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

Paloma Kubiak
Written By:
Paloma Kubiak
Posted:
Updated:
08/07/2016

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

The first half of 2016 has been a whirlwind and during this time, emerging markets and gold have performed well in a volatile environment. However, this week hasn’t been good for property funds as a number have frozen trading so we ask whether investors should be worried. Given the decline in gilt yields, we look at whether now’s a good time for yield-starved investors to consider corporate bonds. New research also shows how dividend growth is more important than headline yield and for savers, there’s more bad news as markets are pricing in a 78% chance of an interest rate cut next week.

Pensions

Following the Brexit vote, annuity rates have plunged to new lows as a £100k pension pot will now get you an annual income of £5k. New research suggests that the vast majority of people are puzzled by pension freedoms and worryingly, young adults are pessimistic about the future of the state pension.

Household bills

You might not be wasting your time on social media as research shows that complainers posting on Facebook and Twitter for instance have pocketed £140m in refunds and gifts. We also revealed how daughters cost thousands of pounds more to raise than sons and if you’re thinking of your next family holiday, be aware that parents have been fined £5m for pulling their children out of school during term time to save money. It’s also been bad news for motorists as they’ve been hit by a fourth month of fuel price rises and if you’re getting married, we look at whether it’s worth getting wedding insurance.