Pension credits and the TV licence
Money Box
BBC
4.2 • 825 Ratings
🗓️ 15 June 2019
⏱️ 29 minutes
🧾️ Download transcript
Summary
An inquiry has been launched into the potential mis-selling of leasehold properties. The Competition and Market Authority are aiming to shed light on potential misleading practice and unfair terms to better protect people buying a home in the future. What difference could it make to the lives of many whose homes have become unsellable?
We speak to some of the British Steel workers persuaded to transfer out of their final salary pension schemes by rogue advisers. This week the Financial Conduct Authority visited Port Talbot to answer some of their questions.
Earlier this month, the Equity Income Fund run by fund manager Neil Woodford suspended withdrawals by its investors. We hear from a listener whose money became trapped in the fund despite requesting a withdrawal more than 72 hours before the fund was frozen.
And after the BBC announced this week that many over-75's would have to start paying for their licence fee, we find out who will still be able to get it free.
Presenter: Paul Lewis Reporter Dan Whitworth Producer: Alex Lewis Editor: Emma Rippon
Transcript
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| 0:00.0 | In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers. |
| 0:08.0 | But the man who often found, tortured and sometimes killed these people on behalf of the IRA |
| 0:12.0 | was himself an informer, a secret British army agent with the codename Stakeknife. |
| 0:18.0 | Who gets to play God? And why me? Why my family? |
| 0:21.3 | When lies are still being told to this day, who do you believe? |
| 0:25.1 | I wouldn't even know where to start, and I'm with the IRA. |
| 0:28.5 | Steakknife. |
| 0:29.7 | Listen first on BBC Sounds. |
| 0:33.6 | BBC Sounds, music, radio, podcasts. |
| 0:37.6 | Hello, in today's program, we report from Port Talbot, |
| 0:40.6 | where the regulator is talking to steel workers |
| 0:42.6 | who've lost much of their safe, guaranteed, British steel pension. |
| 0:46.6 | A Moneybox listener finds her money trapped in a suspended fund, |
| 0:50.0 | even though she gave instructions to take it out three days earlier. |
| 0:53.9 | And just who will get a free TV licence next June and who might not? |
| 0:58.5 | But first, an investigation was launched this week into whether people buying new leasehold homes |
| 1:03.5 | have been given all the information they need to make a rational decision. |
| 1:07.4 | The Competition and Markets Authority says it will look also at whether there were unfair terms in the contracts the customers had to sign. |
| 1:14.8 | And it warns it could take enforcement action if it finds misleading or unfair practices. |
| 1:21.7 | We spoke to Cathy, who bought a leasehold house in Bolton. |
| 1:26.1 | We were told when we purchased the property that, yes, it was leasehold. |
| 1:30.2 | Solicester said it was fine. |
... |
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