For the second week on the trot, The Sunday Times is giving St James’s Place both barrels – twice over.
First, there’s an admission as “SJP comes clean: your pension shouldn’t pay for our holidays”.
But the glow of contrition doesn’t last long as a later headline reads “More mis-selling at SJP firm accused of forgery”.
Then we’re offered the revelation of a leaked call from one of SJP’s own advisers pleading for ‘expensive’ fees to be removed; indeed, in response to last week’s revelations many current and former SJP advisers have been in touch with the paper and the overall tenor is summed up in another mildly critical headline, “Dinosaurs are clinging to their old ways”.
All in all, a tough day out of the office for Britain’s largest wealth manager.
The Sunday Telegraph explores the mortgage black hole whereby 35-year loans leave homeowners paying £80k over the odds.
It asks if a Brexit hedge could help investors take advantage of record transfer values, and goes inside the secret nuclear bunker that stores digital gold for the super rich – ‘the Fort Knox of Bitcoin’.
Questor reckons that despite tough markets, there should be more in the tank for Inchcape and therefore recommends holding.
The Mail on Sunday warns that over 150 people a week are being lured into a ‘money mule’ scam that leaves them facing jail and barred from using a bank account for up to 6 years. Students and strapped for cash middle-aged workers are the prime targets for these money launderers.
An eye-catching headline reads “Income slashed! Brexit fears on the rise! How to stop YOUR whole life’s pension savings from becoming an Annuityville Horror”, while a slightly more discreet article examines how much people should save into a pension, noting that millions of workers are unsure what they need to put aside for a comfortable old age.