Finance in the News – w/c 22.11.21

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

FINANCIAL TIMES

“Crypto fever: the pressure grows on wealth managers”
Many advisers remain sceptical about digital assets but some are being forced to respond to client demand.
“Do you pay too much for financial advice?”
Clients expect ‘advice by Zoom’ to be cheaper than face-to-face.
“Does passive investing stoke inflation?”
The move away from active management has given immense power to the big passive players.
“Should you invest in a startup?”
Angel investors can expect to kiss a lot of frogs — so beware of handing over more capital than you can afford to lose.
“Finance companies must boost clients’ financial literacy”
Business should work with government to close wide gaps in financial knowledge.
“State-backed venture capital group takes stakes in UK start-ups”
British Patient Capital invests in medical tech, data analytics and banking software firms.

THE TIMES

“It’s your fault, not ours, if calling the tax office is too taxing, says HMRC”
Small business owners criticised as inefficient by a service beset by delays.
“Don’t ditch all your income stocks: dividends are back”
David Brenchley looks at the best investments to help you make the most of the recovery.
“A new way to buy that sofa now, and pay for it later”
A new buy now, pay later company will let you borrow up to £3,000 interest-free and pay it back over 12 months. The interest-free credit from Humm, an Australian company founded in 1988 but new to the UK, will be aimed at large purchases such as home appliances and furniture, or optometry, cosmetic and dental work.

THE TELEGRAPH

“‘Green fraud’ to cost Britons £50bn as criminals abuse eco-friendly state schemes”
Taxpayers, consumers and business face new scam epidemic, report predicts
“British shares are the world’s cheapest, but profits are soaring: buy”
Goldman Sachs and JP Morgan are bullish on the UK market.
“Retiring to Australia: the lowdown on tax, property and how to get a tax-free pension”
All the latest advice, and why you might lose that 25% tax-free pension cash.

THE GUARDIAN / OBSERVER

“Why ‘I’ve rented my dress’ could soon be the most fashionable thing to say”
With a younger generation keen to cut down on waste without sacrificing style, online rental apps are taking off.
“‘Everyone is on edge’: mortgage prisoners fear UK interest rate rise”
Thousands trapped on pricey deals as other household costs rise worry about paying bills.

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