Finance in the News – w/c 12.10.20

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

FINANCIAL TIMES

“The US election and your investment portfolio”
How will the result and the fallout from the fractious 2020 campaign affect your money?
“Collapse in new tax probes as HMRC focused on pandemic policies”
Authority steps up inquiries again after lockdown measures ease.
“Small businesses slam banks for restricting bounceback loans”
Mounting concerns over fraud and defaults push lenders to vet new borrowers as deadline looms.
“Is our pre-lockdown pre-nup still valid?”
Case study: We delayed our summer wedding plans at the start of lockdown.
“Pensions: We’re not all in this together”
Whatever keeps politicians up at night, it won’t be retirement planning.
“US election: Don’t just do something, sit there”
If you must bet on the outcome, go to the bookmaker. Otherwise wait things out.

THE TIMES

“Fight banks on fraud; you have a 50-50 chance of a payout”
Data from the Financial Ombudsman Service shows a 42% rise in the number of complaints about authorised fraud (where a customer unwittingly sends their payment to a criminal, as opposed to when someone hacks into your account) between April and June compared with the same period last year.
“How to take on the taxman… and beat him”
Soaring numbers of people are contesting bills from HMRC. David Byers reveals some tips for success.
“Forget Monzo. There’s now a digital bank for the rich”
CA digital bank is to launch next year to rival Coutts, the Queen’s bank. The aim is to give a more bespoke service to the “mass affluent”, defined as people with assets of between £250,000 and £5 million, in addition to the value of their homes.

THE TELEGRAPH

“How much to save to send a child to private school – whether it’s 10 years away or one”
Private schools out-performed state ones during the coronavirus exams. Here we look at how to pay for fees by saving less than £700 a month.
“Why chasing high yields no longer always pays off for buy-to-let landlords”
Property investors in the cheaper markets that offer the best relative returns are now struggling to get tenants in the wake of the pandemic.
“Over half of young first time-buyers reliant on the Bank of Mum and Dad”
Only 30% of adult children expected to pay any of the money back

THE GUARDIAN / OBSERVER

“Rental market reveals UK divide between affluent and deprived areas”
Researchers say tenants in worse off areas more likely to be affected by economic fallout.
“Where have UK house prices increased most – and least – since 2010?”
Value of some homes in Bristol is up by 120%, says Rightmove, but down in parts of Scotland.

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