Finance in the News – w/c 24.05.21

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

FINANCIAL TIMES

Care homes after Covid: counting the cost
Families struggle with bills as charges rise while the government delays reform plans.
UK banks cut rates on multimillion pound mortgages
Interest rates on two-year fixed-rate deals near 1% for wealthy borrowers.
Disputes loom over contractors’ status after IR35 reforms
Half of freelancers surveyed plan to challenge their classification as ‘employed for tax purposes’.
Extend CGT payment deadline on property sales
Raise limit from 30 days to 60, says OTS in wide-ranging review.
Gig workers should get pension rights now, says regulator
Companies should not wait for rule changes after Uber verdict.
Are ageing populations really bad for the economy?
Don’t believe the myth that an ageing population means economic decline.

THE TIMES

Pension freedoms: how they came at a price
George Osborne’s reforms offered us choice to save, invest, or spend our pensions. What happened next?
Want a pension like the public sector? You need to save more
The pension is still fabulous (even if it is not as generous as it once was), but the wages are on average 7% higher than in the private sector, according to the Office for National Statistics.
If you believe in a bounce back, here’s how to invest
Investors are buying UK stocks after years of shunning them. Professional investors from around the world reported their highest exposure to UK equities since March 2014, according to a survey by Bank of America, an investment bank.

THE TELEGRAPH

The best value commuter towns for London’s first-time buyers
Half of London’s employers are planning to keep remote working in some capacity.
Revealed: £54bn in ‘cheap’ tracker funds charge double the headline fee
Supposedly bargain funds tracking the British stock market have the highest transaction costs.
16 million Premium Bond holders have never won a single prize
But 12 savers became millionaires on their first draw.

THE GUARDIAN / OBSERVER

How retirement villages are becoming part of high street life in the UK
After a record number of shop closures last year during the worst recession in history, stores are being replaced with student flats, gyms and crazy golf courses. But in one corner of south London, there is a different approach: retirement homes.
Mortgage competition hots up and rates fall to under 1%. For some
With the cheapest deals targeted at those with a large deposit, here’s how to choose the best on offer.

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Other News

How much for a comfortable retirement?

Couples typically need £26,000 and single people need £19,000 a year for a comfortable retirement, new research reveals.

State pension underpayments for women

The state pension has been underpaid for an estimated 200,000 women, and Britons are being urged to check their entitlement.

House prices set to keep on rising

House prices are likely to continue rising for some time despite hitting a new record high in May, one of Britain’s biggest mortgage lenders has said.