Finance in the News – w/c 28.09.20


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


“Lock down your finances for the coming storms”
From reassessing your investment portfolio to a timely remortgage, FT Money reviews the options.
“Live Q&A: Redundancy and your rights”
FT experts take your questions on the job support scheme and employment rights at noon on Tuesday September 29.
“Lack of overseas buyers hits London’s prime property market”
Sales and rental prices are down in the capital’s most exclusive postcodes — but activity is returning.
“Rivals likely to follow NS&I in cutting savings rates”
Government-backed provider to slash return on income bonds to 0.01% from November.
“When are you going to retire?”
Working out a date is not rocket science, but is far more than a financial decision.
“Birdwatching, investing and the power of specialisms”
Watch out for companies that stray too far from their natural habitat.


“The good news is 634,000 get a fund fee cut. The bad news is that they’ll have to wait 12 years”
Lloyds Banking Group has bowed to pressure to cut charges for almost all its investment customers after admitting that they are paying too much — but some will have to wait until 2032 before they see any benefit.
“Expats hit by Brexit charges on pensions”
As British banks prepare to close accounts for overseas savers, pensioners will have to pay to transfer their money.
“Low rates have been here 11 years: only now do we feel the pain”
Forget the stock market. Shares go up, shares go down, but save regularly and reinvest your dividends and you won’t go far wrong. Boring old interest rates, though, now that is what really matters. Base rates and gilts (that’s the cost of government borrowing) are what matters the most for savings and retirement.


“Wealthy upsizers outnumber first-time buyers for first time in five years as Covid restrictions bite”
Lending restrictions have made purchasing a house almost impossible for fifth of mortgaged buyers and first-timers are hit hardest.
“Legal tax loopholes for property owners: how landlords can pay less”
Harsher tax rules and a forecast house price crash – landlords must prepare now.
“How to invest a £20,000 windfall”
Where and how depends on how long you can leave savings invested.


“Share of UK homes bought by first-time buyers expected to drop”
Zoopla report suggests first fall in five years as Covid crisis sees lenders pull low-deposit mortgages.
“Brexit: EU citizens in UK could be shut out of vital services”
Fears that shift from paper to digital permits could prevent those with settled status accessing jobs, banking and healthcare.

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