Vanguard unveils two lifestyle funds aimed at millennials

Fund giant Vanguard has launched two special funds aimed at fresh-faced investors with over 40 years to go before they retire. It claims a 25-year-old investing £100 per month could end up with around £135,000 after 40 years. 

Could you take matters into your own hands, tackle your own temptations and make yourself wealthier - or just happier?

Where are landlords raking in the biggest profits?  

Rising house prices, more stamp duty to pay and less tax relief have all piled the pressure on to landlord finances in recent years but there are still healthy returns on offer in some parts of the UK. Research has looked at annual yields on 500,000 buy-to-let properties across Britain and found that while landlords in London are struggling to make a decent return, those letting out homes in Liverpool are firmly in the black.

Currency traders bought sterling, sending it to €1.15, after the European Commission's announcement that 'sufficient progress' had been made in the first phase of Brexit talks.

Shares in the budget store's parent company Steinhoff plunged another 20 per cent yesterday after ratings agency Moody's slashed its credit rating and raised doubts over how it is run.

If older diesel cars were replaced with newer vehicles, harmful nitrogen oxides emission would fall by 68% a year and vehicles would consume 173bn gallons less fuel annually, Kwik Fit said.

The price of bitcoin whipsawed yesterday, rocketing from below $13,000 to above $16,000 in less than 24 hours - then tumbling 21 per cent in minutes.

EDITOR'S DEALS OF THE WEEK
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).

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MARKET REPORT: Hotels group Millennium & Copthorne soars

Kewk Leng Beng, the 77-year-old chairman of M&C;, who already owns 65.2 per cent of the company through his investment vehicle City Developments Limited (CDL), has offered £2bn to take control of the firm outright. The offer, at 620p per share, is a 38.8 per cent premium to the hotel chain's closing price of 446.7p before an initial proposal was made in August.

Confronted with the not inconsiderable figure of Guy Hands, one does not immediately feel in the presence of a financial titan.

Several strategies are in play. There is the 'two drunks holding each other up' ploy, in which badly placed enterprises embrace in the hope they will be stronger together.

Embattled chief executive Gavin Patterson has told investors the telecoms company is prepared for a situation in which it loses ground to another bidder in February.

Turkey is the top destination for exports of steel from the European Union, taking 18 per cent of exports last year.

As many as 842 section leader posts face the axe, while thousands of workers could see their hours cut as Asda looks at reducing the amount of time spent stacking shelves.

Parents will 'skip meals' in order to buy Christmas gifts

The true cost of Christmas for some has been laid bare by research showing some parents are willing to skip meals and say no to holidays in order to buy gifts. Revealing the pressure that parents feel under at this time of year, one in three admit to dipping into their savings and overdrafts to finance presents, with a fifth admitting it is a huge financial burden.

Accesso Technology's smart watches allow theme-park goers to book rides and find out where the queues are so they don't have to wait in line for hours.

Savers in their 20s can now stash money away for retirement in funds that automatically chop and change their investments as they grow older.

Chalet Huskey in Val-d'Isère goes on sale for £8m

Chalet Huskey is the largest new build chalet to be built in the popular resort of Val-d'Isère in the French Alps, and it is on the market for £8million. As well as an indoor garden with a glass bridge, it boasts an indoor swimming pool, seven bedrooms and a climbing wall. There is also a bar and a dining area that can seat 18 people.

UK equity income funds hammered by withdrawals

Traditionally popular UK equity income funds were hit by heavy withdrawals during October as investors continued to be spooked by the ongoing Brexit saga. Figures from the IA revealed UK Equity Income as the worst selling sector, losing £272million, as private investors pulled out more cash than they put in.

An easy way to help rail commuters paying high train fares

Britain's long-suffering commuters have a problem with sky-high train fares, so what did the Government deliver? An extension of the Young Person's railcard up to the age of 30. But there is a simple solution that could at least ease the pain of people paying thousands of pounds a year to get to work - officially allow people to salary sacrifice their season tickets.

First-time buyer average deposit to hit £81K in 10 years

The average deposit that first-time buyers need to get onto the property ladder is expected to rise to more than £80,000 in the next 10 years. Highlighting the extreme financial pressures placed on those wanting to buy their own home - mortgage broker L&C; created an interactive map that shows how first-time buyers will be affected.

