The Sunday Times leads with the 4 fund managers who have lost more of their investors’ money than the discredited Neil Woodford, yet are still reaping huge rewards from their clients.
In another article, the paper notes that even the experts struggle to work out which pension horse to back, saying how impenetrable conditions and opaque calculations make it impossible to assess whether the cash value of any scheme is accurate.
There’s also a feature about the remuneration structure at the heart of the wealth management industry under the provocative headline “We’re being charged a wealth tax – and not by government”.
The Sunday Telegraph reveals the pension firms which can take months to release clients’ savings when transferring their pensions from one provider to another.
They investigate how IHT rules are clogging up the property market by stopping older people from downsizing, due to a lack of knowledge about overcomplicated reliefs specifically designed to prevent the problem.
The Questor column recommends backing the self-help strategy of Rotork’s new chief executive and taking a stake in the control systems company.
The Mail on Sunday looks at the energy giants who are sitting on £1.5bn of customers’ cash, and advises how to demand a refund as the suppliers use customer credit balances as their bank.
There’s a piece about investing in pharmaceutical companies developing cancer-fighting drugs, with a caveat about the risks involved.
They also expose a dodgy ‘bricks and mortar’ bond which falls through cracks – purporting to be featured on the Investment Chronicle website and recommended by the Daily Mail, it looks like a nasty scam.
Tesco’s new Clubcard Plus comes under scrutiny, the question posed being “Can a card costing £95.88 a year REALLY cut your shopping bills?”
