We round-up the latest news on your money

Financial roundup

In the first programme of the new series, Money Box looked at the latest prospects for savings, mortgages and investments.

Rosemary Radcliffe, Chief Economic Adviser at PricewaterhouseCoopers, gave an overview of the current economic outlook.

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Ray Boulger, Senior Technical Manager at John Charcol, discussed the latest mortgage news and the best deals.

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And Brian Tora, director at stockbrokers Gerrard Ltd, spoke to us about how the stock market is doing and whether now is the time to be investing in shares.

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Pension protection

Andrew Smith, Secretary for Work and Pensions, announced plans for the Pensions Protection Fund

Money Box asked whether government plans to protect our company pensions will work.

In June the government announced that it would introduce a Pensions Protection Fund to safeguard the final salary pensions of workers whose companies go bust.

The new scheme will be modelled on one already established in the United States.

But Money Box has discovered some serious problems in the way it works there.

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Lloyds TSB Extra Income and Growth Plan

Investors who bought an ill fated high income bond from Lloyds TSB have been advised not to take compensation from the bank.

We reported on why the Financial Ombudsman has taken the unprecedented step of writing to the Lloyds customers to warn them off the deal.

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Producer: Penny Haslam
Presenter: Paul Lewis