Podcasts about financial services compensation scheme

You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>>  dentistswhoinvest.com/podcastreport———————————————————————If you'd like to discuss your finances with a professional you can connect with Anick here: https://www.viderefinancial.com/contact———————————————————————Financial planning takes on new dimensions with each tax year, and 2025 brings significant changes dentists need to understand. Financial planner Anik Sharma from Vider Financial Planning joins us to unpack investment vehicles available to dental professionals and crucial updates affecting your financial strategy.The conversation kicks off with a fundamental yet often overlooked principle: financial organization eliminates the annual scramble before tax deadlines. Beyond reducing stress, this approach delivers measurable benefits – contributing to investments at the tax year's start rather than its end could generate an additional £60,000 over 30 years through compound growth.Anik walks through the key investment accounts dentists should consider, starting with ISAs. Recent rule changes now allow contributions to multiple stocks and shares ISAs within a single tax year (while maintaining the £20,000 annual limit). We explore misconceptions about platform diversification and the Financial Services Compensation Scheme, clarifying that the £85,000 protection applies to banking licenses rather than individual institutions.For pensions, we delve into tax relief benefits while highlighting complexities for high earners. The most significant upcoming change arrives in April 2027, when pensions will potentially fall within inheritance tax scope – though final implementation details remain pending. NHS pension scheme members face additional complications with the ongoing McLeod remedy affecting annual allowance calculations and private pension planning.Limited company owners have additional considerations when deciding whether to invest through corporate structures or extract funds for personal investment. This leads to the fundamental question: how should dentists allocate investments across different accounts?The answer lies in comprehensive cashflow planning – mapping your current position to your desired future before determining the optimal investment strategy. This approach ensures your portfolio powers your life plan rather than existing as an end itself.Looking to optimize your financial strategy for the new tax year? Subscribe for more insights on building financial resilience that supports both your dental practice and personal aspirations.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us a text

On this personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek discuss diversifying your UK pension.    They lay out scenarios in which your pension could be at risk, and the extent to which it would be protected by the Financial Services Compensation Scheme. And it's not just important for pensions: these should be considerations for anyone with investments in passive funds and individual savings accounts (ISAs), Webb and Stepek say. Also on this episode, they tackle monitoring your broker's solvency and how to gauge whether you would have “political protection” should they go bust. See omnystudio.com/listener for privacy information.

After months of dithering, the Bank of England has finally cut the base rate to 5 per cent, the first time the central bank has voted to cut the base rate since 2020. On seven consecutive occasions the central bank voted to hold rates at 5.25 per cent between August 2023 and June 2024, despite falling inflation. There had been 14 consecutive base rate hikes since December 2021. The bank's successive interest rate rises between December 2021 and August 2023 were bad news for borrowers but good news for savers. The average two-year fixed mortgage rate is now 5.78 per cent, according to Moneyfacts, and the average five-year fix is 5.39 per cent. Right now, the lowest five-year fix is 3.99 per cent and the lowest two-year fix is 4.42 per cent, but lenders have already started cutting rates, but beware for excessive arrangement fees.  Savers Rates Say goodbye to great savers deals, including Santander's 5.2 per cent special edition easy-access rate and NS&I's one-year bond paying 6.2 per cent, which launched in September 2023. One of the best one-year fixed-rate account on the market now pays 5.4 per cent, down from a high of 6.2 per cent in October 2023. Savers should note that 1,638 savings accounts still beat inflation which is now at the Bank of England's target of 2 per cent, according to the Mail Online. This means the value of your money is growing in real terms against inflation. NS&I revealed it will offer a new one-year Guaranteed Growth Bond paying 5.15 per cent or a Guaranteed Income Bond at 5.03 per cent. The offer is exclusive to existing 6.2 per cent bond holders and will be available when their current one matures, starting from the end of next month. A saver putting £10,000 in Union Bank of India's one-year fix will earn a guaranteed £554 interest over one year. It comes with full protection under the Financial Services Compensation Scheme up to £85,000 per person. Are Buy-to-Let property deals still worth it? How will Labour's new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party's Renters' Rights Bill 2024 is poised to bring significant changes to the UK's rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM A Lifetime of taxes Income tax, VAT, Council Tax, Car Tax, Insurance and Travel Tax, Green Energy Taxes, BBC Licence Tax, Stamp Duty, Capital Gains Tax, Section 24, Business Taxes and the final kicker; Inheritance Tax for your dependents! You can legally reduce and mitigate your taxes and inheritance tax for your dependents. Wills and Trusts New research from Canada Life reveals that over half of UK adults (51%)1 have not written a will, nor are they currently in the process of writing one. This includes 13% of people who state they have no intention to write a will in the future. Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email charles@charleskelly.net for a free consultation on how to deal with Section 24, Wills and Trusts. Watch video now: https://youtu.be/aMuGs_ek17s #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #interestratecut #bankofengland #mortgagerates 

