Finance in the News – w/c 23.11.20

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

FINANCIAL TIMES

“Can you be sure of a comfortable retirement after the pandemic?”
The economic disruption triggered by Covid-19 has required pension savers to revisit their plans.
“Wealth tax risks worsening defective CGT system”
Former HMRC senior civil servant urges MPs to address overall system.
“Pension trustees set to block suspect transfers”
Estimated 40,000 UK retirement savers have been scammed since 2015.
“The coming commodities surge”
As demand recovers, so will value stocks, energy and raw materials.
“Capital gains tax should be fairer and simpler”
Charging CGT at income tax rates is not that controversial — it’s been done before.
“Biden’s win changes the mood music for markets”
But the new president will struggle to unite two Americas.

THE TIMES

“Return of the pension annuity sales scandal”
New rules were supposed to help savers shop around, but five years later nothing has changed.
“Get ready for Christmas Premium Bonds chaos”
Parents and grandparents buying Premium Bonds for children are reporting weeks of delays — sparking fears that many will not be delivered for Christmas.
“How carers and grandparents are missing out on £5bn”
If you are not working you can still boost your state pension.

THE TELEGRAPH

“Landlords snap up flats as yields soar to record high after coronavirus”
Prices for flats have plummeted while rents have remained relatively stable, pushing up the yields landlords can achieve.
“The ultimate buy-to-let practical guide”
What you need to know about maintenance and regulation.
“Bitcoin is back at near-record highs and ‘digital gold’ is a better punt than the Grand National”
There are lots of ways to get exposure to cryptocurrencies – but should you?

THE GUARDIAN / OBSERVER

“Home ‘flipping’ in the UK reaches 12-year high, despite Covid crisis”
One in 40 homes bought were sold again in less than a year; in Burnley it was one in 12.
“Working from home has offered people a glimpse of how things could be different”
For some, exile from the office has been painful. Others want the flexibility it brings to continue, pandemic or not.

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