Finance in the News – w/c 02.09.19

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

FINANCIAL TIMES

“What could be the next banking mis-selling scandal?”
Claims management companies are switching their attention to payday loans, investments and pensions.
“Yorkshire Building Society launches 15-year mortgage fix”
Second such deal allows homeowners to fix rates until 2035.
“The ‘Fire’ movement and the trouble with penny pinching”
Parsimony is a way of life for those who aim to retire in their 30s and 40s — but how practical is it?
“Pension transfer values hit record high”
Bond market movements provide boost to those cashing out of defined benefit schemes.
“Wait until 75 for your state pension? I don’t think so”
While working can be good for your health, it can also make bad health a lot worse.
“UK dividend payments hit historic highs”
Yields are at their highest since the 2008 recession.

THE TIMES

“Even a toddler can learn how to handle money”
Just one in four children aged between 7 and 17 have been taught about basic money management at school, according to the Money Advice Service, and only 43% of 12 to 17-year-olds feel confident managing their cash.
“Bank customers set to foot the bill for fraud compensation fund”
Bank customers may have to fork out about £41m a year under plans to create a pot of money to refund victims of fraud — yet this will cover only a small proportion of the losses from scams.
“Pensions are all about choices”
The media tends to highlight the fees that independent financial advisers may charge rather than tell you how better off you could be on an annuity, especially if it’s linked to inflation.

THE TELEGRAPH

“What to do with £10k: the ultimate plan for a 70-year-old investor”
Whether you have a big family that you want to take care of, need money for care costs or simply want to supplement your state pension with general monthly income, there are plenty of ways to invest in your later years.
“No-deal Brexit could trigger house price falls of 20pc in 2020 – here’s where to bag a bargain”
Analysis by KPMG found that house prices are likely to drop by around 6 per cent across every region in Britain if there is no Brexit deal.
“The global funds that take all the right kinds of risk”
Investors can avoid excessively risky fund managers and still make good returns if they choose portfolios that take the “right amount of risk”.

THE GUARDIAN / OBSERVER

“Millennials most likely to fall prey to bank fraud, Lloyds reveals”
New figures also show over-55s lose the most money per scam on average.
“Government branded immoral over pensions of UK citizens in EU”
Failure to guarantee link to state pension increases for life condemned by campaigners.

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Source: https://www.techlink.co.uk/

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