Finance in the News – w/c 21.09.20

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

FINANCIAL TIMES

“Loan charge deadline reignites debate over tax fairness”
The idea tax law can be changed on a whim is a very worrying development.
“HMRC set to gain new powers to force disclosure of assets”
Finance bill measures would allow tax authority to bypass tribunals.
“Pension transfer advice in short supply”
The number of advisers working in this area has shrunk in the past three years.
“Can I protect my assets from my daughter’s husband to be?”
“I would like everything to stay in the family, going to my daughter and her children”.
“Your savings in the time of pandemic”
Whether you’re a super saver, debt slayer or big spender, finding the right deal on your finances is key.
“Best option for the FCA to boost fund market? Leave well alone”
The ‘greatest good’ choice might be for the regulator to do nothing on further regulation.

THE TIMES

“200%: the true cost of commission”
From car insurance to mortgages, extra charges are almost everywhere and often impossible to unpick.
“Young investors make mistakes, so stop gloating and help us out instead”
When you’re saving for your first home, it can seem impossible to know where — or whether — to invest your deposit.
“From pay to pensions, how to join the self-employed”
If you are thinking of striking out on your own, here are some tips.

THE TELEGRAPH

“Retirees who stick to 4pc ‘golden’ drawdown rule three times more likely to run out of money”
The virus has killed hope of interest rate rises, and pensioners must protect their savings by spending less.
“Gerry Cottle: ‘I’ve been a millionaire and I’ve been bankrupt’”
Circus legend Gerry Cottle tells about his financial ups and downs and buying the world’s longest limousine.
“In your 50s? Why Covid may cost you £100k by age 75”
Pausing pension savings could scupper dreams of a comfortable retirement.

THE GUARDIAN / OBSERVER

“Momentum to focus on resisting evictions during Covid-19 crisis”
Group shifts away from internal Labour politics towards community campaigns.
“Landlords slash rents by up to 20% as tenants quit city centres in pandemic”
‘Race to suburbia’ and a lack of foreign students see rental demand plummet in wake of Covid-19.

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