Gaydio are proud to bring you a podcast with the Financial Services Compensation Scheme to highlight the amazing work of their employees and more importantly, why it's such a great place to work for LGBTQ+ people.

Individual Savings Accounts (ISA) are a great way of saving and minimising the amount of tax you have to pay on your investment returns. Tony talks about the different kinds, how they work and how they can benefit you and your Investment Plan.KEY TAKEAWAYS Some ISA's give you instant access to your money and can be used to plan your finances in the short term. You can also invest in an ISA for the future. If you are a UK resident over the age of 18 you can open up one of each kind of ISA over the tax year. Cash ISAs do not invest in the stock market and the investment relies on interest rates. It can act as an emergency access fund for expenses. Stocks and Shares ISAs is a tax efficient investment that allows you to invest your money in shares, government bonds or property with the assurance that you won't pay any capital gains tax or income tax on the proceeds.  The Innovative Finance ISA. It allows you to lend money through peer to peer lending platforms to allow you to receive tax free interest and capital gains. BEST MOMENTS‘In the current tax year 2022/23 you can put £20,000 into your tax efficient ISA before the end of the financial year on the 5th April.'‘The main factors to consider when choosing between a cash ISA and a stocks and shares ISA are the length of time you'll be saving or investing.' ‘Peer to peer lending is a higher risk form of investing and your capital is completely at risk as there is no protection from the Financial Services Compensation Scheme.' VALUABLE RESOURCESTony Talks Wealth - https://omny.fm/shows/tony-talks-wealth  Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth  ABOUT THE HOSTTony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  “Live For Today, Invest For Tomorrow”CONTACTTony's official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.

In this podcast we were truly blessed to be joined by David Blackburn. David is the Chief People Officer for the Financial Services Compensation Scheme and was recently awarded 3rd Most Influential HR Professional by HR Magazine in the UK for 2022! David has been in HR for 25 years and shares with us his work around creating cultures that allow people to give their best every day. Tune in as we unpack.... What David has done to enable the FSCS to be recognised as the  4th employer in the top 50 list of most inclusive employer His mantra on 'how do we make it easier for people to be at their best every day' Why wellbeing in the workplace is a strategic investment to an organisation Where to start when it comes to implementing any wellbeing initiative  Not taking action for actions sake when it comes to wellbeing Getting the C Suite involved in the wellbeing strategy What Mental Health First Aiders need to work safely and effectively To find out more about how we can support your MHFA's drop us a line at info@themindsolution.com You can also book your free consultation to explore further how we can help you with your wellbeing strategy and training; https://calendly.com/the-mind-solution/free-consultation Links https://themindsolution.com/ https://www.linkedin.com/in/saramaude/ Contact us at info@themindsolution.com

The levy for the Financial Services Compensation Scheme may have gone down in 2022-23 but the chief executive of the FSCS still thinks reform is needed.Caroline Rainbird sat down with FTAdviser news editor Amy Austin to discuss the levy and why she thinks the compensation limit on pension claims is going to need to be increased.They also discussed the British Steel Pension Scheme scandal and why the tail of compensation means advisers are unlikely to see their levy bills drop in the near future. The FTAdviser Podcast is the podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

The Financial Services Compensation Scheme levy may be one of the issues which most vexes advisers who run their own firms.Indeed the overall FSCS levy has increased in nominal terms from less than £300m in 2011-12 to an expected levy of £717m in 2021-22.The Financial Conduct Authority has accepted this situation is not ideal and it has admitted the burden of the levy has fallen on firms which have done nothing to bring about these liabilities.So now the regulator has set out plans to address this by tackling the root cause of high FSCS costs through a more stringent appointed representative regime, reforms to prudential rules and the prospect of a risk-based levy.This week FTAdviser digital editor Damian Fantato is joined by Tim Fassam, director of government relations and policy at Pimfa, and Claudia Clay, risk and regulatory director at The Private Office, to discuss the proposals.They discuss the FCA's proposal that high-net worth individuals could be ineligible for compensation, whether the scope of FSCS protection should change and whether a risk-based levy is ever likely to see the light of day.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

