Finance in the News – w/c 10.02.20

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

FINANCIAL TIMES

“Only six out of 10 pensions to appear on new ‘dashboards’”
Pension providers urged to prioritise data clean-up ahead of launch later this year.
“Where are we in the property cycle?”
The relationship between London and regional house prices appears to have changed — and the outlook is uncertain.
“Consumers pay big price after free cash machines close”
Withdrawal fees soar to £104m and banks save £120m in ATM shake-up.
“Spooked UK and US investors retreat to cash”
Fears over political uncertainty drive withdrawals from US equity funds.
“Free trading app Robinhood takes aim at the UK”
What Britain can expect from the US start-up that has shaken up retail investment.
“Coronavirus casts a shadow over markets”
Technology and US markets lead the way for the FT fund.

THE TIMES

“At last, faltering funds are forced to come clean”
Jargon-free value reports shine a light on poor fund performance — if you can find them.
“Child benefit glitch means no national insurance number for your kids”
Jonathan Zenios, a father of three, planned to open a cash Isa for his daughter Sadie, who is about to turn 16. However, he hit a stumbling block when he realised she did not have a national insurance number. The result was that HM Revenue & Customs would not be able to register her tax allowances.
“Advisers spurn investment trusts”
Financial advisers are avoiding recommending investment trusts to clients despite changes to fees that should have made them more popular, a study suggests.

THE TELEGRAPH

“Sajid Javid’s ‘half-baked’ plans for mansion tax and pensions reform risk causing huge losses for savers”
Abolition of higher-rate tax relief on pensions would be ‘an act of fiscal hooliganism’ and savers would suffer huge losses, experts say.
“The ultimate portfolio for a £10k income from a £300k pension”
Three-part series will look at how investors can generate a £10,000 annual income from pension pots of different sizes.
“From DIY underfloor heating to ‘cork houses’: how to make your home ‘green’ and save money”
Grand Designs presenter Kevin McCloud speaks about the most energy efficient projects he has seen.

THE GUARDIAN / OBSERVER

“Leaseholders facing ‘staggering’ bills for ex-council flats”
Right-to-buy owners are up in arms after being charged £24k for a new communal heating system.
“UK house prices rising at fastest rate since February 2018”
Halifax shows rate of growth at 4.1%, partly due to sales delayed amid 2019 uncertainty.

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