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The Latest Breaking News from Bestinvest

Market turmoil ‘has exposed vulnerabilities in the UK’s pension sector’

Concerns had been growing that defined benefit pension funds were at risk of being ‘hammered’ by recent market moves, a finance expert said.

The Independent UK

People ‘turning to credit as painfully high bills eat into incomes’

Households are turning to credit to maintain their standard of living, experts have suggested.

The Independent UK

Crypto crash: how a teacher’s dream investment turned into a nightmare loss

Small-scale investors left counting the cost this year after value of digital assets fell off a cliff

The Guardian - UK

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Scottish Widows and former HBOS funds among the UK's worst performing

Report names and shames 31 consistently poor performing funds holding £10.7bn of investors wealth

Insider UK

Average UK house price falls month on month for first time since June 2021

Following a year of exceptionally strong growth, house prices fell by 0.1% month on month in July, Halifax said.

The Independent UK

‘Surprising momentum’ in housing market as prices increase by 11% annually

Nationwide Building Society said it expects the market to slow in the months ahead.

The Independent UK

Credit card borrowing increased in June at fastest annual rate since 2005

Households deposited around a third of the amount in June that was put into banks, building society and NS&I accounts in May.

The Independent UK

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Rate rise spells higher mortgage outgoings amid living costs squeeze

Homeowners on variable mortgage rates will feel the immediate impact of rate rises, but rates on new fixed-rate mortgage deals are also on the rise.

The Independent UK

Credit card borrowing grows at fastest annual rate since 2005

The annual growth rate of credit card borrowing in April was 11.6%, marking the highest rate since November 2005, the Bank of England said.

The Independent UK

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