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Last updated: 15:55 BST, 22 August 2019
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Do older generation enjoy an unfair share of wealth?

Soaring house prices, generous pensions, cheaper university education, and a raft of benefits have entrenched a popular opinion that older people are far wealthier than the young. But their reasons for purchasing homes and saving throughout their lives was to help provide for future generations, according to Saga, a financial services group for the over-50s which polled 5,000 of its members. Its survey found 85 per cent believed that older generations should help younger relatives if they were in a position to do so.

The Science and Technology Committee said personal vehicle ownership was 'not compatible' with meeting clean-air targets and the government should aim to reduce vehicle use.

The 10 best cars with the new '69' number plate

With September just a matter of weeks away, it can only mean one thing for car buyers - a new number plate. But which models should motorists be looking out for when considering purchasing something with the latest '69' plate? Mail on Sunday's Ben Oliver has picked his ten favourite new cars that are due to enter showrooms in the coming months. Cars in the list include (clockwise from top left) the Mini Electric, Peugeot 2008, Audi A1 Citycarver and Toyota Supra.

Colourful plastic is so 2018 - these days, the cool kids want metal debit cards. But just how practical are they, how much do they cost and will people snigger at you in restaurants?

The mis-selling saga that has hung over Britain's biggest banks for most of this decade will finally come to an end on August 29 at 11:59pm, and consumers can no longer claim after that date

Savvy investors will already be wondering how they can cash in on cutting carbon in the longer term. But where are the opportunities and can you invest today?

For current account rewards and interest conditions may apply eg. using provider's full switching service, min deposits and direct debits. For savings, access maybe limited, min/max deposits may apply. See T&Cs. Representative example: If you spend £1,200 at a purchase interest rate of 18.95% p.a. (variable) your representative rate will be 18.9% APR (variable).





FTSE LIVE: Pound spikes after Brexit talks; Laura Ashley slumps into the red

'The last twelve months have proved to be a difficult trading period for the group and indeed for the retail sector as a whole,' said Laura Ashley chairman Andrew Khoo today, as the fashion and homewares firm revealed a £14million loss in its last financial year. Its floral home furnishings appear to have fallen out of fashion, driving a near 10 per cent decline in group sales. Meanwhile, Ocado said there was a 'small fire' just outside its customer fulfilment centre in Erith yesterday evening.

Two groups, including one backed by China's Fosun, are vying to buy a hefty 40 per cent stake in the UAE-focused private healthcare group for up to £1.5billion, according to Reuters.

The retailer's share price has dropped over 11 per cent, with the company revealing it had no plans to declare an annual dividend.

The Government's finances are in a weaker position than analysts expected for the first four months of the financial year, chiefly due to increased spending.

Last night, a 'small fire' started at the group's customer fulfilment centre in Erith, south-west London, and has now been extinguished.

Sabina Estates is the fourth Woodford investment to leave since the stock picker blocked withdrawals from his Equity Income Fund, and his last on the exchange.

Announcing an 'independent and rigorous' review into HS2, Britain's Transport Secretary Grant Shapps said 'clear evidence' was needed before a decision could be made.

Extension envy: A home designed by architect Will Alsop could be yours for £500,000

There are few extensions more unique than one designed by late architect Will Alsop for a couple featured on Channel 4's Ugly House to Lovely House in 2016. While many homeowners build an extension in the hope of boosting their property by thousands of pounds, not many can say they have one with an arched aluminium roof and Alsop's signature port windows. For £500,000, buyers can snap up this 1,026 square foot, three bedroom, two bathroom property on a quiet residential road in Ardingly, located in West Sussex.

How big is your pension, and will it be enough for a comfortable old age?

Millions of middle-aged workers are 'flying blind' towards old age, but it is not too late for them to put their finances straight, according to pension firm Aviva. It has worked out how much you can still save up even if you start late, under auto-enrolment rules. If you are 45 and on an average annual wage of £28,000, you have time to save up £56,100 before you are 65.That includes your own contributions, plus free top-ups from employers and the Government, and investment growth which all compound over the years.

An FOI request revealed that the number of cancelled fines due to cloning has soared in the last 5 years, with one area recording a 697% increase in binned fines in half a decade.

Self-employed face losing homes after innocently using loan charge tax loophole

After recovering from breast cancer, social worker Beverley, 50, from Manchester, decided not to go back full-time and registered as self-employed instead. She set up a limited company to work as a locum and receive payments from her agency. But in 2016, she was told by her agency she could no longer use a limited company because of a new law called IR35. Two years later, she received a letter from HMRC telling her she would be investigated. Beverley, who quit the scheme immediately, says: 'It came like a bolt out of the blue. I am not a tax expert and I feel naive for following their advice.'

All those people who were assured they were acting legally now face losing their homes and businesses - and in some cases even their lives.

Former Work and Pensions Secretary Iain Duncan Smith today calls on Boris Johnson's new government to immediately suspend the tax hunt and launch a review.

