What was in the weekend’s papers? (05/10/2020)

Category: News


“Property sellers risk tax penalty amid housing ‘mini-boom’”

Advisers warn of lack of awareness over shortened deadline for paying CGT.

COMMENT: We looked at this in this post.

“Investment trust boom in wake of Woodford liquidity concerns”

Trust model helps managers control risks of a sell-off when holding unlisted companies.

COMMENT: We do not recommend clients invest in investment trusts for various reasons. One of these is one of the main reasons an investment trust can manage liquidity risk. This is the fact it can trade at a premium or discount. Having to monitor the premiums and discounts for many funds at any given time would be a hefty task. A far easier task is keeping an eye on the fund managers we recommend and how they invest.

“Insurers make pledge on mental health”

Customers complain cover may be refused and decisions are poorly explained.

COMMENT: Once again this shows the importance of getting financial advice. Having the right product for you and your circumstances is important.

“Investing in the UK is far from a lost cause”

Cheap equities will break out at some point, so be prepared.

COMMENT: While, to a degree, we agree with the suggestion that UK Equities are undervalued, studies show that does not mean anything is certain over the short term. Valuation metrics are far more relevant over decades. Once again having a diversified portfolio is key.


“The equity release sales blitz on the elderly”

Katherine Denham became a mystery shopper to find out just how far companies will go to sell products to older customers.

COMMENT: While we do not deal with equity release ourselves, we do not see it as a product to be sold. Instead, we see it as something which may serve someone’s financial plan. For some clients, these products are right for some they are not. We have heard enough horror stories about these products to know how badly they can go wrong.


“’How to invest a £50,000 windfall”

Where and how depends on how long you can leave savings invested.

COMMENT: We look at this in this post.

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