Finance in the News – w/c 31.05.21

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

FINANCIAL TIMES

Inheritance: the taxman’s take
As the pandemic puts pressure on public finances, the UK’s quirky IHT system has come under international scrutiny.
Index providers’ revenues jump to a record $4.1bn in 2020
MSCI and S&P maintain lead over FTSE Russell as overall revenues shoot up by nearly 10%.
How can I protect my son’s finances?
He has Asperger’s syndrome and ADHD and could easily be taken advantage of.
Money Clinic podcast: Should investors believe in bitcoin?
After a volatile week, we hear from investors who have taken a chance on crypto.
Clean energy stocks are as crowded as tech before dotcom crash, says MSCI
Flood of cash leaves renewable sector especially vulnerable to sharp market sell-off.
Why young investors bet the farm on cryptocurrencies
The racy, high-risk asset class has filled a void of investment advice for the average young person.

THE TIMES

Missing signature on my brother’s will tore our whole family apart
An innocent mistake on this crucial document can wreck relationships for ever.
First-time buyers: finally, mortgage rates start to tumble
The arrival of cheaper deals will be a blow to those tied in to high rates.
How to pay less than 10% tax on a £1.7m pension
Forget those 55% tax bills for busting the lifetime pension allowance limit. You can keep the taxman at bay.

THE TELEGRAPH

UK house prices spike 11pc despite looming tax rise
Surging value will continue even when stamp duty increases, experts say as properties jump at fastest pace for seven years.
The sun is setting on cash: just 7% of us will pay with notes and coins by 2024
Use of cash halved last year to 13.4% of spending in shops and the decline is forecast to continue.
Increasing capital gains tax would kill off Britain’s entrepreneurial spirit
Tax hacks: applying income tax rates to property sales and stock market profits would discourage investment.

THE GUARDIAN / OBSERVER

Counting the personal cost: when axing bank branches doesn’t add up
As thousands are taken off the high street, fears grow for the vulnerable left without access to services.
UK petrol prices expected to rise for seventh month in a row
RAC Foundation figures suggest cost of unleaded could reach seven-year high within weeks.

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Other News

How much for a comfortable retirement?

Couples typically need £26,000 and single people need £19,000 a year for a comfortable retirement, new research reveals.

State pension underpayments for women

The state pension has been underpaid for an estimated 200,000 women, and Britons are being urged to check their entitlement.

House prices set to keep on rising

House prices are likely to continue rising for some time despite hitting a new record high in May, one of Britain’s biggest mortgage lenders has said.