How to invest your children’s inheritance

Increasingly grandparents are splitting inheritance money between both their children and their grandchildren, according to the Telegraph’s personal finances advisor, Jonathan Jones. Sam Jennings of Jennings & Co Financial Planning advised parents to invest larger sums of their children’s money in a trust. Alan Chan of IFS Wealth & Pensions said for smaller amounts, parents might want to look at taking out a Junior Isa. He said that for very young children, it’s best to invest the money in the stock market because historically it has been the best-performing asset to buy for the long term (over 10 years). He advised parents to dial down the risk as their child gets older.
Telegraph

Election result boosted housing market

 

December 2019 saw a rise in reported home sales for the first time since May 2019, according to a monthly survey of estate agents by the Royal Institution of Chartered Surveyors. Respondents also said that they were expecting higher house prices in the near term across all parts of the UK. However, there have been early indications that consumer sentiment has improved since the election last month. London and East Anglia were among the regions where sentiment improved the most, while sales in Northern Ireland and Scotland weakened, according to the institution’s survey. Buyer demand, measured by the volume of new enquiries, increased in most areas last month, with estate agents in Wales and the North East reporting particularly solid growth. Simon Rubinsohn, RICS’s chief economist, said the survey “provides further evidence that the housing market is seeing some benefit from the greater clarity provided by the decisive election outcom e”. However, he warned that the lack of houses on the market could be a “potential drag on a meaningful uplift” in sales.

The Daily Telegraph, Page: 3 The Times, Page: 41 Yorkshire Post, Page: 6 I, Page: 41