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Lockdown savings mean first-time buyers are relying less on the Bank of Mum and Dad


Are first-time buyers weaning themselves off Bank of Mum and Dad? Number funding their own deposits rockets aided by the pandemic
Thanks to the pandemic, 43% of first-time buyers are now paying their own mortgage deposit in full compared to 29% in 2016, according to Purplebricks
Home working and bans on pubs and holidays have allowed them to save
Meanwhile, parents are keen to spend extra cash on a well-earned break 
Could this mark a shift where people in their twenties and thirties rely less on their parents to help them buy a home?   ....

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Divorces don't get messier than among the super-rich


Divorces don’t get messier than among the super-rich
As Bill and Melinda Gates prepare to part, we look at the tricks and tactics that can come into play when one-percenters split
6 May 2021 • 5:00am
In California, divorcing couples cannot lay claim to assets such as holiday homes, as they must split equally
Lockdown has not been easy for billionaires, even Bill Gates. News that the fourth richest couple in the world – worth some $125 billion – are heading for a divorce must have been a champagne-popping moment for the US legal community; the more money at stake, the messier the split. The pair have hauled in top brass to manage proceedings: on Melinda’s side are Robert Cohen and Sherri Anderson – who have a host of A-list clients under their respective belts, including Ivana Trump, Uma Thurman and Jeff Bezos. Bill is leaning on Robert Olsen and Ted Billbe – who made MacKenzie Scott the world’s fourth-richest woman after her marriage to Amazon found ....

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Brits not willing to seek financial advice during pandemic


Brits not willing to seek financial advice during pandemic
By
Tom Higgins
27
th April 2021
4:38 pm
Financial concerns were not enough to encourage more Brits to seek advice during a pandemic, a study from wealth manager Netwealth shows.
Only 15% of Brits have relied more on a financial adviser or wealth manager over the last 12 months in comparison to previous years despite the Covid-19 pandemic.
The survey of 2,041 UK adults aged 35 and over, conducted in February by Censuswide, also found a sharp disparity between men and women choosing to access financial help.
Netwealth chief executive Charlotte Ransom said: “The pandemic has had an impact on the finances of most across the UK, so it is surprising to see such low levels of engagement with financial advisers and wealth managers who can provide much-needed support in navigating significant pressures during this complex period.” ....

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