You are here: Home - Saving & Banking - News -

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

0
Written by: Adam Lewis
02/09/2016
Missed this week's big money stories? Here's our one-minute summary of the key facts and figures from the last seven days.

Credit cards and loans

The four-day working week started with the depressing news that more than one-third of young adults are already in debt to the tune of about £3k, with few seeking advice when they get into trouble.

Staying on the theme of young adults, it was revealed later in the week that while two thirds of them have financial goals, most don’t have a plan to reach them. A lack of of where to turn for advice, was again pointed to as being a big concern.

Investment

Index tracking funds were in the news this week after Hargreaves Lansdown announced that, for the first time, it was adding 13 passive funds to its Wealth 150 Plus list of recommended funds.

Unsure if passive investing is for you? We published this guide on the pros and cons of using index trackers, versus their actively managed counterparts.

Lastly, with much being written about the current weak state of the pound, we looked at those stocks which are actually benefitting from its recent falls.

Mortgages

With the night tube up and running in London property experts believe it will drive up house prices in the outer suburbs. We looked at which areas will benefit the most.

Meanwhile almost a month on from the first Bank Base Rate cut in seven and a half years,  it was revealed that less than half of UK mortgage lenders have handed the full 0.25% interest rate drop to Standard Variable Rate (SVR) borrowers.

While some rate cuts may not be getting passed on, it was still announced that Brexit has fuelled a remortgage rush by homeowners locking into lower mortgage rates, with remortgaging hitting an eight year high.

 

 

 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Comments are closed.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

  • 'Over the last year, the amount of money saved in Innovative Finance ISAs – or IFISAs – has increased by over 700%'- https://t.co/dPjhoorgPp
  • Sainsbury’s and Asda promise £1bn of lower prices if merger goes ahead - https://t.co/pf3D3sPOXb
  • Are you planning to make a last-minute investment into your ISA or SIPP during this tax year? Here are five tips to… https://t.co/lGjHix7F7y

Read previous post:
Fund manager view: Corporate Europe remains upbeat despite Brexit shock

SW Mitchell’s Stuart Mitchell surveys the lay of the land in Europe some two months after the UK decided to...

Close