Finance in the News – w/c 19.09.22

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

FINANCIAL TIMES

“Mortgage rates: act fast as increases loom”
UK Finance estimates that 1.8mn borrowers will see their fixed-rate deals end in 2023.
“Hopes raised of £300mn Woodford payout”
Fund administrator could have to pay penalties and compensation, says FCA.
“Tax traps warning for over-65s returning to work”
UK pensioners in employment at a record 1.4mn in June.
“Higher rents and utility bills pushing people into smaller homes, says Zoopla”
Trend for cheaper flats and houses comes with increase in cost of living pressures.
“Link ‘likely’ to face £300mn penalty over Woodford fund collapse”
UK regulator discloses potential hit to administrator of former star stockpicker’s flagship fund.
“Tech giants’ dive follows a new Cult of Performance”
Remember the lessons of the Nifty Fifty and the MegaCap-8 when you invest over the next few years — price matters.

THE TIMES

“What is the real state of our finances today?”
The charts that show exactly what we are doing with our money.
“Should you give up trying to get on the property ladder?”
First-time buyers may be weighing up the odds of ownership, but it still beats renting.
“Mortgage rates and energy costs are rising: should you become an early quitter?”
As costs soar, it could make sense to pay the penalty and quit your mortgage, savings or energy deals now.

THE TELEGRAPH

“‘I retired early – when should I unlock my £1m pension?’”
Times reader wants to cut down his tax bill while withdrawing £5,000 a month.
“First-time buyers face crunch time to use Help to Buy”
The government-backed scheme closes to new applicants in six weeks.
“The net zero policies that should be torn up to save your wealth”
Telegraph Money breaks down how the Government’s ambitions might be hurting your pocket, and what proposals Liz Truss needs to tear up.

THE GUARDIAN / OBSERVER

“‘Bring a bag and use refills’: how to cut down on plastic waste”
An average household throws out 3,400 plastic items a year – here’s how to shrink that and save.
“Big five UK energy companies turning away new customers”
Home movers and customers seeking better service wrongly told to stay with current supplier because of volatile market.

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