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Last Updated: Friday, 19 March, 2004, 16:28 GMT
Unclaimed assets
Money
Billions of pounds of unclaimed assets could be put to good use

BBC Radio 4's Money Box was broadcast on Saturday, 20 March, 2004, at 1204 GMT.

The programme was repeated on Sunday, 21 March, at 2102 GMT.

Chris A' Court investigated a Budget announcement that will allow charities to benefit from billions of pounds of unclaimed assets lying in the UK's financial institutions.

Further information:


Banking Code review

Important changes to the way banks treat their customers have been proposed in this year's review of the voluntary Banking Code.

We spoke to Seymour Fortescue, Chief Executive of the Banking Code Standards Board and Adrian Graves of the National Association of Bank Customers about the proposals.


OTHER NEWS

FSA fines Allied Dunbar 725,000

The Financial Services Authority (FSA) has fined the insurance firm for "serious flaws" in the way it handled mortgage endowment complaints.


Splits firms miss deadline

Several split-cap firms have failed to meet a deadline to join a compensation scheme set up by the set by the Financial Services Authority (FSA).

Twenty One firms were told by the regulator to begin discussions about compensating investors and disciplining staff.

The firms in question believe to do so would be an admission of fault - something they have always denied - and could leave them open to legal action.

But the FSA says by failing to co-operate they risk fines and will be obliged to compensate customers regardless.


Producer: Louise Greenwood
Reporter: Chris A'Court
Presenter: Paul Lewis
Web Producer: Nathalie Knowles



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