4.1 • 650 Ratings
🗓️ 11 June 2021
⏱️ 51 minutes
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0:00.0 | Welcome to This Is Money podcast. I'm Georgie Frost and alongside me and editor Simon Lambert today is Assistant Editor Lee Boyce. |
0:06.9 | And coming up is loyalty finally paying off, especially for savers. We look at the banks and building societies pledging the best returns for existing customers. |
0:15.9 | Also today we are a step closer to Britcoin. Who will pay the price as the UK pushes for net zero? Would you be a |
0:22.9 | home booster? And our lead turned from Beach Hut snob to full-on fanboy. Don't be getting |
0:28.1 | to up to date with all the latest breaking money news, just go to this ismoney.co.com. |
0:31.6 | UK or download the app. The first, after years of saying that loyalty quite simply doesn't |
0:37.4 | pay in finance, |
0:39.3 | it seems the tide could be a turning. First, the watchdog announced that insurance companies |
0:44.9 | will finally be banned from penalising loyal customers with higher renewal costs. Now it seems that |
0:49.7 | some banks or building societies are doing the right thing by their savers. |
0:55.9 | Lee, loyalty. |
0:59.9 | Loyalty and insurance is something that we talk about a lot. |
1:02.3 | But what's it like in the world of savings? |
1:04.2 | Well, you're right, Georgie. |
1:08.5 | We do talk about insurance quite a lot and people get quite frustrated when they get their renewal policy, come through the post, |
1:11.6 | and they think, oh, hold on a minute, this seems higher than last year, and then they go |
1:15.6 | and investigate, or they don't, and have to do that whole haggle dance where they go and look |
1:21.3 | for a better deal and then tell their current insurer that they've got this better deal, |
1:25.5 | can they match it? That's been going on for a very long time. |
1:28.8 | And there have been moves in the past to do things like show on the renewal letter, for |
1:34.0 | example, how much you were paying the year before and all that kind of stuff. |
1:38.1 | So in the terms of insurance, we talk about quite a lot. |
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