House prices rocket by £8,000 in a year, says Halifax

The average house price is now £226,821 - up 3.9 per cent over the past 12 months - according to the latest Halifax house price figures. Demand continues to outstrip demand, pushing up prices, according to Halifax, with homes as expensive compared to wages as they were at the peak of the 2000s boom.

How to stop your car key signal being hacked by criminals

Where do you keep your car keys overnight? In a drawer? On a hook near the front door? Next to your bed? If the answer is any of the three above, you're one of 96 per cent of motorists that are vulnerable to car thieves using high-tech gadgets to steal vehicles in a matter of minutes.

If Elon Musk had peered out of his California office window last week he might have caught a glimpse of the new electric car that's set to challenge his Tesla brand's market dominance.

Recently, a taxi driver told me how he had taken money out of his Isas - and turned to Bitcoin and Premium Bonds instead. A foolish strategy - or a genius move?

ASK TONY: iPhone delivery was signed for but never arrived

I bought an iPhone 6 on eBay for £200 plus £5 postage. The seller sent the phone to me straight away via Royal Mail's 'signed for' service. Unfortunately, on the day it was apparently delivered, my husband and I were both out. When I got home I saw online that the parcel had been delivered and signed for. I checked with my neighbours and looked for the parcel to no avail. Royal Mail spoke to the driver who apparently said that he had left it in my mailbox.

Savers can now get their hands on four new accounts from National Savings and Investments as it looks to attract more cash into the financial year.

There are no guarantees in the world of investment but experience can be drawn on to help shape decision making. Here a leading expert share his views on what's in store for 2018.

Baby boomers rush for lifetime mortgages

Savings firm Legal & General said it has seen a surge in demand for the products, which allow owners to borrow cash against the value of their house and repay it after they die, plus interest. Retirees are piling into the market so they can release some of the money in their homes without having to downsize. In many cases those in retirement have seen the value of their home soar by hundreds of thousands of pounds.

Sergio Bucher, was paid almost £900,000, plus a payment of £455,184 to compensate him for wages he missed out on with his previous employer, Amazon Fashion Europe.

Berkeley, which specialises in luxury homes in London, said it expects to make profits of £3.3bn over the five years to April 2021. That is 10 per cent higher than the previous target of £3bn.

Lidl spent 22 per cent more on staffing costs in the year to the end of February as increased investment in wages and recruitment pushed its total employee spend to £419m.

A judge in the US has ruled 17 senior executives can be handed the payouts if they meet performance targets for holiday sales - on top of lavish perks they are already given.

Amazon turns British cardboard box maker into FTSE giant

London-based DS Smith, which produces millions of tons of cardboard and plastic packaging a year, joined the FTSE 100 last week. Its customers include Amazon, Asos and Next - some of the most successful retailers to have tapped into the online spending revolution. Yesterday, DS Smith reported sales of £2.8bn for the six months to October 31, up from £1.7bn over the same period five years ago.

It's fair to say that, by and large, 2017 has not been an easy ride for Advanced Oncotherapy investors, but things have started to look up of late and that trend continued this week

The FTSE 100 firm revealed pre-tax profits had soared 36 per cent to £533million in the six months to October 31, driven by strong demand in the South East.

The idea of two of the oldest names in British bookmaking, Ladbrokes and Coral, falling into the hands of Isle-of-Man online gaming group GVC, is both extraordinary and dispiriting.

Christmas has come early for investors in Legal & General after the insurance giant stated it is on course for a record year of profits.

Get an investing Plan B to protect against a market crash

History teaches us that bull runs never last forever and eventually markets will plunge into a bear territory, or even worse face a full-on crash. When exactly this will happen is anyone's guess, so unless you have a fully functioning crystal ball, having a contingency plan is a wise move.

Most major savings providers waited until this week to make changes to their deals, even though the base rate was hiked by 0.25 percentage points to 0.5% a month ago.

Just how much you need to cover essential expenses will be personal to you. But it's not hard to calculate it once you've dug out the relevant paperwork and done some basic sums.

