Mr Davies was targeted by an insurance company
BBC Radio 4's Money Box programme was broadcast on Saturday, 17 January, 2004 at 1204 GMT
The programme was repeated on Sunday, 18 January, 2004 at 2102 GMT.
Also on Saturday:
We spoke to Welsh Assembly Member David Davies about an insurance company using cash prize draws to sign up customers.
Mr Davies received a letter from Hospital Plan Insurance Services telling him he had won a cash prize.
However, to receive his prize, he was asked to sign a direct debit mandate, to take out a plan with the company.
Paul Brett of Hospital Plan Insurance Services also joined us to defend the company's marketing techniques.
Norwich Union bonus cuts
The UK's biggest insurance company, Norwich Union, has cut bonuses for the majority of its 3.3 million with-profits policyholders, with some annual payments cut entirely.
It also announced that 100,000 investors whose policies mature this year will face final payout cuts of up to 10%.
It is the fourth time in two years that Norwich Union has made such cuts, in response it says to poor stock-market performance.
We spoke to John Lister, Norwich Union's Deputy Actuary about the announcement; and asked Tom McPhail, Pensions Research Manager at IFA Hargreaves Lansdowne, if there might be better news for customers of other companies.
As the last tax-exempt special savings accounts (TESSAs) mature, we spoke to Independent Financial Advisor Anna Bowes of Chase de Vere about the best place to re-invest the money.
Producer: Jessica Dunbar
Presenter: Paul Lewis
Reporter: Louise Greenwood
Web Producer: Nathalie Knowles