Finance in the News – w/c 16.11.20

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

FINANCIAL TIMES

“Investment trusts stay on course through the pandemic”
The attraction of steady dividends has led to a resurgence in popularity in recent months.
“FCA pressed for details of pension transfers probe”
Regulator has opened fewer than 70 mis-selling inquiries.
“What does CGT review mean for investors?”
Report recommends raising tax rates and cutting allowances.
“Labour calls for UK pension funds to be carbon neutral by 2050”
Opposition party in push to align retirement schemes with Paris climate agreement
“A UK property market mini boom? For houses, yes — but not flats”
Demand for apartments is sluggish with fewer first-time buyers and the pandemic fuelling a search for space.
“How to sell yourself as a jobseeker in lockdown”
You’ll be interviewed via Zoom, but don’t forget to wear smart shoes.

THE TIMES

“Dreaming of a rich retirement? £1m may not be enough”
It sounds a fortune, but the cap on pension saving could leave younger people with below-average income.
“Old-fashioned shares on the rebound”
The best-performing shares in the FTSE 350 in the two days after news of the Covid-19 vaccine breakthrough were “old economy” stocks, such as the retailer WH Smith and Mitchells & Butlers, the high street pub and restaurant chain, that suffered in lockdown.
“The landlords’ dilemma: Sell up or reduce rents”
Almost one third of landlords are planning to sell up as yields fall and changing work habits force people out of cities.

THE TELEGRAPH

“The ultimate buy-to-let practical guide”
Follow these tips on how to navigate the welfare system and what you need to know about the new eviction processes.
“’One million freelancers plunged into debt that will last for ‘years to come’”
Report shows devastating the financial and metal health impact on self-employed.
“House prices begin to fall as sellers scramble to beat stamp duty deadline”
The average price of property coming to the market in October fell by 0.5pc as vendors try to transact before buyers lose the tax incentive.

THE GUARDIAN / OBSERVER

“Rents in British cities fall by up to 15% amid Covid ‘exodus’”
London landlords have slashed rents as tenants in countryside pay more, says Hamptons.
“Why cashing in a pension pot as Covid bites should be a last resort”
It has become a quick fix for more over-55s, but it can come at a high price in retirement.

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