Finance in the News – w/c 11.02.19


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


“Gold-plated dilemmas for half a million who opted for pension freedoms”
Many cashed in defined benefit pots just before the markets took a downward turn.
“‘Stealth tax’ set to raise probate charges for wealthiest”
Estates worth over £2m face maximum £6,000 charge from April.
“UK plans to ease cap on workplace pension fees”
Unions concerned about schemes expanding into assets with performance charges.
“Watchdog urges funds to cut jargon”
FCA announces new rules for UK asset managers.
“Car credit is driving wealthy UK towns into debt”
Concern that saturation of new vehicles will fuel riskier loans in second-hand market.
“Rise of the stay-at-home generation”
Huge increase in the number of 20 to 34-year-olds living with their parents.


“How hotel booking sites are lying to you”
A clampdown on misleading online pricing does not go far enough, campaigners say.
“Don’t panic about the big property fund sell-off”
Investors are pulling out of these unit trusts, but bricks and mortar is a solid investment.
“£55bn of savings lie in dog funds”
Almost £55 billion in savings is stuck in poor-performing funds. What is more, investors are paying about £537 million in fees for the privilege.


“How ‘bank account’ pensioners outsmart the taxman”
Britons have embraced treating their pension like a bank account; according to HMRC, a million people have used their nest eggs in this way.
“Forget free markets: now the minister has a plan for your pension”
Ministers are exploring ways to encourage pension schemes to invest more of their savers’ money into government-favoured, high-risk, illiquid assets in areas like infrastructure, green energy and sustainable technology. Larger workplace schemes could be publicly shamed into hitting targets.


“No-fault divorce to become law”
Couples will no longer have to allocate blame or mutually agree to end their marriages.
“UK house prices fall in January as Brexit puts off buyers”
Biggest monthly drop since April comes while annual growth slows to 0.8%.


“Current accounts in meltdown”
Why the biggest names on the high street are being hit with a deluge of customer complaints.

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