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Last Updated: Friday, 13 May, 2005, 15:10 GMT 16:10 UK
Buy-to-let schemes shut down
New-build flats
Investors were told they would get discounted new-build properties

BBC Radio 4's Money Box was broadcast on Saturday, 14 May, 2005, at 1204 BST.

The programme was repeated on Sunday, 15 May at 2102 BST.

Five buy-to-let property scams have been closed down after misleading investors with their get-rich-quick claims, the government has said.

Some of the firms told investors they could build up a 1m property portfolio but many ended up with no property and lost thousands of pounds.

Robert Burns, Head of the Companies Investigations Branch at the Department for Trade and Industry explained what had happened.

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Hedge funds on the high street?

The FSA is launching a debate on whether hedge funds should have greater freedom to attract consumers' money.

Paul O'Keeffe explained what these mysterious investments are and assesses the pitfalls and attractions for smaller investors.

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IFA imposes regulation fee

A firm of Leicester based Independent Financial Advisors has written to its customers asking them for a 75 annual fee to help cover the cost of their regulation.

We will hear from one of Ward Mitchell Partnership's customers who is angry the fee is being imposed with little explanation.

We asked Steven Mitchell, the firm's director, for some answers.

And we asked Fay Goddard, Director of Policy at the Association of Independent Financial Advisors if this is an acceptable, and growing practice.

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Money Box Investigates: The Sins of Commission

Money Box presents an extra programme on Tuesday which examines calls for reform to the system of commission in financial advice, which many people believe leads to bias.

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13 May 05 |  Moneybox


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