July 31, 2021

Access to accounts

27 minutes

A new plan has been brokered to cut down on aggressive debt collection by bailiffs. Will it work amidst fears of a post-pandemic surge in debt problems?

Tesco and M&S are both closing all the personal currents accounts they operate. What does this say about the role of supermarkets as financial institutions, and what should you do if you’re affected?

Digital current account provider Pockit says it’s had to freeze around 1,000 accounts due to suspicious activity reports. A number of those customers say they are taking legal action to get access to their cash.

And how can a pension fund you have paid into disappear as charges erode its value.?

GUESTS:

Joe Shalam - head of the Financial Inclusion Policy Unit at the Centre for Social Justice

Peter Hahn - Emeritus professor at the London Institute of Banking & Finance

Helen Saxon – banking editor at MoneySavingExpert

Gina Miller – founder of the True and Fair Campaign

Presenter: Paul Lewis

Reporter: Dan Whitworth

Production Co-ordinator: Janet Staples

Researcher: Sowda Ali

Producer: Joe Kent

Editor: Alex Lewis

...more

View all episodes

By BBC Radio 4

4.1

2121 ratings