As many as two million of the poorest households have seen the amount they owe their energy suppliers double over the past year. This new analysis of debt figures has been given to Money Box by the consultancy firm Baringa. It says people who've fallen behind on their payments are now £1,100 in the red, an amount that has doubled in a year. Energy UK, which represents suppliers, say they're doing all they can - and we'll hear more about Ofgem's plans to help tackle debt in the industry.
Twenty financial advice firms have been told that they must provide the regulator with details of the services they provide customers when they charge them for what is called “ongoing advice”. The Financial Conduct Authority has written to the companies as part of its enforcement of the new Consumer Duty. What will this mean for consumers?
And, an annuity is a contract with an insurance provider which converts your savings or pension pot into a guaranteed income for your retirement. As annuity sales rise, we'll discuss what they are and how they work.
Presenter: Paul Lewis Reporter: Sarah Rogers Researchers: Sandra Hardial and Jo Krasner Editor: Jess Quayle
(First broadcast 12pm Saturday 24th Feb 2024)
National Insurance Cut and Council Tax Debt
Money Box Live: Resenting Renting?
April Changes: National Living Wage, ISAs and Energy
Money Box Live: How Do Wills Work?
Pension Freedoms and Flee Funds
Money Box Live: Mortgages and Debt
Crypto-Related Fraud and Mortgage Arrears
Money Box Live: childcare
Frozen Tax Thresholds and Bailiffs
Money Box Live: Budget Special
The Future of Money and Universal Credit
Hannah and Seagull: Learning Money
Money Box Live: Co-parenting Finances
Probate Delays and Pension Charges
Money Box Live: When Can You Retire?
Citizens Advice Closure and Investment Platforms
Money Box Live: Are Savers Getting a Good Deal?
Bereavement Support Deadline and Warm Home Discount
Money Box Live: How to Start a Business
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