Finance in the News – w/c 24.08.20

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

FINANCIAL TIMES

“Pensions cash a temptation for silver job seekers”
If you’re made redundant in your fifties, should you dip into your retirement funds?
“New crop of ETFs offer creative investing ideas for volatile times”
Fresh approaches abound in funds focused on gold, Chinese equities and ESG.
“Will divorce affect my grandchildren’s trust fund?”
Your Questions answered by Lucy Warwick-Ching.
“‘Two companies to pay £10.7m to investors sold risky schemes”
Avacade and Alexandra Associates provided investment services without being authorised by regulator.
“Fall in UK house prices will not help first-time buyers, think-tank predicts”
Resolution Foundation says tighter credit conditions and falling incomes will hamper efforts to get on to property ladder.
“Dividends cut by 445 LSE-listed companies”
Some yields still remain attractive even after changes, analysts say.

THE TIMES

“The mortgage prisoner penalty”
Those already stuck on a higher rate now face an extra charge for complaining.
“Will the economy stop the runaway stock market?”
Share prices are soaring and have become disconnected from the real world. Investors are worried that a crash is coming.
“The bubble may burst, but I’ll keep on investing”
Next month will mark the 300th anniversary of one of the biggest ever stock market shocks, the bursting of the South Sea Bubble. Back then, investors bought into businesses with little or no understanding of how returns would be generated, and soaring share prices became detached from reality. Sound familiar?

THE TELEGRAPH

“Mapped: the rental markets at risk of collapse when furlough ends”
In some parts of the country 40% of workers are on furlough and may be unable to pay their rent if they lose their job come October.
“’It’s daylight robbery’: The Share Centre customer charged £3,000 for five trades”
One 82-year old investor paid the price for the being on the ‘wrong’ tariff.
“How to invest in a recession: property or stocks?”
History suggests stocks perform better just after a recession. But can rental income make up the shortfall?

THE GUARDIAN / OBSERVER

“£9bn bonanza begins as child trust funds come of age”
Next month sees the first raft of an estimated 5.5 million teenagers receiving a pot of cash from a ‘baby bond’. And it couldn’t come at a better time.
“Global dividends plunge by $108bn during Covid-19 crisis”
Study of world’s largest 1,200 companies reveals biggest quarterly drop since records began.

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