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.

Articles on this website are offered only for general informational and educational purposes. They are not offered as and do not constitute financial advice. You should not act or rely on any information contained in this website without first seeking advice from a professional. Capital is at risk; investments and the income from them can fall as well as rise.

You are now departing from the regulatory site of Finura. Finura is not responsible for the accuracy of the information contained within the linked site.

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