4.2 • 804 Ratings
🗓️ 14 June 2025
⏱️ 26 minutes
🧾️ Download transcript
The fight against what is called push payment fraud - when victims are groomed and manipulated into transferring money to criminals - took a huge step forward in October when new regulations for banks and other finance companies were introduced to make the banks involved liable for the losses. It was the result of years of campaigning which Money Box has reported on from the very beginning. Now the first set of figures since then shows it is working better, but still not perfect. We'll hear from David Geale the Chief Executive of the Payment Systems Regulator.
This week, some of Britain's biggest pension funds have pledged to invest more of the money they look after into UK assets. Seventeen major workplace pension providers have signed the Mansion House Accord, a voluntary initiative which commits them to invest at least 10% of the pension funds into what it calls 'private markets' with half of that invested in the UK. The Treasury says this commitment will drive more investment into infrastructure and businesses, while driving higher returns for savers and reducing risk through diversified asset holdings. We'll speak to the Chief Executive of The People's Pension which is the UK's largest workplace pension fund.
If you get child benefit for a child aged 16 or over it will stop on 31 August unless you tell HMRC to continue paying it. What do you need to know?
And are we becoming too reliant on digital banking when we should all have some cash for emergencies?
Presenter: Paul Lewis Reporters: Dan Whitworth, Eimear Devlin and Catherine Lund Researcher: Jo Krasner Editor: Jess Quayle
(First broadcast 12pm Saturday 17th May 2025)
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0:00.0 | Before this BBC podcast kicks off, I'd like to tell you about some others you might enjoy. |
0:05.1 | My name's Will Wilkin and I Commission Music Podcast for the BBC. |
0:08.7 | It's a really cool job, but every day we get to tell the incredible stories behind songs, |
0:13.5 | moments and movements, stories of struggle and success, rises and falls, the funny, the ridiculous. |
0:19.1 | And the BBC's position, at the heart of British music |
0:21.7 | means we can tell those stories like no one else. |
0:24.5 | We were, are and always will be right there at the centre of the narrative. |
0:28.6 | So whether you want an insightful take on music right now |
0:31.3 | or a nostalgic deep dive into some of the most famous and infamous moments in music, |
0:36.1 | check out the music podcasts on BBC Sounds. |
0:39.9 | BBC Sounds, music, radio podcasts. Hello, welcome to this Moneybox podcast. Big pension firms |
0:47.5 | pledge to invest more money into UK assets, but listeners ask what will that mean for their |
0:52.7 | retirement plans. A warning for parents of children |
0:56.1 | age 16 that their child benefit will stop in August unless they reclaim it. And do you have a stash |
1:03.0 | of cash just in case? But first, fraud is the most common crime in the UK. There were four |
1:10.0 | million incidents of fraud in 2024 just in England and Wales, |
1:14.2 | and it's more than 40% of all crime. |
1:17.2 | The damage done is not just financial. |
1:19.3 | The emotional consequences can be hugely damaging too. |
1:22.7 | I've never felt so violated in my life. |
1:25.6 | And actually even speaking to you this morning, I have huge anxiety. |
1:30.1 | More from Moneybox listener Zara in just a moment. But the fight against what is called |
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