Fraud Victims Treasury Meeting and Funeral Scams

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 24 February 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Campaigners for victims of pension and investment fraud met with the Treasury this week. We'll hear from the Conservative MP who is the co-chair of the All Party Parliamentary Group on Investment Fraud, Caroline Nokes, who was at that meeting.

What's the latest for working parents of two year olds planning to take advantage of the free 15 hours of childcare in term time which begins in April?

Thieves are stealing the identities of bereaved families to try and steal money from friends and relatives of the person who has died. The National Association of Funeral Directors says it has seen a spike of such frauds in the past few weeks in Northern Ireland. What do you need to look out for?

And, some new rules started this month for platforms which allow people to sell goods online. We'll clear up some confusion after listeners contacted the programme.

Presenter: Paul Lewis Reporters: Dan Whitworth and Sarah Rogers Researchers: Sandra Hardial and Jo Krasner Editor: Jess Quayle

(First broadcast 12pm Saturday 27th Jan, 2024)

Transcript

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0:00.0	You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one.
0:06.5	I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds.
0:11.2	I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects,
0:16.0	relationships, identity, comedy, even one that mixes poetry, music and inner city life.
0:22.4	So one day I'll be helping host develop their ideas, the next fact-checking, a feature,
0:28.3	and the next looking at how a podcast connects with its audience, and maybe that's you.
0:33.6	So if you like this podcast, check out some others on BBC Sounds.
0:39.5	BBC Sounds, music, radio podcasts.
0:43.1	Hello, welcome to this Moneybox podcast.
0:45.8	Parents are struggling to get the information they need to take up free childcare for two-year-olds,
0:51.1	which is due to start in April in England.
0:54.9	Thieves are stealing the identity of bereaved families to steal money from friends and relatives of the person
1:00.0	who died. And side-hustle hassles. We explain the rules about paying tax when you sell things online.
1:07.7	But first, we return to that story of stolen pension funds and HMRC pursuing victims
1:13.2	for tax on money they no longer have. There's been a development this week, but first let's hear
1:18.8	from one victim of this double attack. Russ Ferris is now a fireman. He had most of his
1:24.1	35,000 pound pension fund stolen from him, and HMRC is demanding tax on that stolen money.
1:31.3	I asked him who advised him to cash in his pension,
1:35.0	which dates back to his time at Royal Mail.
1:37.3	This wasn't done at sort of 3am in a dimly lit car park.
1:48.4	This was done in a you know a financial advisors a government registered financial advisors of this this you know it was it was all done in broad daylight
1:54.0	and all those the forms were signed and and raw mail released my pension to these people.
	...

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