The Sunday Times reports that Neil Woodford has blamed markets’ “narrow fixation” with global growth for the underperformance of his frozen Equity Income fund — and begun shifting it towards blue-chips such as BT.
Another story tells how when Agi Gamski lost £74,000 to fraud, she sought justice. What she got instead was a £24,000 bill, after a High Court judge ruled she had no real prospect of winning her case against Metro — the high street bank that was used by the fraudster to receive her stolen funds.
Sticking with the high street bank theme, the paper asks ‘since it’s the banks that fall for scams, why should we pay?’ Today, we are told we should cover our own fraud losses, even as scammers exploit bank anti-fraud systems meant to protect us.
Louise Cooper happily admits she’s no stranger to risk, but does she dare cash out her final salary pension? The financial calculations involved in remaining in a scheme or self-investing are daunting — even to a former stockbroker.
The Sunday Telegraph reveals that ‘Ageist’ Saga charges more for buying insurance over the telephone, to the detriment of many of its target audience who don’t use computers.
The paper also suggests that investing in online-focused retail stocks is not the only way to capitalise on the growth potential of ecommerce; Tritax, a Reit, owns very large logistics warehouses in Britain. Demand for these assets is likely to rise as retailers reposition themselves to accommodate a continued shift towards online sales.
They also report that HMRC has collected record income tax after a raid on dividends: they list three ways to pay less.
The Mail on Sunday offers advice as parents are warned their generosity is putting their own old age in peril. They show how readers can be the Bank of Mum and Dad – AND have a golden retirement.
Their Midas share tips reveal ‘The Dogs of the Footsie 2019’ , and how their tips yield an average of 10%, or ten times better than savings.
They mention in passing that Hargreaves Lansdown have been humiliated again: after the Woodford U-turn, now the online broker admits it was wrong to back Burford Capital.