Time again for This is Money, Financial Broadcaster of the Year Georgie Frost and Financial Website of the Year This is Money team up with NS&I to close off a turbulent week, with the best of financial advice and analysis. Yes, it has been a turbulent week, with Natwest veering towards negative rates, Santander rolling back the UK's most popular current account, and Lloyds scrapping more of their workforce. Can savers find their way through it all? Well, we'd better hope so, as the issue this week most pressing is the FCA's findings that over 5 million credit cards may never be paid off, and around 1.4 million people are barely making any repayments at all. In short, we're drowning in plastic. But the first step is educating ourselves, and this podcast is the place to start!
This is Money is presented by Georgie Frost, in partnership with NS&I.
On this edition of This Is Money, Editor Simon Lambert and Personal Finance Editor Rachel Rickard-Strauss are in to talk more Brexit fall-out, of course; will Mark Carney’s reassuring tones be enough to steady the ship, as Sterling falls further than we've seen since Walter Mondale was a relevant cultural reference?
We’ll also be looking at property fund lockouts, and why you should NEVER trust them with your pension. And stay tuned to the end as we have a rare win for the little guy, to the tune of £19 Billion!
This is Money is presented in partnership with NS&I, and hosted by Georgie Frost.
This week Sarah Pennells explores the issues revolving automatic enrolment pensions, the government's programme to encourage more people to save for their retirement through a workplace pension. While millions of people are being placed into their workplace pension, new research from pensions provider Aviva shows that one and a half million don't know what their money is invested in. Sarah is joined by Chris Daems, from Cervello Financial Planning, Ranila Ravi Burslem, from NEST, and Malcolm Goodwin from Aviva to discuss the topic.
If you're close to retirement, or thinking of setting up a pension pot, where do you start when it comes to choosing a private pension? Lorna Blythe, from Royal London, explains to Sarah Pennells what pensions are and how they work; Danisha Chada, a chartered and certified financial planner with Smith and Williamson, looks at how much help could a pension company give to its individual customers, Alan Chan, from IFS Wealth and Pensions, explains what the first steps are when taking out a pension for the first time.
If you're self-employed and need to set up a pension, where do you start? Sarah Pennells looks at a recent report published by Royal London with former Pensions Minister Steve Webb, currently Director of Policy at pensions and life insurance provider Royal London. Paul Allington founder and head of The Code Guy, gives his own account of setting up his pension, while Claire Walsh, Chartered Financial Planner and Head of Advice at Unbiased, gives advice on how to set up a pension plan. Sarah discusses whether the new Lifetime ISA can also help people set their pension.
It's time for This is Money! Once again, the guys from the award-winning finance website join Georgie in the studio to run down the hottest money stories of the week. On this show, editor Simon Lambert and consumer affairs Lee Boyce are in to discuss the return of the no-deposit mortgages, the 5 biggest threats to your pensions, and finally, Leicester City for the win! Lee gloats on the clubs surprise victory, while a slightly more prosaic Simon breaks down the ridiculous odds placed on the teams chances - half as likely as seeing Elvis!
This is Money is presented in partnership with NS&I.
This week Nick Peters visited Sandhurst where Shop Floor partners, the Inspirational Development Group, bring clients to the Academy to delve into their exclusive relationship with the Military Academy. Major General Paul Nanson explains how trainees are carefully selected and bring out their leadership potential; while Lieutenant Colonel Lucy Giles talks about the changes of the role of women cadets. In the second half of the show, IDG Founder and Chairman Stephen Bennett, explains analyses the role of leadership in the world of business; and Patrick Thomson, Senior Programme Manager at The Centre for Ageing Better, questions whether older workers being pushed out of the workforce.
Lucy Giles, Paul Nanson, Stephen Bennett, Patrick Thomson
With the state pension age changing, it can be tricky to find out how much you can get. Is it giving women a better deal? Malcolm McLean, a consultant with the actuary firm Barnett Waddingham, Harry Rose, the editor of WhichMoney, and John Shearer, from The Pensions Advisory Service, discuss whether the new state pension will affect carers. Sarah will also look at what are the changes for women who take time out of the workplace to bring up their children. She also speaks Lin Phillips from WASPI who are campaigning for the government to offer concessions to women caught out by these rises who didn't get enough notice.
Malcolm Mclean, John Shearer, Harry Rose, Lin Phillips
It's time once again for This is Money. Editor Simon Lambert and Consumer Affairs editor Lee Boyce join Georgie in the studio to discuss the biggest stories they've been looking at this week. On our show today; more Doom and Gloom over Brexit, this time it's the IMF piling on. Are you sure your bank account is secure? Well there's a number of very sophisticated scams going around, so stay alert. And then, we look at the most (and least) valuable subject choices at University. All this and more on This is Money, presented in partnership with NS&I.
If you’re thinking about retiring, what things should you look out for? Sarah Pennells is joined by Rowena Griffiths, from Female Adviser, and Michelle Cracknell, from the Pensions Advisory Service, and Jamie Jenkins, from Standard Life. Together they look at what to do with your pension once you retire, analysing the difficult jargon in more detail and simplifying the daunting paperwork in pension forms.