Investing and Car Finance Compensation

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 8 November 2025

⏱️ 25 minutes

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Summary

The Chancellor wants more people to invest in shares, UK companies and infrastructure projects in a bid to boost growth in the economy. Rachel Reeves argued in her recent Mansion House speech that it would make people better off, but this kind of investment involves risk and is making some people nervous. We put those concerns to Treasury Minister Lucy Rigby.

When is the best time to start a pension? Around 45,000 parents and grandparents seem to think saving should start when you're born. Figures from HMRC show nearly £80 million was invested in private pensions for children in 2022/23 that's up 15%. And the buyers of around 14 million cars who were deceived or misled about the commission paid to the dealer when they took out a car loan are set to receive an average payout of £700 for each deal. That estimate came from the Financial Conduct Authority this week when it set out details of a plan to compensate them, but it's less than the 'up-to-£950' it had suggested just a few months ago.

Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Catherine Lund Producers: Robert Cave, Craig Henderson Editor: Jess Quayle Senior News Editor: Justin Bones

(First broadcast at 12pm on Saturday 11th October 2025)

Transcript

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0:00.0	BBC Sounds, Music, radio, podcasts.
0:07.3	Hello, I'm Kimberly Wilson. I'm a psychologist, and in my new podcast, Complex, I'll be your guide
0:14.4	through all the information and misinformation that's out there about mental health.
0:19.0	I'm joined by expert guests covering topics from people
0:22.5	pleasing to perfectionism, burnout to empathy, to find tangible advice so we can understand
0:28.4	ourselves a little better. Complex with me, Kimberly Wilson. Listen on BBC Sounds.
0:35.7	Hello, welcome to this Moneybox podcast.
0:38.8	When is the best time to start a pension?
0:41.2	When you're born, 45,000 parents and grandparents seem to think.
0:45.8	And the Financial Conduct Authority lowers the level of compensation
0:48.9	for millions of people who were missold alone
0:51.6	when they bought a car on finance.
0:53.7	But first, to round off this investment week on Moneybox, we look at government plans to get
1:00.0	people with cash savings to move them into investments and not just any old investments.
1:05.8	The Chancellor Rachel Reeves has set out her plans to encourage people to put to work
1:10.4	the hundreds of billions of pounds
1:12.1	saved in cash by investing in things like shares in UK companies, infrastructure, and what she
1:18.5	calls innovative start-up businesses. She laid out her plans during her mansion house speech
1:23.8	to the city of London back in July, saying that too much emphasis was being put on avoiding
1:28.9	risk. Moneybox Live was also in the city earlier this week, where we heard from listeners who
1:34.3	wanted to invest but were concerned about doing it. So how will the government's plans to boost
1:40.4	share ownership, and it says, make people better off and help the economy actually work.
	...

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