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Page last updated at 18:04 GMT, Friday, 27 January 2012

Lloyds scraps charity credit card

thumb on cancer research card
BBC Radio 4's Money Box
Saturday, 28th January 2012 at 1204 GMT On Radio 4 and Online

Britain's biggest banking group has announced it is to scrap its charity credit cards which have allowed customers to donate well over £20 million to good causes.

Halifax and Bank of Scotland say it is no longer "cost effective" to offer the cards which help Cancer Research UK, the children's charity NSPCC and the Scottish Society for Prevention of Cruelty to Animals.

We speak to one unhappy credit card holder and Baroness Finlay of Lladaff, Vice Chair of the All Party Parliamentary group on cancer.

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PPI claims-handling companies warning

People claiming compensation for mis-sold payment protection insurance are being warned this week not to pay for help from a claims handling company. They can take a quarter or more of the compensation awarded.

But the Financial Services Compensation Scheme says they make no difference to the chance of winning. But it says three quarters of all those claiming compensation do get help from a firm that charges them.

Mark Neale of the FSCS tells the programme about his concerns.

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Car insurance payouts

If your car is badly damaged in an accident that clearly wasn't your fault and you had been paying your insurance premium, you would expect your motor insurer to pay out.

But Money Box has spoken to one listener who has been told not only will his firm not act for him, but his premium will not be returned either.

The programme also speaks to Graeme Trudgill from the British Insurance Brokers' Association and also to Malcolm Tarling from the Association of British Insurers.

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Share prices on the London stock markets tumbled last year though they are recovering now. So should people concentrate their investment strategy on firms that pay out regular dividends instead?

Last year total gross dividends rose 19.4% - the first annual increase since 2008, the start of the financial crisis. Oil giant BP returned to the dividend list last year after suspending payments following the Gulf of Mexico oil spill.

So what factors should investors bear in mind when focusing on dividends? Hugo Shaw from Bestinvest will explain all.

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NS&I cuts interest rate

National Savings & Investments has cut the interest rate on its direct saver account from 1.75% to 1.5%, saying it has been getting too much money paid into it recently. NS&I has a financing target set each year by HM Treasury.

It says it expects to exceed the target with £4.5bn. of money deposited by savers. Will the plan by NS&I to attempt to discourage wealthy savers depositing large amounts work? Jane Platt from NS&I joins the programme.

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BBC Radio 4's Money Box is broadcast on Saturday at 1204 GMT.

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