 | BBC Radio 4's Money Box Saturday, 10th March 2012 at 1204 GMT On Radio 4 and Online |
Should you be refused car insurance by a firm just because of where you live? One Money Box listener has found his car uninsured after he moved home and discovered the Coop would not cover his car at his new address. It's the latest example of what's called "red-lining", where insurers use postcodes to exclude some customers. Bob Howard reports and Paul Lewis speaks to the ABI's Malcolm Tarling. Related Links:
A roundup of the best ISA deals The countdown is on to this year's ISA deadline. Savers have until the 5th April to use up their tax free cash allowance of £5340. It's a fast moving market, with banks and building societies releasing ever better rates to capture last minute custom. So who's coming up trumps? Paul compares the best deals with Kevin Mountford, head of banking at moneysupermarket.com. Related Links:
Millions set to receive PPI redress Millions of letters are to be sent out by banks, telling customers who haven't yet complained that they may have been mis-sold Payment Protection Insurance and can apply for compensation. On Tuesday, the City watchdog, the Financial Services Authority, told banks what the letters should say and called it "a key moment in the PPI story". It's expected the extra claims could cost billions of pounds. But will the banks be able to cope? And how long before consumers get the money back? Paul Lewis talks to Richard Lloyd, Executive Director of the consumer watchdog, Which? Related Links:
The Office of Fair Trading say no to Yes Loans Questions are being asked about why Britain's biggest sub-prime credit broker is still operating after its licence was taken away this week by the Office of Fair Trading. Yes Loans was accused of misleading customers and dragging its heels over giving customers refunds. Moneybox first broke the story about problems at Yes Loans three years ago so why has it taken so long to take decisive action? We speak to David Fisher, director of consumer credit at the Office of Fair Trading and Peter Tutton, debt chief with The Citizens Advice Bureau. Related Links:
BBC Radio 4's Money Box is broadcast on Saturday at 1204 GMT.
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