As part of our Positive influencers series, Head of Employment and Pensions at Trowers, Emma Burrows speaks to David Blackburn, Chief People Officer at the Financial Services Compensation Scheme about the importance of workplace culture as well as the top tips he has for companies adapting to agile working. David also discusses his career journey and the ways he looks to implement positive change in the HR profession.

Last month the Financial Conduct Authority published its business plan for 2021-22, setting out how it plans to adapt itself to the "profound forces transforming the entire landscape of financial services". But what does this mean for financial advisers?The FCA has said it will be conducting a review into the scope and coverage of the Financial Services Compensation Scheme. Will this bring about the reform that advisers want? And what impact will the tougher approach on authorisations have?This week FTAdviser's digital editor Damian Fantato is joined by Tim Fassam, director of government relations and policy at Pimfa, and Neil Moles, chief executive of Progeny Group, to discuss these issues.They discuss what the FCA's cancelled suitability review means, whether the FCA's suggestion that it might shift the focus away from the FSCS onto capital adequacy will work and whether a tougher "authorisation gateway" can address issues such as phoenixing.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

Starting from scratch at raising investment? Join me as I interview Priti Padhy and find out how he ‘learnt on the job' to successfully raise funding for Cognino.ai. Priti Padhy Bio Priti Padhy is one of the Co-founders and CEO at Cognino.ai.  Priti has worked across emerging technology for 25 years working in Japan, UK and USA. An entrepreneurial technologist at heart, Priti has been building products, incubating high-value complex and disruptive technology innovation with global engineering talents over the past 26 years. Priti has led one of the data and AI research groups at Microsoft for over a decade. This is where Priti started to see the value of AI and data. His vision for a more intelligent AI proposition was developed during this time. Social Media Links: Website: www.cognino.ai LinkedIn: Cognino - https://www.linkedin.com/company/cognino-ai Twitter: @cogninoai Cognino.ai Links: https://www.cognino.ai/cognino-ai-is-thrilled-to-be-mentioned-in-the-latest-forbes-article-top-machine-learning-startups-to-watch-in-2021/ https://www.linkedin.com/company/cognino-ai/mycompany/?viewAsMember=true Julie Barber Bio CEO of Spark! Consulting, a boutique business consultancy, Julie is also an author, Non-Exec Director, Mentor and Speaker. Julie's background is working with large financial corporates such as KPMG and HSBC, and quasi-regulators like the Financial Services Compensation Scheme. At Spark! she now works with clients focused on growth, innovation and transformation, from early stage startups to global corporates. Julie developed The Investor Ready Roadmap, a 6-step methodology to ensure confidence and credibility when raising investment – this methodology forms the basis of her No.1 best-selling book, Investor Ready. Alongside Spark! Julie mentors business owners and founders through roles with FinTech Wales and Dent Global. https://spark-consulting.co.uk/ https://www.linkedin.com/in/julieabarber/ Is your Startup Investor ready? Benchmark your credibility with Investors and uncover opportunities to strengthen your investment case. Take a free scorecard here: https://investorready.scoreapp.com/ --- Send in a voice message: https://anchor.fm/investorreadypodcast/message

