News - Standard Life faces the music
Posted on October 12, 2007 in the Credit insurance category
BBC Radio 4’s Money Box was broadcast on Saturday, 10 April, 2004, at 1204 BST.
The programme was repeated on Sunday, 11 April, 2004, at 2102 BST.
Standard Life policyholders have expressed their anger over the company’s recent decisions at its annual meeting in Edinburgh on Tuesday.
The company announced its plans for flotation last week, after spending years fighting off pressure to do so.
The insurer needs the support of 75% of its 2.6 million members before it can proceed. A vote will take place in 2006.
Jennifer Clarke was at the AGM to hear what both policyholders and the board had to say.
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Child offered credit card
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Money Box set out to discover how a nine-year-old came to be offered a credit card, even though it is against the law for children to have them.
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FSA splits action
Firms involved in the sale of split capital investment trusts have made it clear they will strongly contest any FSA action.
The news will come as a disappointment to investors who are hoping the regulator’s enquiries will lead to compensation.
Split-capital investment trusts were marketed as a low-risk way to benefit from rising share prices. But when the stock market collapsed, the complex products left thousands of investors out of pocket.
Louise Greenwood explained the developments and spoke to Alan Steel of Alan Steel Asset Management and Daniel Godfrey of Association of Investment Trust Companies.
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Benefits changes
Annual changes to the state pension and other benefits will take effect on Monday.
We were joined by Gary Vaux of Hertfordshire Money Advice Centre to discuss how you may be affected.
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Money Box investigates
In the first of two special investigations, Chris A’Court examines the growing disquiet over the way disputes between the public and financial firms are settled in the UK.
The programme will be broadcast at 2002 BST on Tuesday, 13 April, 2004.
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Producer: Louise Greenwood
Presenter: Paul Lewis
Reporter: Chris A’Court
Web Producer: Nathalie Knowles
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