Driving BMW’s futuristic family car the i3s

With the government desperate to get as many drivers to ditch diesel and buy electric cars, it's about time there was a zero-emission model that we can all live with. Is BMW's i3s that car? We took the new family-friendly hatchback for a test in Lisbon, Portugal, to find out.

Should you find yourself putting off renewing your home insurance until tomorrow, or feeling confused by compound interest, you can blame evolution. We explain why and what you can do.

OECD report puts Britain bottom of pension league table

Britons thinking about retirement should not rely on their state pension or face up to a huge fall in earnings, a report from the influential OECD shows. The report that put the UK bottom of the pensions league showed retirees face the steepest income drop compared to any other OECD country - behind Mexico, Poland and Japan - if they rely solely on state pension payments.

Paul Thomas travelled to Taibach, in the shadow of the Port Talbot steelworks, to investigate allegations that workers are being badly advised by financial advisers.

Steelworkers are being told they can have hundreds of thousands of pounds right now - an alluring prospect - if they give up a steady pension income in the future.

Bank branch bloodbath sees 1,000 close this year

Twice as many are closing their doors this year than in 2015 or 2016,So far this year, 962 branches have shut up shop, according to consumer champion Which?. The closures picked up pace last week, when RBS-NatWest announced it was getting rid of one in four of its branches.

Despite petrol and alternative-fuel vehicle registrations rising, a 31 per cent dip in diesel demand saw the total new car market fall by 11.2 per cent year-on-year.

Shops are charging rip-off fees if customers fail to pick up their click-and-collect orders within as little as ten days. The service allows shoppers to order goods online then pick them up in store.

What is a dividend? Watch our simple explainer

And don't think that you have to be a big investor to be affected by dividends. You may be profiting from them without even realising. In this episode of the Big Money Questions, Marcus Stadlmann, chief investment officer at Lloyds Private Banking explains what they are, how they work and how they can make you richer.

Homeowners have been rushing to switching their mortgage to a cheaper deal after the Bank of England raised interest rates last month - but better deals could be imminent.

In the 12 months to March 31, the Pension Protection Fund has doled out £661.3m to 129,661 pensioners - up from £1.4m a decade ago when the PPF launched.

Bitcoin Bay on Caribbean island for sale at £5.3m

The owners of this Caribbean property for sale on Bloody Beach Bay will only accept Bitcoin as payment (and are refusing cash). It follows the phenomenal rise in value of the cryptocurrency. A spokesman for the company selling the property said: "Someone wise or brave enough to have got in early on the cryptocurrency phenomenon could soon be lifting their rum cocktails to toast the bargain of the century."

All investment is risky but some propositions amp up the stakes to levels akin to slot machines in Las Vegas. And that's exactly the category binary options fall into.

Along with other cryptocurrencies, Bitcoin has been backed by famous fans from Baroness Mone (pictured), to reality star Paris Hilton and football manager Harry Redknapp.

UK's drink driving capital of 2017 revealed as Sunderland

Analysis of more than 7 million insurance quotes by comparison MoneySuperMarket has revealed which location has the most drivers with over-the-limit convictions in the last 12 months and also highlighted the occupations with the most drink and drug drivers in the country.

An anonymous bidder has paid £1,345,500 at auction for a 1964 Aston Martin DB5, once owned by the former Beatle, who bought it for £3,800 in the summer of 1964 and later by Chris Evans.

With dealerships desperate to increase their sales figures before the end of the year, you can usually get a good discount on a new car in December. But expect to be stung by insurance.

How do I get Warm Home Discount on my electricity bill?

The Department for Work and Pensions has awarded me a 'Warm Home Discount' payment of £140. When my electricity bill came in this payment was shown on the bill as being £133.43. When I telephoned British Gas they told me that it was a 5% VAT charge.

Lamborghini reveals its Urus supercar SUV

The Lamborghini Urus follows in the footsteps of the 1986 LM002, and the Italian exotic car maker has dropped a colossally powerful engine into a 4x4 to create an offroad family vehicle that will be able to blitz just about everything that comes into its path. Revealed in Italy today, the Urus uses a 4.0-litre twin-turbocharged V8 engine packing 641bhp and will cost £157,800 or $200,000 before tax.

