Finance in the News – w/c 24.06.19

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

FINANCIAL TIMES

“Your financial mid-life MOT: is it time for a tune-up?”
As the years roll by your priorities change — and so should your financial planning.
“The Moll Flanders guide to online financial scams”.
The methods may have changed, but the underlying crimes remain remarkably similar.
“UK shareholder rights being eroded, warns Law Commission review”
Pooled nominee accounts mean investors have little say in companies.
“Flip sides of Facebook’s proposed cryptocurrency”
If you worry about privacy, Libra could be a disaster. But consumers may love it.
“Why Neil Woodford has lifted the lid on open-ended funds”
Liquidity crisis has left billions trapped in investor funds.
“Political paralysis in Europe is good news for investors”
There is a wall of pent-up demand behind Brexit uncertainty.

THE TIMES

“New funds will lock in investors to prevent Woodford-style sell-offs”
Funds that limit withdrawals by investors are being developed by investment firms and the Treasury to prevent repeats of the Woodford debacle.
“Savers’ rates melt away as lenders woo homebuyers”
Banks and building societies are hacking back savings deals for loyal customers so that they can offer more competitive mortgages.
“Go east, income seeker, where the sun is rising on shareholder pay-outs”
Dividends, which can be the main driver of investments, are soaring in the Orient despite the US-China trade war.

THE TELEGRAPH

“The five funds that have lost you money three years on from the Brexit vote”
On the anniversary of the vote yesterday, Woodford’s £3.7bn flagship fund was down 19.1% since the referendum, four times more than the next-worst fund. This is despite the average British fund making investors 25% and the FTSE All Share index of all British stocks rising 31%.
“The Corbyn inheritance tax alternative that would ‘wreak havoc’ on families”
IHT would be scrapped under Labour proposals, and replaced with a “lifetime gifts tax” levied on recipients at the marginal rate, with an allowance of just £125,000 of protections – less than half the current £325,000.
“Vampire fees suck £30m a year from pension prisoners”
Thousands of pension investors trapped in suspended funds are having the life sucked from their remaining savings by fees of around £30m a year.

THE GUARDIAN / OBSERVER

“Call for action to stop buyers paying price for new-build delays”
A family can face a bill of thousands when developers don’t complete on time.
“A short working week is good for your mental health – but it made me miserable”
A new study shows working one day a week (and not necessarily more than that) can improve your mood. This doesn’t reflect Adrian Chiles’ experience.

MAIL

“I’m 65 and drawing my company pension, but I’ve kept my job: Should I carry on paying in to the work scheme?”
Steve Webb replies.

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