Money Box

Starting young to save for retirement


Listen Later

The UK's banks haven't been able to agree who should pay compensation to customers who have had money fraudulently stolen from their bank accounts. Until last May the banks routinely refused to refund these customers. A new Code promised that all innocent customers would be reimbursed from 28 May but that runs out at the end of next month. We speak to Tom Blomfield boss of Monzo, one of the biggest online-only banks.

Can technology be used to make it easier and cheaper for people to borrow money - especially those who use expensive short term credit or have poor credit ratings? That was the starting point for the Affordable Credit Challenge which was launched in July to make loans not only more affordable but also more available to low income households. We find out about the solutions that have made it onto the shortlist.

A few weeks ago we were contacted by a listener who had suggested to his daughter and son aged 19 and 18 that they start a pension. But they told him "it was a bonkers idea". But could they be persuaded it was in fact something worth considering?

And the joke bank notes that made their way into circulation: who bears the cost when they’re discovered not to be legal tender?

Presenter: Paul Lewis

Reporter: Dan Whitworth
Producer: Alex Lewis
Editor: Emma Rippon

...more
View all episodesView all episodes
Download on the App Store

Money BoxBy BBC Radio 4

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

21 ratings


More shows like Money Box

View all
In Our Time by BBC Radio 4

In Our Time

5,426 Listeners

The Documentary Podcast by BBC World Service

The Documentary Podcast

1,807 Listeners

Wake Up to Money by BBC Radio 5 Live

Wake Up to Money

57 Listeners

Global News Podcast by BBC World Service

Global News Podcast

7,657 Listeners

6 Minute English by BBC Radio

6 Minute English

1,749 Listeners

Learning English Conversations by BBC Radio

Learning English Conversations

1,066 Listeners

The Bottom Line by BBC Radio 4

The Bottom Line

36 Listeners

More or Less: Behind the Stats by BBC Radio 4

More or Less: Behind the Stats

897 Listeners

 by Financial Times

53 Listeners

The Infinite Monkey Cage by BBC Radio 4

The Infinite Monkey Cage

2,062 Listeners

Newshour by BBC World Service

Newshour

1,041 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

67 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

85 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

13 Listeners

This is Money Podcast by This is Money

This is Money Podcast

39 Listeners

Curious Cases by BBC Radio 4

Curious Cases

789 Listeners

Cash Chats UK Money & Personal Finance podcast by Andy Webb

Cash Chats UK Money & Personal Finance podcast

7 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

14 Listeners

Which? by Which?

Which?

12 Listeners

On The Money by interactive investor

On The Money

3 Listeners

Americast by BBC News

Americast

702 Listeners

You're Dead to Me by BBC Radio 4

You're Dead to Me

2,988 Listeners

Switch Your Money On by Hargreaves Lansdown

Switch Your Money On

2 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

36 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

9 Listeners