Join me as I speak to Marcus Love, Founding Partner at Love Ventures, about diversity, founder/market fit and the importance of scenario modelling. Love Ventures invest at Seed and Late Seed, in Fintech and Proptech startups with large market opportunities. Marcus Love Bio Marcus has over 14 years of experience as an FCA approved financial professional in London. He worked most recently at William O'Neil+Co, the US headquartered equity research firm between 2011-2019. He has a strong track record of delivering global equity idea generation to investment managers, which enabled his clients to increase their portfolio performance. Over the last six years he has invested in 20 early-stage businesses and successfully built an angel syndicate. He progressed this syndicate into Love Ventures Fund I and is now further advancing the Love Ventures venture capital franchise with the launch of Fund II. https://loveventures.co.uk/ https://www.linkedin.com/company/love-ventures/ Julie Barber Bio CEO of Spark! Consulting, a boutique business consultancy, Julie is also an author, Non-Exec Director, Mentor and Speaker. Julie's background is working with large financial corporates such as KPMG and HSBC, and quasi-regulators like the Financial Services Compensation Scheme. At Spark! she now works with clients focused on growth, innovation and transformation, from early stage startups to global corporates. Julie developed The Investor Ready Roadmap, a 6-step methodology to ensure confidence and credibility when raising investment – this methodology forms the basis of her No.1 best-selling book, Investor Ready. Alongside Spark! Julie mentors business owners and founders through roles with FinTech Wales and Dent Global. https://spark-consulting.co.uk/ https://www.linkedin.com/in/julieabarber/ Is your Startup Investor ready? Benchmark your credibility with Investors and uncover opportunities to strengthen your investment case. Take a free scorecard here: https://investorready.scoreapp.com/ --- Send in a voice message: https://anchor.fm/investorreadypodcast/message

In this episode of the podcast, Chris talks us through the fundraises they've done so far at The Happiness Index, and what they've got planned next, sharing real ‘behind-the-scenes' perspectives on what worked, what didn't and what they'd do differently next time! Chris Hyland Bio At the age of 26, I started my first business, a digital marketing agency 4Ps Marketing with my friend and business partner Matthew Phelan in the height of the 2008 global recession. We went on a fantastic journey of growth which led to us being acquired by a French PLC called NetBooster in September 2016. Two amazing years followed and on our 10th anniversary, we decided it was time for a change and left the business with 160 people in the UK & 1,000 globally. In 2014 I co-founded The Happiness Index with friends Matt Phelan & Tony Latter with a belief that if you give employees a voice, organisations will become a happier place and this will have a huge knock-on effect on peoples personal lives. I am now full time at The Happiness Index where my role focuses on two key aspects, keeping our employees and customers happy! I have also invested in two early-stage tech businesses in Guild & beBettor which I am super excited about their potential, and I am a Board Advisor for a brilliant up and coming agency called Ecrubox Digital. https://www.linkedin.com/in/chrisjhyland/ https://twitter.com/chrisjhyland Julie Barber Bio CEO of Spark! Consulting, a boutique business consultancy, Julie is also an author, Non-Exec Director, Mentor and Speaker. Julie's background is working with large financial corporates such as KPMG and HSBC, and quasi-regulators like the Financial Services Compensation Scheme. At Spark! she now works with clients focused on growth, innovation and transformation, from early stage startups to global corporates. Julie developed The Investor Ready Roadmap, a 6-step methodology to ensure confidence and credibility when raising investment – this methodology forms the basis of her No.1 best-selling book, Investor Ready. Alongside Spark! Julie mentors business owners and founders through roles with FinTech Wales and Dent Global. https://spark-consulting.co.uk/ https://www.linkedin.com/in/julieabarber/ Is your Startup Investor ready? Benchmark your credibility with Investors and uncover opportunities to strengthen your investment case. Take a free scorecard here: https://investorready.scoreapp.com/ --- Send in a voice message: https://anchor.fm/investorreadypodcast/message

In this episode, I spoke to Matthew Cushen, Founding Partner at Worth Capital, to find out what it takes to get investment from a VC like his. Worth Capital is a non-typical VC, as they run a monthly competition with a very structured approach, so it was a great opportunity to understand how that differentiates them, and what impact that has on how they invest. We discussed everything from trends in investment, diversity, and how he finds investment opportunities to valuations, what causes an immediate ‘no' and what makes a great pitch deck. Mathew Cushen Bio Matthew is Founding Partner of Worth Capital, an early-stage venture capital firm focused on businesses with the potential to build loved B2C or B2B brands. Also an innovation consultant & adviser to the leadership teams of large global businesses such as IKEA, ABInbev & the Coca-Cola Group. Previously Director of ?WhatIf! (the global innovation consultancy, now part of Accenture), following senior operational roles in Woolworths and the John Lewis Partnership. Julie Barber Bio CEO of Spark! Consulting, a boutique business consultancy, Julie is also an author, Non-Exec Director, Mentor and Speaker. Julie's background is working with large financial corporates such as KPMG and HSBC, and quasi-regulators like the Financial Services Compensation Scheme. At Spark! she now works with clients focused on growth, innovation and transformation, from early stage startups to global corporates. Julie developed The Investor Ready Roadmap, a 6-step methodology to ensure confidence and credibility when raising investment – this methodology forms the basis of her No.1 best-selling book, Investor Ready. Alongside Spark! Julie mentors business owners and founders through roles with FinTech Wales and Dent Global. https://spark-consulting.co.uk/ https://www.linkedin.com/in/julieabarber/ Is your Startup Investor ready? Benchmark your credibility with Investors and uncover opportunities to strengthen your investment case. Take a free scorecard here: https://investorready.scoreapp.com/ --- Send in a voice message: https://anchor.fm/investorreadypodcast/message

