Fraudsters dupe job hunters

The 1-minute read to get the money news you need with expert adviser commentary.

Jobless at risk

Criminals are preying on young people whose finances have been hit hard by coronavirus, posting fake job ads targeting people struggling to find work. 40% of money mules are aged 21-30, and the numbers are on the rise amid the pandemic. Mules allow their bank accounts to be used for money laundering, and take a cut of the dirty cash in return.

Pensions commit to net zero

Major pension funds worth £870 billion have said they’ll cut the carbon emissions of their investments. The pledge by Scottish Widows, Royal London, and Nest to reach net zero by 2050 is the latest in a string of high-profile commitments to green investing.

Cheaper flights?

Taxes could be cut on flights within the UK, according to new plans being considered by the government. Air passenger duty is a tax on flying and is paid per person. The government wants to make internal travel cheaper, and could slash the tax on domestic flights.

Renters return

Central London rentals have seen a surge in interest according to Rightmove, suggesting Londoners are keen to get back to the big smoke as lockdown lifts. The property site’s top 10 most searched neighbourhoods are all in central zones, with a 100% rise in some areas.

Right to repair

From the summer it’ll be cheaper and easier to fix your washing machine, fridge, or TV. Manufacturers will have to make spare parts available at fair prices and make their appliances more energy efficient, to save people money and reduce the environmental impact.