Finance in the News – w/c 21.06.21

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

FINANCIAL TIMES

“How culture shapes our money mentality”
Human behaviour is much less predictable — or rational — than the finance industry likes to think.
“FCA urges thousands to seek compensation over pension transfers”
Letters sent to clients of IFAs who have since gone bust.
“Surge in workers unwittingly put into ‘tax avoidance’ arrangements”
Supply teachers and agency nurses among those put into umbrella company schemes.
“Who’s afraid of 2.1% inflation?”
Be concerned about the effect on your cash savings and stock markets.
“Time for an investment step change”
Go active in the US to capture mid-cap growth and shift to passive in the UK.
“The million pound pension problem”
Four taxing questions to ask well before your 60th birthday.

THE TIMES

“We lost 90% of our nest eggs backing Osborne’s budget boost for start-ups”
Investors were given tax breaks to help small firms, but ten years on, many are counting the cost.
“Inflation is the silent killer that is stalking all of us”
Last week the Office for National Statistics reported that inflation had climbed from 1.5% to 2.1%.
“Go slow and prepare for the worst”
Six steps to running your own retirement.

THE TELEGRAPH

“Red-hot property market starts to cool as buyers priced out”
The level of sales agreed has fallen, while house price growth has slowed amid a scarcity of homes for sale.
“Where working at home is driving up house prices”
A wave of pandemic relocators mean ‘a few Lambourghinis pass our office every day’, says one Norfolk agent.
“Money Makeover: ‘I’m 42 – can I retire on half my salary at 65?‘”
Times reader wants to save for his future but doesn’t want to compromise on living today.

THE GUARDIAN / OBSERVER

“Do you want your pension to invest in companies harming the planet?”
Environmentally conscious workers are challenging their employers or providers to offer greener funds.
“House asking prices hit record levels across Great Britain”
Rightmove data shows largest June increase since 2015 but economists suggest Covid boom may be fading.

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