Finance in the News – w/c 02.08.21

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

FINANCIAL TIMES

“Loyal insurance customers set to benefit from UK shake-up”
Consumers should take extra care renewing home and motor policies as providers prepare for January launch.
“UK dividends recovery lags behind other markets”
Pay-outs remain below pre-Covid levels amid caution over cash management.
“City high-end housing markets bounce back”
London joins global recovery as wealthy buyers return.
“Why cheques aren’t quite dead yet”
Mobile app imaging breathes new life into payment system still popular with older bank customers.
“Could hybrid working make or break your finances?”
Moving further afield might hit your pay and make it harder to get a mortgage.
“Online launches give black-run businesses a better chance”
Web anonymity helps entrepreneurs avoid some discrimination, but prejudices persist.

THE TIMES

“We’re all being treated like money-launderers”
Banks’ ability to move funds in seconds is staggering. Only it has all now become a little too easy, a little too fast, and banks are slowly starting to shackle the whole system. That’s entirely for their benefit and it is happening because they are in trouble.
“Interest-only loans are back (but just for the rich)”
You can get a super cheap rate, as long as you have a big deposit and earn a fortune.
“Work out if your adviser is worth the money”
How to assess whether a financial adviser is giving you value for money.

THE TELEGRAPH

“‘Makeover Make-over: ‘I‘m downsizing and retiring – how should I invest £400k?’”
Case study assessing whether to invest in property or shares.
“Halifax launches cheapest ever five-year mortgage at 0.98%”
A price war has escalated between mortgage lenders.
“Record number of Londoners flee the capital”
London leavers spent £24bn on homes outside the capital so far this year.

THE GUARDIAN / OBSERVER

“Cost of moving home rises as UK removals firms put up prices”
Prices rise by up to 25% as firms cover wage increases to attract staff amid post-Brexit lorry driver shortage.
“Gender pension gap: how women can boost their retirement pot”
Women on average retire with less than half the income of men. The Guardian talk to three women keen to buck the trend and give six top tips.

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