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Money Box: Hope for victims of push payment bank fraud

Hope for victims of push payment bank fraud

30/06/2018

BBC Radio 4 - Money Box, Hope for victims of push payment bank fraud

Changes to complaint handling rules proposed.

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.

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Hope for victims of push payment bank fraud

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