In this exciting interview, Jane and Julie discuss the various types of investors, and what characteristics they seek in the businesses they choose. They also reveal how to choose the right type of investor for a business who wants to scale with help from an external revenue source. Julie is CEO of Spark! Consulting, a boutique business consultancy specialising in finance raising. She is also a No1. Best-selling author, a Non-Executive Director, Mentor and Speaker. Julie's background is working with large financial corporates such as KPMG and HSBC, and regulators like the Financial Services Compensation Scheme. Julie works with clients focused on growth, innovation and transformation, from early stage startups to global corporates. She developed The Investor Ready Roadmap, a 6-step methodology to ensure confidence and credibility when raising investment – this methodology forms the basis of her No.1 best-selling book, Investor Ready. ABOUT THE HOST: Jane Bayler is a serial entrepreneur, investor, speaker, event host and business scale up expert. She had a 20 year history in global media and advertising, before becoming a serial entrepreneur herself, with multiple businesses in real estate, marketing and education. Having grown and sold a £6M brand identity business to US communications group Interpublic, today she is most passionate about and committed to serving other entrepreneurs – helping them grow their businesses and achieve their best lives.  Enquire about working 1:1 with Jane, book a call here: https://bit.ly/2Z07DML Join Jane's free Masterclass to discover her Triple C HyperGrowth system - to scale up your business and attract your ideal clients, here: https://idealclientsuccess.com/masterclass

Victims of defined benefit transfer misadvice are facing a double whammy when it comes to compensation calculations.According to campaigners supporting those who have been found by the regulators and compensatory bodies to have been wrongly advised to transfer out, not only do they face wildly differing levels of compensation, depending on when the calculations are carried out, but they also have to bear all the investment risk themselves.This FTAdviser In Focus podcast looks at why the calculation methodology used by the Financial Services Compensation Scheme could leave some former DB pension members with redress worth up to 40 per cent less than peers in a similar situation, and what can be done to ensure the optimum retirement income for these victims. See acast.com/privacy for privacy and opt-out information.

Sean Weafer is an international executive and sales communications coach and professional conference speaker. His clients include Grant Thornton, Microsoft, Indeed.com, Financial Services Compensation Scheme, Bank of Ireland, Keywords International, BearingPoint and many more where he transforms experts into Highly Trusted Advisors in leadership and sales. Sean is an engineer by profession and specialises in taking complex concepts in leadership and sales and creating highly practical and measurable tool kits for his clients to help them excel in all areas. He is the creator of the G2S coaching system, is a Marshall Goldsmith certified leadership coach and is a qualified psychotherapist and the author of three books; ‘Invoking the Feminine: Strength, Love and Wisdom' (2019) ‘C.A.S.H: Coaching As a Side Hustle' (2020) and The Highly Trusted Advisor: How to Win Clients and Lead Teams in the Hybrid Age' (2021) plus several e-books on management and sales communications. https://www.seanweafer.com/  https://www.linkedin.com/in/seanweafer/  

Exactly a year ago, prime minister Boris Johnson began placing the UK into lockdown, closing pubs, cafes and restaurants as the coronavirus pandemic took hold. A few days later he would tell the UK population to stay at home.A year on from these dramatic events, many advisers have changed the way they run their businesses and meet their clients. On this week's podcast, FTAdviser digital editor Damian Fantato talks to three firms of different sizes about how they have coped and what they have learnt.He is joined by Lee Hartley, chief executive of Fairstone, Neil Moles, chief executive of Progeny and Victor Sacks, director of VS Associates to discuss what they have learnt, how they have adapted and what an exit from the pandemic might look like for advisers.They also discuss how recording meetings with clients could leave to a lower Financial Services Compensation Scheme levy, how providers and platforms have coped with the challenge and what the future might hold for acquisitions and vertical integration if the pandemic comes to a close.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

