Finance in the News – w/c 02.03.20

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

FINANCIAL TIMES

“Campaign for Clear Pension Charges”
Fees for a £1m fund in drawdown vary hugely — and some providers make it very hard to work out what they are.
“Private investors in trading surge as coronavirus sparks market correction”
As world markets take a turn for the worse, investors use ETFs as they hope to profit from any bounce-back.
“Gold surges on spread of coronavirus”
The yellow metal rallies as it is bought as a hedge to a global downturn.
“UK adopts ‘light touch’ on tax rules for contractors”
Treasury bows to pressure over IR35 and allows businesses to avoid penalties in first year.
“No-snow ski insurance lifts off”
Customers have the chance to claim a refund if the white stuff is in short supply.
“Has the bull market run out of puff?”
The global equity market has reached new highs, but has not exceeded previous ratios against cash flows.

THE TIMES

“World’s richest pay millions in ‘mansion tax’ to protect their privacy”
Property acquired through a company allows the true owner to keep their name off Land Registry records. But there is growing concern this mechanism is being abused, sometimes by criminals.
“Shares succumbed to coronavirus, but you’ll be sorry if you sell out now”
Markets have always bounced back from financial shocks and health scares, so hang on in there — and maybe even start buying.
“Coronavirus causes intrepid investors to look east for bargains”
The chaos caused by Covid-19 offers savers the chance to buy into funds at a discount.

THE TELEGRAPH

“’My husband’s care will cost me my £2m house’”
A policy that would have softened the care funding blow for thousands of families who face losing their homes could be scrapped.
“What does coronavirus mean for my travel plans, savings, investments and pension?”
Cancelled holidays and falling stock markets could prove costly. Here’s how best to coronavirus-proof your money.
“Only one in 10 travel insurance policies to pay out for coronavirus cancellations”
Travellers need to ensure their policy has the broadest cover to get any cash back.

THE GUARDIAN / OBSERVER

“UK house prices rise at fastest rate for 18 months”
UK house prices have risen at their fastest rate since mid-2018, after December’s decisive election result triggered a rebound in demand.
“My plans to tax wealth as well as income would create a more equal society”
Under her leadership, Labour would redistribute wealth to tackle entrenched inequality and fairly reward working people.

MAIL

“There’s just over a month to go until the end of the tax year:”
Here’s Holly Mackay’s essential ISA guide to help you bag a savings bargain.

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