Finance in the News – w/c 09.08.21

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

FINANCIAL TIMES

“HMRC closes unit set up to investigate family investment companies”
Authority finds no evidence that the wealthy used FICs for tax avoidance.
“Help tomorrow’s widows prepare for an income shock”
State pension reforms will hit bereaved spouse’s finances.
“UK property boom leaves home-buyers struggling to step up”
Mortgage rates are lower than ever — but can aspiring buyers qualify for them after big price rises?
“What happens when investors lose faith in Beijing?”
It could take China years to win back confidence after recent state intervention in tech.
“Can I use cryptocurrency towards my house purchase?”
My lender tells me they cannot accept it and neither can the conveyancing solicitor
“Taking Aim at a small-cap success story”
It’s not just ‘IHT fever’ that’s powering the UK’s Alternative Investment Market

THE TIMES

“Is your investment fund misleading you about its ethical standards?”
You may have invested with your principles, but your fund could still be backing the regimes in Belarus and China.
“Use your savings to take years off your mortgage”
If your cash is earning next to nothing, you may as well use it to cut the cost of your biggest debt. The Times weigh up the pros and cons.
“‘Rogue adviser tricked our parents’”
The Parkinsons were mis-sold risky funds and defrauded, and now their children have a fight on their hands.

THE TELEGRAPH

​“Banks refusing to lend as buyers overpay for homes”
A wave of ‘down-valuations’ is forcing deals to collapse.
“DIY investors miss out whenever stocks float – here’s how to fight back”
Investors should think small when buying newly listed firms to get ahead of big fund managers.
“British dividends are back with a bang – here’s how to get a 13% yield”
Miners and banks are leading the way for shareholder returns.

THE GUARDIAN / OBSERVER

“UK savings rates are tumbling – what can you do?”
Frustration over choices is putting people at risk of scams but there are accounts worth considering.
“Debt and mental health: Covid has increased the pressure but help is available”
Strain on finances is expected to become more acute as coronavirus support schemes are withdrawn.

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