Julie’ s background is working with large financial corporates like KPMG and HSBC, and quasi regulators like the Financial Services Compensation Scheme.  Across a 20 year span, she has built successful visions and strategies for Boards and Executive Committees, securing over £20m in investment and leading global scale and transformation initiatives.She has also developed and led global Innovation Programmes, involving cutting edge chatbots, AI and Machine Learning.    As part of her innovation roles, Julie has extensive experience on the ‘buy’ side when it comes to startups seeking sales or investments.   Through Spark!, Julie now splits her time between helping innovative startups who need to grow and scale fast, and large corporates who need to be more innovative.Her first book, “Are You Investor Ready?” will be published in early 2020.

From hosting their podcast Nobody Panic, to being in comedy trio Massive Dad, writing scripts and articles, and putting on Edinburgh shows, Stevie and Tessa have a lot of things to juggle. The pair tell Andi Peters and Simon Lambert their tales of living on a shoestring to get ahead in the London publishing world, including sharing a one-bedroom flat and sleeping under the kitchen table. The duo also explain how to set up an Edinburgh Fringe show and why it is similar to launching a small business, from fronting the cost to book a venue, to selling tickets and hoping you can break even or maybe even make a little money. And Tessa tells of the difficulties of trying to get a mortgage, even with a contract to write a pilot season of a new show for US television. In the Making the Money Work series, in partnership with the Financial Services Compensation Scheme, we talk earnings, budgeting and savings with those whose lives and finances roam far from the norm. The five podcasts are hosted by Andi Peters, alongside This is Money’s Simon Lambert, and every fortnight you can listen to a new interview with different special guests talking about their financial lives.

In this second Making the Money Work episode, Andi Peters and Simon Lambert talk to Olympic bronze medal winner and former professional boxer Anthony Ogogo about how people fund a boxing career and whether an Olympian makes much money.   Anthony tells us about building his boxing career and how an amateur boxer has to support themselves on a shoestring – even when they are heading for the Olympics.  He discusses his subsequent professional career and how after injury forced his retirement, he is swapping the boxing ring for the wrestling ring.   The 30-year-old was one of the sportsmen and women celebrated by Britain as the nation enjoyed the thrill of the London 2012 Olympics and a slew of medals.   Then aged 23, the middle-weight boxed his way to a bronze medal to add to the gold that he had won in the Junior Olympics in 2004.   Anthony, who was also a promising footballer who played for Norwich City’s youth team, had taken up boxing at the age of 12 and by the time he arrived at the London Olympics he had also won a silver medal at the 2010 Commonwealth Games.   He turned professional after the 2012 Olympics and had a short but successful career in which he challenged to be world champion.   He suffered a number of injuries before a fractured eye socket forced his retirement from the sport in 2019, with 11 wins and just one loss in his professional career.   In a statement on his retirement, Anthony said: ‘I’ve been through a lot in my career. I’ve had 17 operations and suffered every pain imaginable. I’ve won, lost, cried and hurt. But if you were to ask me would I do it again? In a heartbeat. I love this game’   He signed off with the words ‘Never give up’.   Anthony discusses how he got through hard financial times when he was injured, why he’s been careful with money and tried to save, and what it’s like being a cash-strapped up-and-coming fighter in the boxing world where those at the top are making millions.   Unable to box anymore due to his eye problems, Anthony is now on the path to a new career as a professional wrestler with All Elite Wrestling and he tells us how he intends to build that and what his financial resolutions for the future are. About Making the Money Work In our new podcast series Making the Money Work, in partnership with the Financial Services Compensation Scheme, we talk earnings, budgeting and savings with those whose lives and finances roam far from the norm.   The five podcasts are hosted by Andi Peters, alongside This is Money’s Simon Lambert, and every fortnight over the next ten weeks you can listen to a new interview with a different special guest about their financial lives. This is Money’s Podcast will continue to appear each Friday as usual, and the Making the Money Work podcasts will be published fortnightly as a bonus episode in the feed.

