Finance in the News – w/c 08.02.21

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

FINANCIAL TIMES

“Beware the madness of markets”
From tulips to GameStop, retail investors usually end up losers in speculative booms
“Pensions comparison site in slow start”
Several leading providers have yet to join pioneering government-backed scheme.
“UK platforms see uplift after shorted stocks frenzy”
Younger investors flock to brokerage providers.
“Aspiring property buyers defy warnings of stamp duty crunch”
Lockdowns have prompted reassessment of people’s housing needs, say agents.
“Readers criticise private healthcare costs”
Renewal premiums top the complaints prompted by James Max’s column.
“Silver surge could signal coming commodities boom”
Digital economy will still need metals and minerals.

THE TIMES

“Made a profit from GameStop? Your app just told the taxman”
All investment firms have to pass customers’ trading details to HMRC, warns Ali Hussain.
“Andrea McLean: ‘My big film break turned out to be a tax dodge’”
The Loose Women star has bounced back from financial mishaps to run her own business and a mini buy-to-let portfolio, she tells Nick McGrath.
“The pension funds at risk of a dotcom crash”
Some of Britain’s biggest schemes have built up huge holdings in the tech stocks that many fear are overvalued.

THE TELEGRAPH

“Taxpayers face wrath of HMRC debt collectors as arrears treble in a year”
Those struggling to pay bills amass £65.5bn in IOUs.
“Money Makeover: ‘Will my £140k pension cover lavish holidays and racing cars?‘”
Telegraph experts help reader Malcolm Ash invest for his trips abroad and his hobby racing Caterham cars.
“Gender pension gap causing mortgage crisis for older borrowers”
Retired couples applying for a loan have a gender pension gap seven times the national average.

THE GUARDIAN / OBSERVER

“Banks accused of letting down online fraud victims”
A voluntary scams code on refunds is not good enough, say campaigners, as ‘authorised push payment’ thefts double.
“Are share-trading apps a safe way to play the markets?”
After investors caused havoc on the markets last week in a battle over the shares of a video-game chain, The Guardian explores the promise and pitfalls of the apps they used.

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