This is Money Show - Buy gold, Lloyds investing, Woolworths & shops that failed, why did PPI happen?
This is Money Podcast
This is Money
4.4 • 735 Ratings
🗓️ 5 June 2015
⏱️ 55 minutes
🧾️ Download transcript
Summary
How did our banks end up in such as mess with PPI? When will the pain for shareholders end?
Lloyds has been hit with a £117m claims mishandling fine to prolong its PPI agony.
It didn't need to be so bad though, Simon Lambert and Ed Monk, of This is Money, join Share radio's Georgie Frost to explain how banks continued to push PPI for years after problems had been flagged.
They also discuss whether investing in gold with the Royal Mint's new service is worth it, why everyone need to get the protection of lasting power of attorney, and whether a new Royal Mail shares sale would turn up another money-making opportunity.
The team also tackle two important questions:
Which shop would you bring back to the high street? And was Woolworths actually any good?
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Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
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Transcript
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| 0:00.0 | A very warm welcome. I'm Georgie Frost and this is consuming issues here on Share Radio. |
| 0:20.5 | I'm with you every weekday from 9 until 1 on digital online and through the Share Radio mobile app, |
| 0:25.3 | making the pound in your pocket go a little bit further. |
| 0:28.1 | The team from This Is Money, the award-winning finance section of the Mail Online, |
| 0:31.3 | join me live in the studio for our weekly catch-up. |
| 0:34.2 | Editor Simon Lambert, joined by journalist Ed Monk, |
| 0:37.1 | here with me today |
| 0:37.7 | to talk through the top stories they've been investigating, including we're giving a clear |
| 0:42.2 | a picture of where the billions of pounds worth of cuts will fall, one and a half billion |
| 0:46.3 | pounds, is to be raised by selling the taxpayers' remaining 30% stake in Royal Mail. |
| 0:51.6 | We've appointed a financial advisor that will advise us on the best way to sell that stake |
| 0:56.2 | and get the most money we can on behalf of taxpayers. |
| 0:59.3 | But can we get our hands on them and will we get a good deal? |
| 1:02.8 | It's also been a bad few days for Lloyd's. |
| 1:05.1 | Losing a legal case bought by thousands of investors who bought high interest Lloyd's bonds |
| 1:09.9 | at the height of the financial crisis |
| 1:12.3 | all comes as the bank apologises and cuts back on bonuses after being handed a record fine |
| 1:18.6 | for mishandling PPI complaints. |
| 1:20.5 | Obviously very frustrating. There's money going out here, money going out there and |
| 1:23.8 | when's it going to stop? That's the worry that investors have when are all this |
| 1:27.7 | money going to stop going out and who knows what's to come. |
| 1:31.4 | Yes indeed. Also today we'll be looking at the importance of power of attorney. What is it |
... |
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