Money Box Live: Investing

Money Box

BBC

Business

4.2 • 825 Ratings

🗓️ 28 June 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Financial Conduct Authority is concerned that young people in particular are turning to bloggers and influencers for investing advice - without fully understanding the risks. Scammers are also using social media platforms like Instagram, Facebook, YouTube and TikTok to target people, as the cost of living pushes people to look for high return investments.

In this podcast, we discuss what red flags to watch out for and how easy it can be to end up parted from your money.

The experts on the panel are Giles Mason, Director of Campaigns at UK Finance, Laura Suter, Head of Personal Finance at AJ Bell and Sharon Davies, CEO of Young Enterprise.

Presenter: Ruth Alexander Producer: Amber Mehmood Reporter: Sandra Hardial Editor: Elisabeth Mahy

If you have been affected by the issues covered in this podcast, visit BBC Action Line for advice or support: https://www.bbc.co.uk/programmes/articles/375cB1pZ3FwFRQMh9zLxZhb/information-and-support-fraud

(First broadcast 3pm, Wednesday 21st May 2023)

Transcript

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0:00.0	On a winter's night in 1974, a crime took place that would obsess the nation.
0:07.0	It was an extraordinary news story.
0:09.0	The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,
0:14.0	mistaking her for his wife, then somehow just disappeared.
0:18.0	One of the great mysteries in English criminal history. We're still looking for Lucan.
0:21.6	It's honestly one of the most powerful stories of my lifetime.
0:25.6	I'm Alex Fondunzelman.
0:26.6	This is The Lucan Obsession.
0:28.6	Listen on BBC Sounds.
0:30.6	Okay, I'm not going to explain now, but just hear me out.
0:35.6	Listen to this.
0:36.6	Strapin. This is BBC Radio 4. I remember hearing this and I was like, hold on for dear life.
0:43.7	UK station of the year.
0:46.2	I'm coming out. We're going to interrupt you because Chris Mason has news.
0:51.5	The Prime Minister has agreed to stand down.
0:55.6	A year to remember.
0:57.2	What hell just happened?
0:59.1	With powerful documentaries.
1:03.9	They say at the heart of every conspiracy theory, there's a kernel of truth.
1:05.7	Hard-hitting interviews.
1:07.9	How did you survive, not only.
1:10.6	I think it was my faith.
	...

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