 | BBC Radio 4's Money Box Saturday, 2 April 2011 at 1204 BST On Radio 4 and Online |
City watchdog the FSA is investigating the identity theft and card protection firm CPP. The firm has been contracted to activate or record delivery of cards by many banks including Barclaycard, Natwest/RBS and Santander. In November, Money Box highlighted concerns that customers were being persuaded to buy insurance, which they didn't really need when they rang to activate new cards. Customers were wrongly told that the insurance was necessary because any losses would not be covered by their bank. Bob Howard reports Related links:
Banking reform
The Treasury Select Committee has published its report calling for more competition in retail banking. The report says banks need to be much more transparent about charges. Customers need to be able to compare products easily, so that they can decide whether to switch provider. Paul Lewis speaks to the committee chairman, MP Andrew Tyrie.
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Junior ISA Junior ISAs will replace Child Trust Funds, which were phased out on grounds of cost by the coalition government last year. The Treasury has announced that under the new scheme, parents, other family members and friends will be able to invest up to £3,000 a year tax-free per child. Unlike Child Trust Funds, there will be no Government contributions into each child's savings pot. The Financial Secretary to the Treasury, Mark Hoban and John Reeve from Family Investments join the programme: Related links:
Prescription charges and stamps NHS prescription charges in England rose on 1 April and Royal Mail is to increase stamp prices from 4 April. Ben Carter has the latest prices. Related links:
BBC Radio 4's Money Box is broadcast on Saturday at 1204 BST and repeated on Sunday at 2102 BST.
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