Finance in the News – w/c 08.04.19

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

FINANCIAL TIMES

“Beyond Brexit: what it means for your wealth”
As the talks and uncertainty continue, what will be the likely effect on savings, stocks, house-buying and pensions?
“New tax year: the key changes”
Tax-free income allowance will rise along with national insurance contributions.
“Raiding your pension to buy a house is a very bad idea”
Knock-on effects would be devastating for retirement saving and house-buyers.
“Pension schemes given up to four years to set up ‘dashboards’”
Online service still requires ‘significant amounts of work’ says government.
“Dramatic rise in equity release by over-55s to fund retirement”
Homeowners turn to properties to raise finance.
“HMRC’s loan charge assault runs contrary to legal safeguards”
The tax authority has paid lip service to its own rules on time constraints for investigations.

THE TIMES

“Woodford lists assets to avoid breaching EU rules”
Fund manager Neil Woodford has put his stakes in four unlisted companies on the stock market in order to meet regulatory requirements. An EU directive states that funds may not hold more than 10% of their assets in companies that are not listed on the stock market.
“We warned about risky ISAs — now regulators will investigate”
The financial regulator has warned about the dangers of innovative finance ISAs being ranked alongside cash ISAs on comparison websites, after a Money investigation (Innovative finance ISAs allow savers to receive interest tax-free from peer-to-peer lending.).
“Fears of buy-to-let exodus as landlords suffer new tax blow”
Tough new rules on private residence relief and capital gains tax could send investors running for the hills.

THE TELEGRAPH

“Recession warnings are flashing red – is it time for investors to panic?”
Investors have been spooked by one of the most reliable indicators of an impending recession, which has not been seen for more than a decade. Investment banks and asset managers have said the American economy could contract by the end of the year and that investors should limit their exposure to riskier assets and be prepared for a downturn in global stock markets.
“Care home providers still charging ‘exploitative’ death fees”.
Bereaved families are still being subjected to “exploitative” charges by care home providers for the days after their relative’s death, more than a year after action by the watchdog.

THE GUARDIAN / OBSERVER

“Too hot to handle? Don’t be burned on P2P or mini-bond loans”
The collapse of LC&F shows that investments boasting high returns also come with big risks.
“House prices hold up better than forecast amid Brexit doubts”
UK house prices held up better than expected in March as supply constraints outweighed uncertainty over the Brexit process, according to figures from Halifax.

Mail

“Navigating pensions exit penalties”
In the event your pension scheme has severe penalties for retiring early, Steve Webb responds to the question of whether savings should be used to buy an annuity.

Please note that, due to copyright, we are no longer able to include a direct link to the newspaper article.

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