

“Brexit fears cause 10,000 British pensioners to flee the EU”
More expatriates are returning home than retirees moving to the Europe.
“Missed the tax return deadline? You have a 66% chance of getting out of HMRC’s late payment fines”
HMRC drops £944m out of almost £1.5bn in late-payment charges since 2014, new figures reveal.
“Taxpayers owe £4bn to HMRC as thousands struggle to pay bills”
Three million face double the normal tax bill.

THE GUARDIAN / OBSERVER

“How to invest spare lockdown cash in the stock market … safely”
Shares can seem like a good bet for those with surplus savings when interest rates are so low. But funds can offer an easy way in for novices.
“Who uses social media for financial advice? Lots of people, actually”
GameStop may have brought widespread attention to Reddit’s finance community, but it is just the tip of the iceberg.

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Source: https://www.techlink.co.uk/