The 'roadworks embargo' will be enforced from 6am on December 22 to 12.01am on 2 January to help people get away this Christmas with 'as little disruption as possible', Highways England said.

The fastest and most expensive BMW M5 has hit the road to deliver the sixth generation of the ultimate super-saloon and Ray Massey for behind the wheel.

Top credit cards for Christmas spending

While Christmas gives many a great day and holiday period to look forward to, it's also one of the most expensive times of year for most families. Whether you are looking to earn rewards or carefully spread out the cost of Christmas, we look at the best credit cards to do so.

How to invest for higher inflation: Buy banks, not beer

Investing for a low inflation world has paid off handsomely in recent years, as defensive shares with a reliable dividend have seen their prices rise substantially. But is it time for a different course of action? Better opportunities lie elsewhere believes Schroders' James Sym.

50 ways to save money....

To clear the average national household debt of £13,000 at 6% interest with a monthly repayment of £100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.

Pick the best (and cheapest) investment Isa 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.

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?

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savings, money, finance, pensions, savings, money, finance, pensions, retirement, coins, pensioners, future, security, insurance, savings, money, finance, pensions

Making the most of a pension is your best chance of securing a decent income when you retire. We explain what you need to know.

Even at a time when we are stretching our finances further to afford a home, moving less, and pushing mortgages beyond 30 years, we still remain captivated by two-year fixed rate deals.

When will UK interest rates rise?

The Bank of England has raised the base rate back to 0.5 per cent. The move up from 0.25 per cent is accompanied by an Inflation Report, which will outline where the bank sees things moving next. Expectations are that rates will not move up swiftly after this first rise, This is Money will bring you the details of the Inflation report and analysis imminently.

What next for mortgage rates?

Borrowers are being offered a raft of cheap fixed rate mortgages as lenders attempt to lure them into remortgaging or buying a home. But HSBC has decided to buck the trend and launch a new rate mortgage that is a tracker instead. We pick out the best fixed and tracker rate mortgages and look at what next for rates.

Ten tips for buy-to-let

For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips

Best paid jobs and biggest pay rises of 2016 revealed

Compare your pay to the national average and see whether your employer treated you to a pay rise in line with the the rest of your profession. Farmers, care and air travel assistants were big winners on the pay scales in 2016. Travel agents, careers advisers and probation officers lost out.

Premium Bonds winners

December 2017
Prize value Winning bond No. Area
£1,000,000 60PV693631 Cornwall
£1,000,000 273WE102226 Kent
£100,000 35RR629565 West Sussex
£100,000 299ET677431 Cumbria
£100,000 251QM976219 Avon
£100,000 155MW909384 North East Scotland
£50,000 80JH932161 London
£50,000 72CY368436 Oxfordshire
£50,000 303YS939445 Essex
£50,000 270VD138656 Buckinghamshire
£50,000 250PF153091 London
More Premium Bonds winners

Tourist rates

Currency Rate Buy now
Updated 09 Dec 2017.
Euro 1.115 Buy Now
US Dollar 1.311 Buy Now
Australian Dollar 1.7534 Buy Now
Canadian Dollar 1.6911 Buy Now
Chinese Yuan 8.5958 Buy Now
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Czech Koruna 28.5416 Buy Now
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Hong Kong Dollar 10.2689 Buy Now
Hungarian Forint 350.652 Buy Now
Icelandic Króna 132.4159 Buy Now
Israeli New Shekel 4.5362 Buy Now
Japanese Yen 149.487 Buy Now
Malaysian Ringgit 6.2624 Buy Now
Mexican Peso 24.4472 Buy Now
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New Zealand Dollar 1.9252 Buy Now
Norwegian Krone 10.9211 Buy Now
Polish Zloty 4.6673 Buy Now
Singapore Dollar 1.7784 Buy Now
South African Rand 17.6493 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 11.1586 Buy Now
Swiss Franc 1.3147 Buy Now
Thai Baht 42.5591 Buy Now
UAE Dirham 4.8422 Buy Now

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