Plus: should you buy bolivar before Venezuelan inflation hits 10 million per cent?

Wednesday, January 23, 2019

Telegraph Money 

The week's most important personal finance news, analysis and expert advice, from pensions and property to investment ideas and savings tips.

The Telegraph take

By Sophie Christie personal finance reporter

Last week, Telegraph Money broke the news that manipulating a partner’s finances will be treated as a form of domestic abuse for the first time under a landmark bill published on Monday.

Every day, millions of people are prevented from accessing their finances by abusive partners. The new law will enable victims to understand what constitutes abuse and encourage more to come forward, the Government said.

We also reported that four fraud victims lost tens of thousands of pounds because HSBC failed to act on warnings its customers were laundering money.

Despite being tipped off by a fraud recovery specialist that some of its accounts were being used to facilitate illegal activity, the bank failed to act, allowing criminals to get away with 25,000. This is just the latest example of banks leaving consumers in the lurch.

 

Top stories

A fund manager sitting on an inactive horse
Case study Tom Raitt
Bank notes fashioned into a swan
 

Moral Money

A woman surrounded by empty alcohol bottles

Moral Money: 'I donated 2,000 to charity in a drunken fit of generosity – is it ok to ask for it back?'

Read more and have your say here.

 

Investing

 

Fame and Fortune

David Lloyd

David ‘Bumble’ Lloyd: ‘I lost 20k to an investment fraudster over the telephone’

 

Cricketer David Lloyd no longer changes tyres to make ends meet, but he and his wife still like a bargain. Read the full interview here.

 

Pensions

Andy Murray' woes: five ways to prepare if illness forces you to quit work

Top up your state pension now to save hundreds of pounds

Tax trap means more than 200,000 parents could lose out on state pension

 

Questor

A researcher holding a petri dish
A Vodafone store
Hugh Young, one of Britain's most experienced emerging market investors
A commercial property
 

You have the last word...

JP Law said about Ministry of Justice failed to assess costs of probate before 3,770pc ‘death tax’ fee increase: "Just goes to show that once you have given government power to take and spend people's money, they will do so on an ever increasing basis."

David Sumner said about borrowers left high and dry as mortgage lenders withdraw from the market: "The Central Banks have blown the housing bubble to the limit and wise lenders realise that even a small recession will see large scale defaults and negative equity. Just about the only thing the Bank of England can do now is give away money free to maintain the status quo."

Benjamin Hooper-Spires said about Brexit indecision blamed for bleakest housing market outlook in 20 years: "I hope there's a house price crash. I want my children to be able to afford houses. The market has been such that my house has increased in value so much that I couldn't afford it if it was on the market today. A ludicrous situation."

 
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Contact us: to pose a question to our team of expert reporters, email moneyexpert@telegraph.co.uk. If you'd like a free financial plan, email money@telegraph.co.uk with the subject 'Give me a Money Makeover'.

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