[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Friday, 12 May 2006, 16:23 GMT 17:23 UK
State pension agreement
Prime Minister Tony Blair and Chancellor Gordon Brown
BBC Radio 4's Money Box
Saturday 13 May, 1204 BST
Sunday 14 May, 2102 BST
On Radio 4 and online

The link between the basic state pension and rises in average earnings is to be restored after Tony Blair and Gordon Brown struck a deal, Downing Street has confirmed.

The change will not happen until 2012 - two years after the date recommended by Lord Turner - and will be funded by an increase in the state pension age.

Restoring the link to earnings has long been a demand of pensions campaigners. But how far will this address pensioner poverty?

We spoke to Pensions Commission chairman Lord Turner, Mervyn Kohler of Help The Aged, and Alison O'Connell, director of the Pensions Policy Institute.

Further information:


Card fraud

A person inputting their pin
There has been growing concern over the security of chip and pin after Shell suspended the system following suspected fraud.

Also this week, Lloyds TSB has warned that criminals are copying cards in the UK before using them abroad to bypass chip and pin security.

How worried should we be about these developments? Is chip and pin safe?

We spoke to Mike Bond from security company Cryptomathic; Ken Farrow, head of financial crime at Lloyds TSB and Paul Smee, chief executive of Apacs which is responsible for chip and pin.

Further information:


Shareholder identities

A protest against Huntingdon Life Sciences
Huntingdon has long been the focus of animal rights protests
The government has said the law may have to change to protect the identity of private shareholders after GlaxoSmithKline (GSK) investors were targeted by animal rights campaigners.

Some investors have received anonymous letters telling them to sell their shares within two weeks or have their personal details published on the internet.

GSK has obtained a High Court emergency injunction against the group making such an action a criminal offence.

Louise Greenwood reported.

Further information:


Prudential endowments

A row of houses
Millions of homeowners are facing endowment shortfalls

Prudential has become the latest provider to impose a deadline for customers who want to complain about endowment mis-selling.

Customers are to receive six months' notice of the final date by which they can make a complaint.

The firm is to write to 110,000 Prudential and Scottish Amicable policyholders in the autumn giving them their six month warning.

We discuss the news with Steve Colton of Prudential.

Further information:


Equitable Life

Equitable Life
Further details could emerge at the AGM on Wednesday
Troubled insurer Equitable Life has announced a deal to transfer 130,000 policyholders to Canada Life.

They have what are called non-profit annuities, which promise to pay a fixed amount every year for the rest of their life.

Canada Life will assume the risk of meeting that guarantee in the future which should take some pressure off Equitable's business, and could help pave the way for a complete break-up.

Further details about the future could emerge at Equitable's AGM on Wednesday.

Further information:


Producer: Jennifer Clarke
Presenter: Paul Lewis
Reporter: Louise Greenwood



Money Box


SEARCH MONEY BOX:
 

Podcast

Download or subscribe to this programme's podcast

Podcast Help



PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific