Finance in the News – w/c 29.03.21

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

FINANCIAL TIMES

“The return of the inflation spectre”
Growing worries about the return of a long-forgotten bugbear highlight increasing risks for savers.
“Stop! Don’t lose money to online fraudsters”
As bank fraud hits record levels, here’s how to spot common scams.
“HMRC seeks to support taxpayers with overseas assets”
Awareness of offshore tax obligations is low, tax authority finds.
“Home purchases surge in February as buyers rushed to beat stamp duty deadline”
Purchasers with cash and housing equity lead the charge, leaving ‘have-nots’ behind.
“Pension ‘dippers’ unaware of tax trap”
260,000 savers withdrew money from retirement funds last year, triggering a cut to their annual allowance.
“FCA warns over young people engaging in high-risk investing”
Inexperienced investors face danger of excessive losses on volatile products, says regulator.

THE TIMES

“Neil Woodford scandal: what fund bosses knew but never told us”
The firm overseeing failing fund knew of its risky bets, but didn’t tell investors.
“Why do Islamic savings accounts pay such good rates?”
Sharia banks can’t pay ‘interest’, but they still offer the best deals.
“Dismal Denny is leading a local banking revolution”
Branches are closing left, right and centre, but one small town has found a solution.

THE TELEGRAPH

“Leaving London? The best commuter villages to buy a home in for less than £300k”
The new part-time commute a few days a week means buyers can look further from train stations where house prices are lower.
“Post-pandemic portfolio: the ultimate investments for a £50k pot”
With the end of the pandemic in sight, investors should give their portfolios a spring clean.
“Investment trusts weather dividend storm to raise pay-outs to record levels”
Funds could increase pay-outs this year despite overall market malaise.

THE GUARDIAN / OBSERVER

“FCA under pressure to explain green light for sub-prime lender’s rescue plan”
Cross-party MPs critical of Amigo plan to cap mis-selling compensation while executives get £7m in bonuses.
“Help-to-buy ISAs: how to make the most of a forgotten account”
After a late rush before the scheme closed, hundreds of thousands of savers have not deposited money.

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