Money Box

This week a report from the Work and Pensions Select Committee says British Steel pension scheme members were targeted by "vulture" financial advisers after Tata was allowed to offload its retirement fund. It found that members were "shamelessly bamboozled" into transferring out of their final salary schemes, and criticises the Pensions Regulator and the FCA. The report also urged the FCA to ban contingent charging where financial advisers receive a fee for transfer advice, calling it "a key driver of poor advice." Guest Martin Bamford Chartered Financial Planner and Managing Director at Informed Choice Reporter Tony Bonsignore examines the issue of child maintenance and self-employed earnings as a bill on child maintenance evasion progresses towards its second reading. It's seeking to crack down on parents who use their self-employed status to "disguise the means they have available to financially support their non-resident children." Guest: Sumi Rabindrakumar from Gingerbread, the national charity for singl