ASK TONY: A parcel firm's driver crashed into our 16th-century cottage then failed to

A Yodel driver severely damaged a concrete bollard outside our 16th-century cottage on March 1 this year. It had been put up to protect the corner of the property where the gas boiler is housed. We emailed Yodel with the registration number of the driver's vehicle because he drove off. We received an apology from customer services and provided all the information they requested, including photographic evidence of the damage. We had a reply saying the driver had admitted the damage and we then sent Yodel an estimate for £525 from a local builder. Weeks later, in April, we phoned to be told they had not received the recorded delivery envelope we had sent and asking that we sent the whole lot again.

Previously, only parents and grandparents could buy the bonds for children under 16. The change, first revealed in the October Budget last year, is aimed at helping youngsters get in the habit of saving.

Energy firms hit those who refuse to have smart meters with higher bills

Readers have surged forward to cry foul after we reported that energy suppliers were saving their best deals for those willing to have the gadgets installed. It means those who don't want one are being punished with pricier bills for their gas and electricity. The installation of a smart meter is not a legal requirement, yet more than 100 of you wrote to us to complain that you had been denied a better deal simply because you didn't want one. More than 50 of these letters and emails were from E.on customers. But the regulator is powerless to stop the surcharge - despite some firms admitting it is not fair. Here, Money Mail, speaks to customers who are angry at the smart meter penalty - and explains what you can do about it.

After a two-decade battle for justice, more than 160,000 policyholders will receive a letter this month explaining how the decision could impact their retirement fund.

MARKET REPORT: Oil majors are boosted by recovery in Brent crude

In a boost for traders yesterday, the US reported domestic supplies of the black stuff had fallen for the first time in three weeks. The drop of 2.7million barrels sent prices up as much as 2 per cent and put Brent crude back above the $60 a barrel mark, because consumers in the US will have to buy extra.A change in the oil price usually has a knock-on effect for major drilling companies worldwide - which for Brits often also means their pension pots can take a hit or gain a few more pennies. Shares in London's energy behemoths tracked the price move yesterday, with the largest FTSE 100 company, Royal Dutch Shell, rising 1.8 per cent, or 40p, to 2309.5p, and BP climbing 1.1 per cent, or 5.5p, to 498.85p.

Winning the business would be seen as a huge coup for Brexit Britain, and Treasury ministers are believed to be preparing a new action plan to woo Aramco chiefs in Riyadh.

Crown Prince Mohammed bin Salman, who has pushed the idea of a float as part of a plan to raise cash and diversify the Saudi economy, believes it should be valued at more than £1.6trillion.

J-Lo, 50, and former New York Yankees baseball player Alex Rodriguez, 44, are the latest celebrities to invest in the firm.

With its love of self-help jargon, an over-zealous founder and ambitions for world domination, WeWork has a lot in common with many Silicon Valley titans. But will hype and hubris be its downfall too?

The German investment bank has had its licence to act as a sponsor temporarily revoked by the Financial Conduct Authority (FCA) due to a lack of activity.

Drivers who finance cars with lots of optional extras are being overcharged

As most drivers who finance vehicles hand cars back at the end of the contract, finance companies are being rewarded with more valuable cars that they can make a profit on. With nine out of 10 new cars now financed - mostly on PCP - the majority of new-car customers will be hit with the higher hidden monthly costs, an investigation by BuyaCar concluded.

This month sees the new Mercedes EQC (pictured) hit British roads for the first time, meaning that well-heeled families now have FOUR all-electric luxury SUVs to tempt them out of their Land Rovers.

Since 1 March 2017, motorists caught on their phones have been stung with increased penalties, with offenders receiving £200 fines and six points on their licence.

I want to divorce my violent husband after being estranged for decades

Lawyer Vanessa Friend, pictured left, explains how to get divorced while taking every possible step to protect yourself against a violent spouse. A This is Money reader writes: 'My husband has been missing for 24 years and has a violent past. Due to my wanting to end the relationship with him in the first week of marriage after finding out he had a pregnant girlfriend, this led to serious physical abuse. I cannot find an address for him at all but I know the county he is in. The police told me he was still causing women problems and best to avoid him. What happens if I get divorced?'

MPs on the housing, communities and local government committee - chaired by Labour MP Clive Betts (pictured) - said a shakeup of tax bands is needed to raise billions for local councils.

The market for film memorabilia is worth £330m - could you make a mint?

With many firms offering an online service, you can now also bid from the comfort of you own home. Authentic props from old films have tripled in value compared with ten years ago, according to specialists Prop Store. Meanwhile, the market as a whole has ballooned from an estimated £16 million-£24.5 million to £245 million-£330 million.

As the biggest supermarkets struggled to match last year's heatwave-driven boom, Lidl notched up a sales rise of 7.7 per cent and gained nearly half a million new shoppers.

Can these seven 'safe havens' provide you with shelter from the storm?

The resurrection of US-China trade tensions, the change of direction in US interest rates, emerging market stresses in Argentina and the political uncertainty surrounding Brexit are only a few of the various factors that are unsettling markets during the traditionally quiet summer months.

