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

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Written by: Paloma Kubiak
27/05/2016
Missed this week's big money stories? Here's our one minute summary of the key facts and figures from the last seven days.

Investments

M&G kicked off the week by announcing that it is to cut fund charges for direct customers which is good news for investors, but those who have Merlin in their portfolios should be aware that it’s set to be relegated from the FTSE 100. We looked at what the professionals have been buying and why it’s time UK equity investors check what they’re buying. We also warned that over 55s are at a heightened risk of investment scams.

Pensions

Twice as many workers will save into a Lifetime ISA over their pension suggests a survey, but for those already drawing on pension benefits following the introduction of pension freedoms, the FCA proposed to cap early exit charges at 1%. Pension experts Hargreaves Lansdown this week called for a seven day pension transfer rate and we also heard about the possible effects a Brexit vote would have on your pension.

Saving you money

Despite the stagnant interest rate environment, we hear from a savings expert who says putting money aside is more appealing than ever and we find out what the best course of action is when receiving a financial windfall. In other ways to help you save money, we look at 10 tips to drive down the cost of hiring a car abroad and if you’re selling your home, we compare five online estate agents to see whether the cheap costs really stack up.

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