How to boost your finances by claiming free cashback, ditching loyalty and taking heed of a very important deadline…

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 1 September 2017

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hasta La Vista PPI!

Arnold Schwarzenegger has been drafted in as a last-ditch attempt to get the millions of us who still haven't claimed compensation for mis-sold PPI to do so.

In this episode of the podcast, top financial broadcaster Georgie Frost join Lee Boyce and Rachel Rickard Straus of the This is Money team to talk about Arnie's new PPI advertisement campaign and more.

They have a good old chat about the big money stories from the past week and what it all means for you.

We've all heard about PPI a million times, but with half of those eligible still yet to claim, could you still be owed a little windfall?

Lee gives his back to basics guide on what you can do to check – and how you could still be owed some cash even if you've had a claim declined in the past.

Then Georgie makes a case for banning the word 'loyal' when used to describe customers who stay with the same utility or insurance provider for year after year.

Are they loyal, apathetic or unaware that they could get a better deal elsewhere?

Either way, we explain how you can help family and friends to save hundreds of pounds every year (and perhaps even take you on holiday with the proceeds… you never know).

Rachel and Lee also go head to head over cashback websites. Rachel says you can't argue with free cash, Lee finds some arguments against it…

All this and plenty more in another packed episode of the unmissable This is Money Podcast. Enjoy!

Transcript

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0:00.0	Welcome to the This Is Money Show in partnership with NS&I, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their reward-winning website.
0:12.4	I'm your host Georgie Frost and as Simon is taking a very well-earned break somewhere hopefully fabulous.
0:17.5	He's left proceedings in the very capable hands of personal finance editor
0:21.3	Rachel Rickard Strauss and Consumer Affairs editor, Leiboyce, who joined me today. Now, some of the
0:26.4	items that they've been working on, Astellivista, PPI, the time to claim will soon be terminated,
0:32.2	so how do you go about it? How we wish we could say the same for ID fraud. Now scammers are
0:37.3	coining in on insurance cons in record numbers.
0:41.1	Lee the scamman, Boyce, thankfully has some of his top tips at the ready.
0:45.1	Rachel gets fed up with ticking boxes and I take issue with the phrase loyal customers.
0:50.8	Also to say, is it time we Brits broke up with credit cards? Our love of our plastic friends
0:56.1	shows no signs of abating. Plus, is it time the practice of upping your card limit without asking is banned?
1:03.8	And Rachel and Lee go head to head over the issue of cashback sites. All that and plenty more coming up.
1:09.1	Don't forget, you can stay up to date with the latest breaking money news. Just go to this ismoney.com.uk or download the app.
1:18.0	This is Money. Brought to you in partnership with NS&I, giving you 100% security backed by
1:25.7	HM Treasury.
1:28.5	About first, £27 billion paid out to 12 million people in compensation for missold
1:35.6	PPI. That's so far. In fact, it's thought that's not even half the number who are owed money.
1:41.7	And yet, we now have just two years left to get millions to claim.
1:45.4	Now, the regulator has said, you've had long enough and imposed a deadline. That's the 29th of
1:50.3	August 2019 to the audible cheers of the city and the groans of consumer groups. So the FCA,
1:56.6	they've launched a multi-million pound awareness campaign and enlisted the help of Arnold Schwarzenegger, no less.
2:03.8	Sort of, actually.
	...

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