This bonus podcast episode is from This is Money's new special series Making the Money Work, in partnership with the Financial Services Compensation Scheme. Andi Peters and Simon Lambert talk to record-breaking Atlantic solo rower Kiko Matthews. How do you fund a life less ordinary? For most of us financial life means paydays, bills, mortgages and attempts to save or invest, but for others it is very different. If you decide to row the Atlantic, are an Olympic boxer, or have made a career out of having adventures or doing comedy, what on earth do you do with your finances? In our new special podcast series Making the Money Work, in partnership with the Financial Services Compensation Scheme, we talk earnings, budgeting and savings with those whose lives and finances roam far from the norm. The five podcasts are hosted by Andi Peters, alongside This is Money’s Simon Lambert, and every fortnight over the next ten weeks you can listen to a new interview with a different special guest about their financial lives. This is Money’s Podcast will continue to appear each Friday as usual, and the Making the Money Work podcasts will be published fortnightly as a bonus episode in the feed. The first episode features Kiko Matthews, who on 22 March 2018, became the fastest woman to row the Atlantic, solo and unsupported, over 49 days, 7 hours and 15 minutes.  Through sponsorship of her world record attempt she raised more than £105,000 for King's College Hospital by the end of that year. But that isn’t even half the story, because in 2009 Kiko had been diagnosed with Cushings Disease, a rare and life-threatening condition, which causes tumours on the pituitary gland that controls the body’s hormones. That life-changing discovery led her to quit her job as a science teacher, qualify as a paddle-boarding instructor and set up her own business, before deciding to row the Atlantic, despite not being a rower. Midway through her training in 2017, her Cushings Disease returned and although she had to undergo neurosurgery, Kiko pushed on with her Atlantic rowing attempt. Since then, Kiko has focussed on environmental campaigning and recently cycled round the coasts of Britain and Ireland completing beach cleans. On this podcast, Kiko tells us her fascinating story, discusses her finances - and reveals just how you go about funding rowing the Atlantic.

News editor Ida Axling and commissioning editor Laurence Eastham look at the stories that caused a stir in the week commenting 19 August 2019. The week's top story covered the Financial Services Compensation Scheme's decision to compensate around 14,000 policyholders at bankrupt Danish company Alpha Insurance, following the collapse of a proposed deal with BCR Legal Group earlier in the month. The top stories were: 1) FSCS set to compensate Alpha Insurance latent defect insurance policyholders 2) Ardonagh confirms the end of all Swinton retail branches 3) Ardonagh losses rise to £44.5m in H1 2019 4) Zurich cuts scheme contract with Fleet UK 5) Brightside hires new MD of broking as Russell Bence exits

Tens of thousands of people are using two new apps which let them access their wages as they earn them. With no more waiting around for monthly pay days is this new tech helping people’s financial health or putting them at more risk of going into debt? Some of the people who lost money with the collapsed investment firm London Capital and Finance have been given a glimmer of hope they may be eligible for compensation. The Financial Services Compensation Scheme says some people may have been given advice about investing which would mean they could make a claim to get some, or all, of their money back. We hear the latest from the administrators and those who could benefit and those who are worried they might miss out. Counting down to the end of a five year loan agreement, one small business couldn’t wait to make the last payment. But the owners didn’t read the small print. It said they needed to give three month’s notice before they could stop paying the loan. We speak to a contract law specialist to see what people should do to avoid any similar nasty surprises. Presenter: Paul Lewis Reporter: Dan Whitworth Producer: Alex Lewis Editor: Emma Rippon

