London Capital & Finance. The report.
Administrators report on failed London Capital and Finance, FSCS investment protection limit rise, reducing Council Tax bills and NHS pensions.
Money Box reporter Dan Whitworth analyses the main findings from the administrators' report into London Capital & Finance. The high-risk mini-bond provider collapsed in January but not before it had taken 拢236m from 11,650 people. Many of them were first-time investors who thought their money was going into fixed rate ISAs. The cash they put in came from pensions, inheritances and life savings.
From April the Financial Services Compensation Scheme (FSCS) limit for regulated investments rises to 拢85,000 from the current 拢50,000. Guest Mark Neale, Chief Executive of the FSCS.
As this year鈥檚 Council Tax bills arrive, are you eligible to reduce yours with a discount, exemption or help from a Council Tax Reduction scheme? Guest: Caroline Siarkiewicz,, Director and debt advice expert at the Single Financial Guidance Body.
NHS consultant James Bailey explains how the annual allowance taper affects his finances and working life. The taper was introduced in 2016 and affects people with income over 拢150,000 including pension savings. For every 拢2 of income over 拢150,000, the annual allowance reduces by 拢1, to a minimum of 拢10,000 a year. If an individual鈥檚 income is less that 拢110,000 a year, excluding all pension savings, then the annual allowance taper doesn't apply. Guests: Josephine Cumbo Pensions Correspondent for the Financial Times and John Ralfe, an Independent Pensions Consultant.
Reporter: Dan Whitworth
Presenter: Paul Lewis
Producer: Charmaine Cozier
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No compensation for LCF investors
Duration: 02:55
Related Links
London Captial & Finance (in administration)
Financial Compensation Scheme
Council Tax
NHS Pensions
Broadcasts
- Sat 30 Mar 2019 12:0491热爆 Radio 4
- Sun 31 Mar 2019 21:0091热爆 Radio 4
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Money Box
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