Finance in the News – w/c 20.04.20

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

FINANCIAL TIMES

“Pension transfers under lockdown”
Market volatility has temporarily halted the £80bn final salary transfer market, yet there is increased desire to cash in.
“Premium Bonds rate reprieve for savers”
NS&I scraps planned cuts to prize fund rate.
“£1m-plus mortgage borrowers pay over the odds”
Interest rate disparity could add nearly £2,500 per month to the cost of servicing a £5m mortgage.
“Thousands could now be eligible for child benefit payments”
Parents who haven’t historically claimed could now do so due to lost income.
“How to teach your children about the stock market”
Lockdown presents a golden educational opportunity, particularly if you work in investment.
“Where to look for the market rebound”
Experts drawn up a list of badly beaten-up stocks that may be worthy of a punt.

THE TIMES

“Avios and coronavirus — how to juggle your loyalty points”
Fears for the future of airlines are making people think twice about holding Avios.
“Reprieve for relatives as care homes pledge not to raise prices”
The UK’s largest care home companies have reassured residents and their families that their fees will not go up despite daily care costs rising by more than a third amid the Covid-19 pandemic.
“Tech stocks and coronavirus — sector offers up a byte of hope”
Global markets have plunged, but the lockdown suits some companies.

THE TELEGRAPH

“How to avoid getting into negative equity if house prices fall: the latest property advice”
House prices are likely to fall, which means buyers with high LTV mortgages could find themselves with assets worth less than they borrowed.
“Five ways you can help the UK economy recover from coronavirus, while helping yourself”
Buy British, retrain and learn a new skill to contribute to the economic recovery.
“Pensioners could foot bill for coronavirus support as ‘triple lock’ guarantee under threat”
Currently, the state pension rises every year by the highest of wage growth, inflation or 2.5%.

THE GUARDIAN / OBSERVER

“UK youth employment prospects crumbling’ in coronavirus crisis”
Employers warn of grim summer for graduates as firms, big and small, trim recruitment.
“British households face disposable income fall of £515 per month”
UK consumers could take £43bn hit as coronavirus crisis ravages UK economy.

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