Here are five stories clients may have read in the weekend's papers…
Help to Buy MIG scheme praised...
Prime Minister David Cameron has praised the Help to Buy Mortgage Indemnity Guarantee scheme (MIG) and said the money was helping young first-time buyers on average incomes, according to The Guardian. The PM has issued a statement on the scheme's early figures which show 2,000 people have made offers on properties worth £163,000, on average. More than three quarters of these applicants are first time buyers.
House sellers cut asking prices
The Daily Mail reports that thousands of house sellers across the UK are electing to cut asking prices in the run up to Christmas. According to figures from website Primelocation, more than 230 homes in Cheltenham have reduced asking prices, while the same applies to 8,500 homes across London. The paper has a list of four things potential buyers need to know before applying.
The FTSE 100 is on track for its first year of double-digit returns this decade, according to The Times (£). Analysts are predicting a "Santa rally" will boost the index further and generate a record high by the end of 2013. Research from Fidelity has demonstrated how the FTSE has risen faster in the final two months of a year 80% of the time over the past 15 years. Investors are asked to consider whether the possibility of a Christmas rally is reason enough to pick an ISA now rather than waiting until March.
Five things clients will call you about this week
The highlights of the government's Reshaping workplace pensions for future generations consultation document has led experts to question whether future generations will be worse off than their elders, reports The Telegraph. The government's proposals were designed to bridge the gap between the benefits of final salary schemes and the inadequacies of defined contribution, according to the paper, but many have asked whether it has come around too late to make a difference.
Since Prime Minister Shinzo Abe took office last year, Japan's Nikkei 225 index has risen 46%. The stimulus programme - dubbed "Abenomics" - has had a noticeable impact on an economy struggling after two decades of weak growth, leading The Independent to ask whether the easy money has already been made or whether there are still opportunities for investors. Industry experts give the paper their view on where the potential opportunities still lie.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation