In an article titled ‘The hunt for the real Guy Waltzer’, The Sunday Times reports that investment scamming is on the rise. In the first six months of 2019, savers lost £43.4m to them — an average of £12,200 per case, and an increase of 108% from the same period in 2018. Only £2.9m of this money was recovered.
They also report that the FCA has revealed that 6 million insurance customers – mostly elderly or with poor access to the internet – are hit by a loyalty penalty which costs them £1.2bn in inflated premiums.
Ian Cowie suggests that if you can’t see into the future, get lucky – and reports on the progress of his ‘forever’ fund.
There is also advice for child trust fundholders to consider switching to a Junior ISA.
The Sunday Telegraph explains how Fifties women can boost their state pension payments – even with a five-year wait.
Sam Brodbeck states that the 3,700% hike in death fees is a farce and must be scrapped before an election.
There’s also a story about why an insurer’s definition of a ‘storm’ could damage a client’s payout.
There’s a cautionary tale in ‘I lost £940 of my student loan to fraudsters pretending to be my bank’, while Alice Cooper cheerfully admits ‘I blew all my cash on coke. Luckily, my manager had hidden $2 million’.
The Mail on Sunday tells how ‘the annuities mis-selling racket ripped off an entire generation: as experts warn it is the new PPI, we call for a major inquiry’.
They report that hedge fund titans Odey and Elliott are among the City heavyweights who have ploughed over £100m into Oxfordshire’s Reaction Engines, who have a plan to fly from the UK to New York in an hour.
There is also an item about the £100m fund which invests in smaller Indian firms, and another about how the Ted Baker founder lost £66m in two days.