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Episode details

Radio 4,04 Apr 2015,30 mins

Liberal Democrat personal finance plans

Money Box

Available for over a year

What do the Liberal Democrats want to do with the tax and benefits systems if they are elected to government? Money Box speaks to Chief Secretary to the Treasury, Danny Alexander. Over the next few weeks we will be interviewing the people who would be Chancellor - the financial spokesmen and women of the main parties. On the eve of UK's anticipated "Pensions Revolution" when almost all the restrictions about what can be done with a lifetime's pension savings are removed, Australia is looking at whether to restrict this pension freedom. One recommendation is to default people into a safe income for life. Are there lessons for us? And if you receive PPI compensation after you have extinguished your debts through an individual voluntary arrangement, can the new money be taken off you? It is a matter currently being decided in the courts.

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