Finance in the News – w/c 23.03.20

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

FINANCIAL TIMES

“Coronavirus: Retail investors attempt to navigate crisis”
DIY investors and those in pensions drawdown scramble to adapt as stock markets plunge.
“Gold sell-off fails to dent investor enthusiasm”
Retail investors still want to hold the yellow metal.
“What property funds freeze means for investors”
Seven funds holding £12.7bn halt trading in the wake of Covid-19 crisis.
“UK entrepreneurs count the cost of coronavirus”
The offer of financial support from the government is not enough, say small businesses.
“Wealth managers field onslaught of calls from investors spooked by virus”
Clients want reassurance yet remain alive to investment opportunities as markets roil.
“Financial illiterates are in the dark about pension transfer risk”
Too many people have been handed choices they are not equipped to deal with.

THE TIMES

“Pension freedom flaws laid bare”
The virus crisis is hurting those who spurned cash and took more risk.
“The moral questions raised by the coronavirus”
Should you still pay people for services you can’t use? The Times tackles your ethical dilemmas
“Things may never be the same again, but change can be good”
Covid-19 could transform the world at work and the businesses we use. Great opportunities could spring from this turmoil.

THE TELEGRAPH

“Banks banned from repossessing homes of coronavirus-hit customers”
Mortgage customers battling coronavirus need fair treatment from banks, City watchdog warns.
“Property viewings are down 75%: housing market chaos as coronavirus strikes confidence”
Would-be house buyers and sellers are facing a nervous wait to see whether their property transactions can be completed as activity in the housing market hits a coronavirus-enforced slowdown.
“Britain’s five million-strong self-employed army has been thrown a lifeline by the Government – but is it enough?”
People who work for themselves will be entitled to at least £94.25 a week if they lose their income due to coronavirus.

THE GUARDIAN / OBSERVER

“Coronavirus: what your insurance may (and may not) cover”
Travel has been a big issue for many people – but your policy could also help with weddings, income and rent.
“UK government to pay 80% of wages for those not working in coronavirus crisis”
Rishi Sunak announces ‘unprecedented’ scheme offering up to £2,500 a month.

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