FSA warns on 'precipice bonds'

The FSA has issued a warning to investors

BBC Radio 4's Money Box was broadcast at 12pm on Saturday, 14 December 2002.

Precipice bonds

The Financial Services Authority has issued a warning to consumers to think carefully before investing in high income bonds.

We spoke to John Tiner of the FSA about its concerns and asked Investment Adviser Kerry Nelson for her view on these products.

Also:

High income bond warning

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Debt collecting

As the OFT considered cracking down on debt collection agencies, Louise Greenwood reported on what happens if you are pursued for a debt you do not owe.

 Listen to the audio

Also:

Debt collection agencies under review

NAPF pension survey

The number of firms to suspend 'final salary' pension schemes has doubled in the past year, according to new research.

We spoke to Christine Farnish of the NAPF about its report and why she believes it is the government's responsibility to make improvements.

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Also:

Pension squeeze tightens

Cater Allen

Interest payments to clients with less than £5000 savings have been cut by Cater Allen, the private bank now owned by Abbey National.

We asked if the bank is deliberately seeking to rid itself of less profitable customers.

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Also:

Bank cuts interest payments

New energy code

A new code of practice for the energy sector has been launched in a bid to protect consumers from mis-selling.

Ann Robinson of Energywatch explained to us how the new code will work.

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Also:

Move to end energy mis-selling

Presenter: Paul Lewis
Producer: Jessica Dunbar
Reporter: Louise Greenwood