'For your protection'

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 10 July 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

When banks stop you spending your own money. Barclays and Santander have banned payments to one of the largest cryptocurrency exchanges while TSB may soon stop payments to all exchanges.

Why tens of thousands of people could be eligible for significant refunds after the HMRC lost what could prove to be a landmark case concerning the way it deals with child benefit paid to high earners.

What will change when the Financial Conduct Authority takes over regulation of pre-paid funeral plans?

Using your money to make a difference – the impact that green or eco-friendly pensions can have on combating climate change.

And financial lessons for cub scouts, following the launch of their Money Skills Activity Badge.

GUESTS: Philippa Hann - specialist financial services litigator at Clarke Willmott solicitors Stefanie Tremain- Director at Blick Rothenburg Sheldon Mills - Executive Director for Consumers, FCA Tony Burdon – CEO Make My Money Matter Jeannie Boyle - Chartered Financial Planner and executive director of EQ Investors

Presenter: Paul Lewis Reporter: Dan Whitworth Production Co-ordinator: Janet Staples Researcher: Stefania Okereke Producer: Joe Kent Editor: Alex Lewis

Transcript

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0:00.0	You're about to listen to a BBC podcast, but this is about something else you might enjoy.
0:05.4	My name's Katie Lecky and I'm an assistant commissioner for on demand music on BBC Sounds.
0:10.8	The BBC has an incredible musical heritage and culture and as a music lover, I love being part of that.
0:17.5	With music on sounds, we offer collections and mixes for everything, from workouts to
0:22.4	helping you nod off, boogie in your kitchen, or even just a moment of calm. And they're all put
0:28.3	together by people who know their stuff. So if you want some expertly curated music in your life,
0:35.0	check out BBC Sounds. BBC Sounds, music, radio, podcasts.
0:41.3	Hello, welcome to this Moneybox podcast.
0:44.3	Tens of thousands of higher-rate taxpayers could get back the money they've paid in arrears of child benefit tax after a court ruling.
0:52.3	Buying a funeral in advance with a prepaid plan will be regulated like other financial products
0:58.0	from next year.
0:59.7	Never mind going vegan or cycling to work, we hear that the best way to tackle climate
1:05.0	change is to make your pension green.
1:08.2	And forget becoming a chartered financial planner. How about tackling the Cubs Scout
1:14.0	Money Skills Activity Badge? Dib, dib. But first, Santander and Barclays have stopped
1:21.0	their customers making payments to one of the world's largest exchanges where people can buy and
1:26.1	sell Bitcoin and other cryptocurrencies. Their
1:29.2	actions follow a consumer warning by the Financial Conduct Authority that the firm, called
1:34.3	Binance, was not authorised, registered or licensed to sell regulated financial products in the UK,
1:40.9	but it appeared to be doing so through its dot-com website. As we reported last week,
1:46.2	the regulator seemed powerless to actually stop it, but then the banks stepped in. On Monday,
1:52.2	Barclays banned customers from making payments to finance, and Santander followed suit on
	...

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