[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Friday, 1 April, 2005, 15:50 GMT 16:50 UK
MPs report on cash machine charges
A Post Office
The Post Office has been urged to examine its use of the machines

BBC Radio 4's Money Box was broadcast on Saturday, 2 April, 2005 at 1202 BST.

The programme was repeated on Sunday, 3 April, at 2102 BST

Cash machines which charge people to access their money should be clearly labelled, MPs have said.

Current warning stickers are often hidden away and on-screen alerts come too late, the Treasury Select Committee report found.

Around four out of 10 machines are now charging people 140m a year to access their own cash.

MPs called on the Post Office to review its policy after MPs heard 75% of cash machines in its branches charge customers.

We spoke to committee member Norman Lamb MP about the report's findings and recommendations.

And we spoke to Graham Halliday, Director of Banking and Financial Services at the Post Office, and Paul Rodford, Head of Card Policy at the Association of Payment Clearing Services (Apacs).

Further information:


'Insurance ISAs' to end

Cash box
The stocks and shares ISA limit is rising from 3000 to 4000 a year

From Wednesday, the 1000 mini-insurance ISA will no longer be available, and existing ones will be merged with stocks and shares ISAs.

If people are currently paying into a mini-insurance ISA and a stocks and shares ISA, they must choose which to keep, as only one is allowed.

If no choice is made beforehand, the one that is paid into first in the new tax year will be the one that continues.

But this has been causing considerable confusion with investors. We spoke to Patrick Connolly, IFA with John Scott & Partners about the change.

Further information:


Child Trust Funds go live

baby
The money can be withdrawn when the child reaches 18
On Wednesday the first instalment of government money that parents have paid into Child Trust Fund accounts will become "live".

Parents who have not yet opened an account will have one year to decide what to do with their vouchers before the government decides for them.

Clare Merrills of the Inland Revenue explained what parents should do, and Philip Pearson of IFA P&P Invest of Southampton ran through current best-buy accounts.

Further information:


New rules on extended warranties

New rules will effect extended warranties on electrical goods from Wednesday.

Retailers will have to show the price of the extended warranty clearly and give consumers information about their right to cancel if they buy one.

And people will be able to buy a warranty on the same terms for up to 30 days after they have bought the goods.


Producer: Jessica Dunbar
Presenter: Paul Lewis
Reporter: Chris A'Court


Money Box


SEARCH MONEY BOX:
 

Podcast

Download or subscribe to this programme's podcast

Podcast Help



PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific