Finance in the News – w/c 11.11.19

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

FINANCIAL TIMES

“Putting the ‘AI’ into financial advice”
Would you reveal your money wishlist to a chatbot?
“Retail investors fear Labour policies ahead of the election”
Advisers report a rise in clients contacting them asking how to protect their assets.
“UK funds suffer record outflows in wake of Woodford”
Investment Association data show damaged investor sentiment in British equity funds.
“Investing in IPOs is an easy way to lose money”
The struggles of Uber provide a stark lesson of the dangers of buying new issues.
“Election planning for your finances, digital tax returns and balancing your budget”
Taxing questions ahead of the General Election.
“How manners make money in the modern age”
We ignore the reputation economy at our cost.

THE TIMES

“Scourge of the phoney cash Isas advertised on Google”
The Times uncover dozens of companies offering improbable returns through advertisements on Google.
“Borrowers rejoice over the return of the 1 per cent mortgage”
Just when you thought rates couldn’t go any lower, competition between lenders drives them further down.
“Homeowner wins new-build victory over the taxman”
A seller who took HM Revenue & Customs to court after being hit with a £60,000 capital gains tax bill covering a period before the property was built has won his case.

THE TELEGRAPH

“How rogue salesmen hid the real risk of mini-bonds”
Mini-bonds are unregulated assets that allow companies to raise money directly from individual investors. Some offer interest rates of more than 10%, implying very high levels of risk.
“How one family was left £50,000 out of pocket because of a seven-year care funding backlog”.
A major backlog of cases means that some people in care are dying before their funding claim is reviewed, Telegraph Money has discovered.
“’I’m a good earner but I’ve got £90,000 worth of debt. How can I pay it off?’”
Financial hardship can befall anyone. Although her finances had been stable in the past, and she had a relatively well-paid job as a buyer at a joinery company, 40-year-old Anne Rendle’s fortunes turned after her marriage broke down.

THE GUARDIAN / OBSERVER

“Investment funds: where should you go after Woodford?”
More than £3bn will be returned to small investors – experts suggest where to put the money instead.
“I give away half to three-quarters of my income every year”
Allan Saldanha, 41, on how he achieved financial security and now hopes to help save lives.

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

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