Finance in the News – w/c 21.10.19

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

FINANCIAL TIMES

“Angry investors count the cost of Woodford collapse”
Fury at decision to wind up fund — yet some still back sacked fund manager.
“You’re wealthy — should you marry in secret?”
Marriage entitles you to substantial tax benefits, but some couples would rather keep quiet about tying the knot.
“Are VCTs worth the risk for higher earners?”
Tantalising tax breaks attract investors, but experts warn over potential volatility.
“How you structure your finances is just as important as what you hold”
Could Retirement Interest Only mortgages be an option for many older people?
“IMF: alternative worries”
Pension fund exposure to alternative assets hits a record high.
“Do budgeting apps really work?”
Users often miss overambitious targets but can make significant savings in specific areas.

THE TIMES

“What to do when you get your Woodford savings back”
If you are a saver bitten by the Woodford scandal who will be looking for a new home for your money, The Times has some of the key questions to ask yourself in your search for a solid return.
“Call that a pension? Brits should save like Australians”
In Australia, employers pay 9.5% of an employee’s gross earnings into their pension — more than three times as much as British employers. And employers’ contribution rates are set to rise further Down Under, to 12% by 2025.
“What landlords need to know about confusing letting rules”
Thousands of landlords face fines or prosecution for failing to get the right licences.

THE TELEGRAPH

“Santander launches lowest mortgage rate for two years”
Is this the last chance to grab a cheap deal?
“Tax hacks: how I increased my state pension by 50%”
Mike Warburton – previously a tax director with accountants Grant Thornton – brings you his best tax-saving tips.
“Why the Brexit deal will reverse Britain’s property market slump”
With the relative certainty presented by a deal, analysts believe that buyers and sellers will soon return to the market.

THE GUARDIAN / OBSERVER

“Regulator acts after ‘illegal’ airport parking scheme collapses”
Investors were told paying £20,000 to acquire places at Gatwick and Glasgow would bring returns of 12%
“Lowest October rise in UK house prices since 2008 financial crisis”
Rightmove says sluggish market and Brexit uncertainty are putting potential sellers off.

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