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.

Articles on this website are offered only for general informational and educational purposes. They are not offered as and do not constitute financial advice. You should not act or rely on any information contained in this website without first seeking advice from a professional. Capital is at risk; investments and the income from them can fall as well as rise.

You are now departing from the regulatory site of Finura. Finura is not responsible for the accuracy of the information contained within the linked site.

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

Other News

Morals Versus Money – What Motivates Investors More?

Whilst making money is an obvious motivator for our investment choices, the latest Schroders Global Investor Study has revealed some interesting insights into what is driving investors’ recent investment decisions.

A Guide to Responsible Investing

Net flows into sustainable/responsible funds in the US reached $20.6 billion in 2019, more than four times the previous annual record set in 2018, proving that this type of investing is soaring in popularity and strengthening its presence in mainstream investing.

Preparing your finances for the second wave

If you were not prepared financially for the first wave then that is understandable and you could be forgiven; but if you are not prepared for a second wave then things could get ugly. It is critical that you begin to prepare.