Main content

Hope for victims of push payment bank fraud

The latest news from the world of personal finance. Authorised payment bank fraud, how can long-term social care be funded, and is buying a home cheaper than renting?

More bank fraud victims might be able to take their unresolved complaints to the Financial Ombudsman under proposals put out for consultation this week by the regulator the FCA. It would apply in cases where people are tricked into transferring money to accounts controlled by criminals and is known as 'push payment fraud.' At the moment they don't have the same rights as other fraud victims because they have authorised the payments. Guest Hannah Nixon, Managing Director, Payment Systems Regulator.

An earmarked tax fund is one of the recommendations from a joint select committee report into the long-term funding of adult social care in England. Health and Social Care Committee member Andrew Selous outlines why a 'Social Care Premium' is needed, while Gemma Tetlow, Chief Economist at the Institute for Government, highlights the issues that can arise when taxes are ring-fenced.

A study claims that owning a home is now cheaper than renting in every part of the UK. However there are reasons why not all renters who want to buy will be able to secure a mortgage. Guest: Graham Sellar, Head of Mortgage Business Development for Santander Mortgages which compiled the research.

Available now

30 minutes

Chapters

  • Authorised push payment fraud

    Changes to complaint handling rules proposed

    Duration: 09:32

  • Adult social care funding

    MPs call for a separate tax fund

    Duration: 09:18

  • Buying a home

    Research claims it's cheaper than renting across the UK

    Duration: 04:15

Related links

Authorised Push Payment Fraud

Adult Social Care Costs

Βι¶ΉΤΌΕΔ Buying and Renting

Μύ

Broadcasts

  • Sat 30 Jun 2018 12:04
  • Sun 1 Jul 2018 21:00

The Death of Retirement

The Death of Retirement

Money Box explores what retirement might look like in the future,

Download this programme

Subscribe to this programme or download individual episodes.

Podcast