Finance in the News – w/c 15.11.21

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

FINANCIAL TIMES

“Investment trusts rediscover their roots with a 21st century twist”
The listed fund vehicles are financing innovation in clean fuels, space and digital infrastructure.
“Equity release surges in latest quarter”
Gifting to family members for housing deposits drives borrowing in the ‘lifetime mortgage’ market.
“Investment trusts with a greener conscience”
Funds differ on what constitutes ESG investing.
“Will UK house prices fall as interest rates rise?”
While rates are expected to rise over the next year, forecasts about price growth vary from a slowdown to an outright contraction.
“Why didn’t the Bank of England act on interest rates?”
With forecasts of 5% inflation next year, rates should surely be on the rise.
“Getting inflationary investing back on track”
Freight-carrying US railways benefit from new technology.

THE TIMES

“Now for the mortgage squeeze”
Not only are rates rising but homeowners could also find it tougher to get new loans or to borrow more.
“Pension withdrawal fees: Don’t let others get rich from your savings”
If you want to take a regular income from your savings, you need to watch out for fees.
“How child benefit chaos cost me £8oo a year in state pension”
A devoted grandmother missed out on pension credits because child benefit reforms are a shambles.

THE TELEGRAPH

“Why the pensions lottery means your pot could be £400k smaller than someone on the same salary”
Small differences in annual returns have a huge impact.
“The new £1bn scandal hitting savers”
Vast sums have been ploughed into eight schemes which promised returns of more than 10% a year by buying stakes in hotels, care homes, car parks and other properties. However, many of the projects were doomed from the start.
“How to avoid the capital gains tax trap when downsizing”
Record house prices and a surge in demand for detached family homes mean many downsizing older homeowners will receive enormous windfalls when they sell up. But the cash generated could be considerably less than they banked on. A capital gains tax trap means downsizers could have to unexpectedly fork out thousands of pounds if they move out of their properties before they sell.

THE GUARDIAN / OBSERVER

“Treasury’s green savings bond offers ‘paltry’ incentive for helping planet”
Rishi Sunak’s budget initiative gives returns of just 0.65% and experts say savers can get far better deals elsewhere.
“Great Britain’s north-south house price divide ‘will narrow over next five years’”
Savills expects prices to rise across the areas, and they could be up by 13% by 2026.

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