 | BBC Radio 4's Money Box Saturday, 25 September 2010 at 1204 BST on Radio 4 and Online |
Homes in England will not be revalued for the purposes of setting council tax during the current Parliament, the Government has said. Properties have not been assessed since 1993 and therefore council tax banding, is based on house prices from that date. Over the years, governments have postponed making a decision to revalue homes to reflect current prices. We speak to Martin Lewis, a journalist, and founder of MoneySavingExpert.com, about what can be done if you think your home needs to be revalued. He also gives his views on claims management companies - a topic which featured in last week's programme. Related information:
Norwich & Peterborough challenged Norwich and Peterborough Building Society has received more than 400 complaints from customers after advising them to invest in Keydata, a company which went into administration last summer. Around 200 investors, with the help of a law firm called Regulatory Legal, sent letters to the Norwich and Peterborough Building Society this month alleging that they were mis-sold products from Keydata and asking for their money back. Around £450m people in the UK invested in Keydata and administrators quickly discovered that £100m worth of investments had disappeared completely while, another £350m is tied up in another company which has gone into administration. Paul Crutchley from Regulatory Legal joins the programme. No one was available for interview from the building society, but you can read their full statement to Money Box here: Related information:
RBS to Santander - do customers have a choice? It was announced in the summer that Santander had bought 1.8 million bank accounts from Royal Bank of Scotland and Natwest. This "sale" of customers from one bank to another was imposed by the European Commission, as part of the deal when the UK Government spent £37 billion rescuing Royal Bank of Scotland in October 2008. Customers have been asking what it will mean for them - do they have to become customers of Santander or can they stay with their old bank? Reporter Bob Howard looks at the options. Related information:
Hedge Funds for small investors Traditionally investing in a hedge fund has only been available to people with a million pounds or more to invest. But from October they have the potential to reach a wider audience. From next month anyone with £1000 or more can invest in a new hedge fund aimed at retail investors. Money Box speaks to chief operating officer Richard Day of ML Capital, who's launching the product. And also to Merryn Somerset Webb, editor in chief of Money Week. Related information:
BBC Radio 4's Money Box: Saturday 25 September at 1204 BST and Sunday 26 September at 2102 BST.
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