Warning lights on the global economy have been flashing red over the past couple of weeks with journalists and other commentators queuing up to issue a gloomy prognosis.

The scale of the crisis was encapsulated by the latest BRC-Springboard figures, which found that a tenth of town centre shops currently stand empty - the highest level of vacancies in four years.

Should I buy an annuity to cover care fees for my mum?

We are about to take out an annuity to cover a shortfall in care fees for my 96 year old mother who has just gone into a care home. After Boris Johnson's statement on becoming Prime Minister, do you think this is still a good idea?

Six juiciest football finance stories of summer 2019 on This is Moneyball

The football season is back with bang but what happened off the pitch in the summer when it comes to money created major talking points. Assistant editor Lee Boyce and Georgie Frost pick six of the financial hot topics when it comes to football in the last few months to give their thoughts and opinions.

This 1994 F1 LM (Le Mans) with a gold-plated engine bay has become the most expensive McLaren ever sold at auction and the third priciest British-built motor of all time.

The number of Fords taken in the West Midlands so far this year - 1,557 - has more than trebled from the 489 in 2015 (stock of a keyless entry Ford), the police and crime commissioner said.

Will YOU be left flat broke by the flat rate pension fiasco?

As part of the changes in April 2016 - billed as the biggest pensions shake-up in more than 100 years - a 'flat rate' was introduced. This is the maximum sum available to people with sufficient years of NI contributions made from careers spanning decades. That rate currently stands at £168.60 a week. The new system applies to those who reached State pension age on or after April 6, 2016. So far, this represents 1.1m people out of 13m claiming a State pension. But those falling under the new regime are not always eligible for the new rate. This is the case even when they believe they have enough years of work and contributions under their belt to qualify.



Going global can keep your nest egg growing during market turmoil

The threat of a global recession is hanging over stock markets like the sword of Damocles, but it should not stop investors seeking income from a portfolio of shares bought for the long term. Tomorrow, asset manager Janus Henderson will publish research confirming that, despite the uncertainty gripping share prices, total dividend payments from stock market-listed companies across the globe are at record levels.

For investors with money in shares and investment funds, the temptation will be to bale out before matters get worse. But investors should not act in haste.

Woodford Investment Management was unable to meet their requests because of the fund's heavy exposure to illiquid unquoted stocks, triggering its closure.

SALLY HAMILTON: Buy land - they're not making it any more!

Investors with a portfolio of shares, bonds, commodities and cash might feel smug in the knowledge that they have spread their money wisely. But there is another asset class worth considering - Real Estate Investment Trusts.  Known as Reits, they can provide you with a stream of steady income through investing in various types of property.

Fears of a global recession are growing. Gold thrives in this kind of environment. It is the ultimate safe-haven purchase, the asset that people buy when they are nervous about the future.

Henderson Far East Income currently provides investors with an annual income in the region of six per cent - with dividends paid every quarter.

TONY HETHERINGTON: Easytrade deals are easy money - for a scammer 

I foolishly agreed to invest with I have asked for my account to be closed and the money returned to my M&S credit card, but have been ignored. Mastercard told me that other people were also trying to reclaim money.

Can an e-bike save you money on the commute?

Sales of e-bikes are soaring worldwide, but could the electric revolution save you cash as well as effort? Toby Walne hires one for a day to find out on his commute. He hired one of Britain's best-selling electric bikes - the Raleigh Stow-E-Way at £1,350. He paid £34 to the Bike Studio in Bishop's Stortford, Hertfordshire, to give it a spin.

How much money do I need to save for my pension?

The amount you can save into a pension ultimately depends on what you can afford - but the longer you leave it the more you will need to save. We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?

Nobody likes to think about dying, which could explain why 2.97million families don't have life insurance in place to ensure their mortgages are paid off if one of the main breadwinners were to die.

Best stocks & shares Isas: Pick the best DIY investment platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.

Rightly or wrongly, some people simply want a quick, straightforward route map to investing in an Isa. To that end, this is our distilled guide to getting started.

Best mortgage rates: Compare fixed rate and tracker rate mortgage deals

Mortgage rates may be cheap but Brexit uncertainty is back, and data indicates that it's having an effect on the deasl borrowers are going for. More ten-year fixed rate deals are coming to the market in response to demand.

Ten tips for buy-to-let: Essential advice for property investment

Buy-to-let is much tougher than it once was. But for many Britons the idea of investing in property still appeals, as they trust bricks and mortar and may feel that they can add value to a property. Read our top ten buy-to-let tips

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 Hertfordshire £5,000
£1,000,000 Cheshire West and Chester £5,000
£100,000 Somerset £19,993
£100,000 Inner London £10,000
£100,000 Outer London £13,600
£100,000 Wales £25,000
£100,000 Hereford and Worcester £5,000
£100,000 Staffordshire £30,000
More August 2019 winners
View list of August 2019 winners



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Updated 22 Aug 2019.
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