meta_pixel
Tapesearch Logo
Log in
Money Box

Civil Service Pension Loans and Pokémon Cards

Money Box

BBC

Business

4.2825 Ratings

🗓️ 28 March 2026

⏱️ 25 minutes

🧾️ Download transcript

Summary

The number of emergency hardship loans issued to former civil servants who are facing long delays for pension payments is "pitiful" according to a senior MP. Clive Betts, the deputy chair of Parliament's Public Accounts Committee, has told Money Box the loan system is "not adequate" after figures published for the first time earlier this week show fewer than 600 have been issued - compared to many thousands of people who are missing money. The Cabinet Office says an urgent recovery plan is underway and its immediate priority is to stabilise the service. Capita have previously apologised for the delays.

Nearly one in five adults now use Buy Now, Pay Later - instead of paying the whole cost upfront with a debit or credit card you can spread the cost interest free over three or four monthly payments. At one time it was young people driving the rise. But some new research from the Personal Finance Research Centre at the University of Bristol (commissioned by the Aberdeen Group Charitable Trust) suggests Buy Now, Pay Later is now spreading to older people. The number using it in their forties and sixties has grown by a third, with the biggest rise in the last two years among people in their fifties with the number using it up by half.

And, as a rare Pokémon card sells for 12 million pounds at auction - what's the appeal for collectors - and what should you think about when buying them?

Presenter: Paul Lewis Reporter: Dan Whitworth Researcher: Jo Krasner and Niamh McDermott Editor: Jess Quayle Senior News Editor: Sara Wadeson

(First broadcast Saturday 28th February 2026)

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, Music, Radio, Podcasts.

0:07.0

An early start here. It's time to kick off.

0:10.0

Your day. Morning!

0:11.9

What a line-up.

0:13.3

Oh, thanks very much. We do get some great guests on the show.

0:16.1

The crowd is loving this.

0:18.3

Thanks, guys. Thank you. Too kind.

0:20.2

From morning chaos to match day commentary.

0:23.6

And everything in between.

0:25.0

BBC sounds packed with personality.

0:28.8

Hello, welcome to this Moneybox podcast.

0:31.9

More of us are using buy now, pay later, in shops and online.

0:36.2

The biggest growth is among older people, sometimes for

0:38.7

surprising things. And a rare Pokemon card sold at auction last week for 12 million pounds,

0:46.0

three times what the owner paid for it five years ago. Is it a game or an investment?

0:51.6

But first, the number of emergency hardship loans issued to former civil

0:55.9

servants who are facing long delays for pension payments is pitiful. Not my word, but that of

1:02.2

senior MP Clive Betts, who is the Deputy Chair of Parliament's Public Accounts Committee.

1:07.9

He's told this programme the loan system is not adequate, after figures

1:11.5

published for the first time earlier this week showed that just 564 have been issued, while

1:17.5

thousands of retired civil servants have still not been paid their pension, or the lump sum,

1:23.4

which many were relying on to kickstart their retirement. Moneybox listener Alison told us her

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.