 | BBC Radio 4's Money Box Saturday, 24 September 2011 at 1204 BST on Radio 4 and Online |
Stock markets across the world fell sharply this week with the FTSE 100 suffering its biggest drop in two years. The World Bank has warned that the global economy is in a "danger zone". But how did we get into this turmoil and are we about to slide back into recession? Merryn Somerset Webb, editor-in-chief of Money Week explains what the options are for investors now. Related Links:
Investment funds fees Paying higher fees to fund managers does not benefit the investor - that is according to new research by TCF Investment. The asset management company compared the performance of low fee funds with the most expensive and found that clients who went for the cheaper option made more money. So is there ever a good reason for paying more for the management of your funds? We're joined by TCF Investment's co-founder David Norman. Related Links:
Waiting staff cover shortfalls Restaurant chain ASK is being accused by some waiting staff of making them pay for losses out of their tips. ASK denies that it is national policy to expect staff to make good shortfalls if customers leave without paying, but what can waiters legally be asked to pay? Hannah Reed, the TUC's senior employment rights officer joins the programme. Related Links:
Pre-paid cards One of the advantages of taking a pre-paid card on holiday is supposed to be that you can only spend - and be liable - for the cash you've loaded onto it. That's reassuring for people who want to keep a careful eye on their budget. But Money Box has discovered that it's not only possible to go overdrawn, but you can also be pursued by the card provider for the debt. Bob Howard reports. Related Links:
PayPal account balance With 14 million account holders in the UK - PayPal is the one of the main ways of paying for goods online. Owned by eBay, its used to process payments for items that are bought and sold on the site and for transactions elsewhere on the internet. But when is it safe for the seller to spend the cash they've received for the product sold? We've heard from one PayPal user who received payment for a mattress they sold, only for the money to be taken back weeks later. It seems that in certain circumstances PayPal can reverse a payment. So when might this happen? Joining Paul Lewis on the programme is PayPal's commercial director, Richard Ambro. 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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