Money Box - British Steel pension member - the worst decision of my life?
Download British Steel pension member - the worst decision of my life?
There's concern that thousands of steelworkers and former steelworkers at Port Talbot may have been badly advised to withdraw funds and put them into unsuitable investments. Money Box has learned that six firms have now voluntarily stopped signing up new clients. Money Box's Tony Bonsignore reports from Port Talbot. The programme hears from steelworker Paul who fears he's made the worst financial decision in his life. Megan Butler, director of supervision at the FCA and Michelle Cracknell, from the Pensions Advisory Service, explain the latest details of this complex situation.
The Scottish Government is flexing its muscles over tax. As Money Box previewed last week, its draft Budget this week set out plans for increasing the present three income tax bands to five. Those earning up to £33,000 - will pay less income tax than they do this year. But some on higher incomes will pay considerably more.
Stephen Hay, head of tax at accountants RSM joins the programme.
Presenter; Paul Lewis
Producer: Lesley McAlpine
Editor: Andrew Smith.
Published on Saturday, 16th December 2017.
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