The Sunday Times reports that two leading wealth managers are in merger talks; if Tilney and Smith & Williamson get together, it would create a powerhouse managing assets of £45bn.
They offer advice on how to hold your nerve should the economic storm sink the market after UK bonds hit a negative yield curve for the first time since 2008, just before the global financial crisis.
The paper reports how a Kent couple have taken out a marathon mortgage until they’re 105, and reveals how fewer than 4 in 100 people looking for a mortgage are actually eligible for the deals found by comparison websites.
They also examine a Which? report which reveals that the cost of an IFA’s advice can vary by 1000%.
The Sunday Telegraph warns that annuity rates could hit rock bottom as gilt yields plunge, pointing out that a benchmark annuity bought with £100,000 ten years ago would have paid more than £6,000 per annum before tax; today it would only pay just over £4,000.
They offer advice on how to make the highest return on savings, showing plans for £50k, £100k and £500k.
They advise against the ‘hyperactive’ funds which are wrecking investors’ returns, and suggest that although the markets are falling, it is possible to invest through a recession.
The Mail on Sunday has its first Woodford-free Money section for ages, asking instead if YOU will be left flat broke by the flat rate pension fiasco.
On a positive note, they show how going global can keep your nest egg growing; despite a bad week for the FTSE, there are plenty of opportunities out there.
Masanari Takada, analyst at Nomura, tells the paper that recession is inevitable unless there’s good news in the next two weeks.
They also publish a cautionary tale about investing in Easytrade.biz, pointing out that Easytrade deals are easy money – for the scammer.