Finance in the News – w/c 26.10.20

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

FINANCIAL TIMES

“The confusing investment path to saving the planet”
Many hurdles have to be overcome to turn your portfolio green, but it is worth making the effort.
“Emotions cost investors dear, research finds”
Knee-jerk reactions and short-term thinking lead to significant losses.
“Anger at government failure to compel pension fee disclosure”
Missed opportunity to streamline presentation of cost information by providers to millions of savers.
“Will I have to pay the 3% additional stamp duty rate?”
Could transferring a rental property to a company allow us to avoid the charge on the purchase of our own home?
“UK dividend cuts deliver another blow to investors”
Shareholder pay-outs by listed businesses have halved in space of a year.
“The fallacy of ESG investing”
Win-win arguments promoting both bigger profits and better social returns are illogical.

THE TIMES

“Monzo: New digital bank, same old paid-for account”
Monzo is following in the footsteps of its high street rivals with a new £15-a-month account as the bank popular with younger savers seeks to make a profit after losses of £113 million last year.
“The $100bn US funds profit grab: is now a good time to buy American stocks?”
Investors are cashing in on their shares, but after the election the market could go either way.
“Retirement trap opens up for the self-employed”
Only a fifth of people who run their own businesses are paying into a personal pension.

THE TELEGRAPH

“It’s easy to bag a free will but your children will thank you if you splash out on a trust”
It’s Free Will Month. Here’s why it’s worth spending a few quid more.
“Four surprise stock market winners you might not have noticed”
Zoom and Ocado have been popular with investors but other success stories have slipped off the radar.
“Families waiting months for inheritance as probate backlog grows”
Complicated estates require physical documents to be passed and checked over by individuals.

THE GUARDIAN / OBSERVER

“Mortgage for average first-time property in Great Britain needs income of £37,096”
At first glance the housing market appears to be thriving: for sale signs are being replaced by sold signs more quickly than ever, estate agents are reporting a surge in the numbers of would-be buyers signing up and the prices properties are being listed at are continuing to climb.
“One in 10 UK workers asked to work by bosses during furlough”
Criminal gangs have syphoned off nearly £2bn in taxpayer funds, say auditors.

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