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60 second news round-up: the top money stories of the week

Paloma Kubiak
Written By:
Paloma Kubiak
Posted:
Updated:
10/06/2016

Missed this week’s big money stories? Here’s our one minute summary of the key facts and figures from the last seven days.

Investing

We’ve an action packed summer of sport ahead of us so we looked at four fund picks for a championship winning portfolio plus this simple strategy could help you double your returns. If you’re new to investing, we run through the protection and compensation you may be due if things go wrong. For the more experienced investor, have you considered investing in overseas hotel developments?

Brexit

As we edge closer to the EU referendum, it’s been revealed that investors pulled £65bn out of the UK within two months and in one extreme case, one pensioner buried £850k of gold in his back garden. Chancellor George Osborne also warned that Brexit could add £1,500 to the cost of your mortgage which the leave camp dismissed.

Pension

Following the news of BHS and Tata Steel collapsing, there has been much in the press regarding defined benefit or final salary schemes so we asked whether you should be worried about your own defined benefit pension? Royal mint this week announced that gold bullion is now available to pension savers but there’s a blow for annuity holders as gilt yields hit record lows.