Investment

Financial scams ‘now a threat to UK’s security’

Financial fraud should be treated as a national security threat, experts have said. An industry trade body warned criminal gangs were now bypassing banks' advanced security systems and targeting customers directly. UK Finance said £90.5million of APP scams was due to criminals impersonating people such as bank staff or police. The number of individuals being scammed are increasing exponentially and are not being saved, leaving them helpless. _____________________________ How can technology be improved to combat this ever growing issue?

Property Consulting

Some UK property funds defer investor withdrawals:

Pension funds typically hold a small percentage of their assets in real estate, which can offer regular income like a bond but also the opportunity of capital value growth over time. But real estate can be tough to trade in and out of compared with stocks or bonds, meaning property funds have to have special mechanisms which give managers time to sell assets to cash investors out. Many pension funds opted to sell bonds to soothe their liquidity crunches but others are also looking to reduce their exposure to less liquid assets like real estate in the near term, according t

Investment

Renewables companies warn UK revenue cap could deter investment:

Renewable energy companies will tell UK ministers this week that a planned cap on the revenues they generate from sky-high wholesale power prices must not be more punitive than a similar EU policy — or they risk an investment exodus to Europe. Energy industry officials involved in discussions with the UK government say negotiations over the level of a cap will continue this week, with a meeting expected as early as Monday. The proposals could affect companies including EDF Energy, RWE, Octopus Energy, ScottishPower and SSE. This could effect lots of students in student hou

Property Consulting

Property owners could lose up to 99% of the rent charged:

Property owners say they face cuts of up to 99 per cent to the rent they charge telecoms firms to erect phone masts. If the Government’s Product Security and Telecommunications Infrastructure Bill passes its final stages in the House of Lords on Wednesday, it will allow mast owners to bypass the Land Tribunal system that adjudicated rents. Pricing for the right to install telecoms kit is now more closely aligned to utilities such as water, electricity and gas. __________________ This will destroy the economy, what can be done to combat the effects?

Investment

Investment advice must improve after the LDI crisis:

The liability-driven in crisis caused ripples in the pensions market and trustees are taking a step back to reassess the viability of LDI products and take stock of what happened and why. The defined benefit (DB) pensions sector was at the centre of the LDI crisis last week that caused a liquidity squeeze and forced the Bank of England to start temporarily buying long-dated gilts. The value-at-risk (VaR) model has been one of the most common risk measures used in the industry for the past decade or so. Advice from consultants has said that when schemes increase their hedge

Property Consulting

UK house prices fall as mortgage interest rates surge:

House prices dipped by 0.1% in September as mortgage interest are soaring- does this indicate a crash coming. The annual rate of house price growth also slowed to 9.9% in September from 11.4% in August – returning to single digits for the first time since January. It comes after the number of mortgage products available fell sharply following the recent mini Budget and as product choice has gradually returned, lenders have been pricing their mortgage deals upwards. Predicting what happens next means making sense of the many variables now at play and the housing market has

Investment

The UK is in financial turmoil and investments and pension:

There has been a severe blow to ISAs and shares if they are in bond funds as they are now being sold as cautious, safe investments. The ones invested in UK gilts fell by 12% within 2 days of Kwasi Kwarteng's budget. Normally pension funds are steadier than the stock (equity) market, as they have a mix of shares, bonds and property. You have little to worry about if you have a final salary-style pension, where what you get is related to how much you earn. But they are mostly limited to the public sector now. This is almost always a sensible thing to do if you have spare cas

Property Consulting

As the Pound faulters, Singaporeans are looking to purchase properties and travel to England:

The most historic weakening of the British Pound against the dollar is inspiring Singaporean's are looking to buy property in the UK. Properties in Central London are being snapped up as reported by property agents. There are other sorts of taxes that will be applied when buying a property in the UK such as inheritance tax and capital gains tax, which do not offset the benefits of a better exchange rate now.  If one already owns a property, then paying off the debt will be cheaper now, he said, adding that those planning to go for a holiday there will benefit from the bett

Investment

Investment zones could be allowed in England’s national parks:

Recent documents have been released which are suggesting a relax on planning laws and permission could be given even in the most protected national parks. This is to accelerate development. The deadline for councils to apply to host an investment zone is 14 October. The government says the zones “will benefit from tax incentives, planning liberalisation and wider support for the local economy” and will be granted after a “rapid” selection process. Key planning policies to ensure developments are well designed, maintain national policy on the green belt, protect our heritag

Property Consulting

Average UK property costs 7 times the typical wage:

Due to the pandemic, the houses supply were limited and therefore had never been more unaffordable. The average house costs 7 times the amount of an average wage. Despite, the recent property crash of 15%, the mortgage interest rates will further put property acquisition out of reach for many. From the capital to the north the ranges are 11 times the earning to 4 and a half times. This shows that the regional differences are indeed, very stark. This is the case after the stamp duty cuts. _________________________ Do you think this is acceptable and what should be done to