The inconsistent manner in which police forces in England and Wales investigate reports of fraud is leaving victims 'confused and disillusioned.' That's one of the findings in a report by the watchdog Her Majesty’s Inspectorate of Constabulary and Fire and Rescue Services. Money Box listener Emma lost her £25,000 new home deposit after criminals hacked emails between her and her solicitor in order to divert and steal the money. She feels let down by the police and her bank. Guest HM Inspector of Constabulary Matt Parr. What needs to happen for you to achieve the life you desire? How much money is enough money? Just a few of the questions likely to be asked by a lifestyle financial planner as they cashflow model your future. Julie Lord, Chief Executive of Magenta Financial Planning, explains what it involves. A report from Gingerbread, the charity for single-parent families, highlights concerns over the operation of one of the Child Maintenance Support payment methods called Direct Pay where parents manage payments between themselves. Guest: Sumi Rabindrakumar who wrote the report for Gingerbread. This week the Financial Conduct Authority issued a warning for people considering putting their cash into Innovative Finance ISAs (IFISAs). It says mini-bonds or peer-2-peer investments "may not be protected by the Financial Services Compensation Scheme so customers may lose the money invested or find it hard to get back." It follows the collapse of London Capital & Finance. More than 11,000 people invested £236m with the failed mini-bond provider. Reporter: Dan Whitworth Presenter: Paul Lewis Producer: Charmaine Cozier Editor: Richard Vadon

In part one of two This is Money podcast specials, we tackle savings. When savings are mentioned, the first thought that springs to mind for many is: rates are low, what's the point? In the latest This is Money podcast, assistant editor Lee Boyce and host Georgie Frost are joined by James Blower, the Savings Guru to explain why savings are important. James has inside knowledge of the industry, having helped a number of challenger banks set up their savings business. We talk about what the point of saving is and what you need to consider at different stages - and ages - of your life. How do you save for your children, what about Isas, does higher risk equal higher reward and how do you save for a house? We also talk about why the Financial Services Compensation Scheme is important and whether saving in cash over investing is ever a worthwhile exercise. James takes us behind the scenes at how rates are set and reveals why he believes better deals are on the horizon for savers. Furthermore, we call to action those who have left money languishing in poor paying accounts to help drive the banks and building societies to offer us better deals. Join us next week for part two when editor Simon Lambert tackles everything you need to know about investing.

As banks went kaput a decade ago, the safety of our savings was thrust into the limelight. Most had never considered that cash in the bank was at risk and knew little about the Financial Services Compensation Scheme. When Icesave blew up a year after the Northern Rock collapse things changed dramatically. We should all be up to speed now, but how safe are your savings? On this week’s podcast, Simon Lambert, Tanya Jefferies and Georgie Frost we look at savings protection but also how you could end up losing money by sticking with cash. Ironically, worries about banks a decade ago triggered a flight to safety and more people stashing money in savings accounts rather than investing. But had people invested as Lehman Brothers collapsed they would have more than doubled their money by now. Taking the risk as the world appeared to be falling apart would have been the right move. Yet, at that point the stock market was already down 20% and fell by that again before it hit the bottom, so how many would have been brave enough? Also on this week’s show, we discuss how easy it might be to hit the £1million pension lifetime allowance sand whether your car might fail its next MOT.

Loretta Minghella became the First Church Estates Commissioner in November 2017, succeeding Sir Andreas Whittam Smith. Before arriving at Church House, she was chief executive of Christian Aid for seven and a half years, and before that, she headed up the Financial Services Compensation Scheme, a job she says got “very rocky indeed” when the 2008 financial crisis hit. Our Editor Paul Handley spoke to Loretta Minghella about how her experience prepared her for this latest role, and how the Commissioners are pressuring companies to improve their record on climate change and executive pay, among other things. Subscribe to the Church Times and receive 10 issues for £10. Go to churchtimes.co.uk/subscribe.

How much are you paying for financial advice and investment products. In this episode of the podcast, I'm joined by Nick Bamford to chat about fees, charges and the cost of financial advice. The Sunday Times recently published an article which was critical of the charges levied by tied adviser St James Place, with particular criticism of their exit charges of up to 6% on some financial products.  We also hear a lot about the cost of fund management charges, particularly with reference to lower cost index tracker funds. And there's a lot of debate about what financial advisers charge, whether investors should pay a percentage of their money to invest, or a flat fee. Nick and I spend some time in this episode talking about the fees investors typically pay, some of the different remuneration structures offered by financial advisers, understanding value for money when it comes to fees, and the importance of fee transparency. Personal finance news update Our newsreader this week is Informed Choice paraplanner Kelvin Riches. -The Bank of England has kept interest rates on hold at 0.25% whilst increasing its forecast for growth in the UK economy.  -Annual house price inflation weakened in January, falling to its lowest level since November 2015. -Brits lack a plan for passing on wealth to future generations, according to a new survey.  -Widespread confusion over financial terms means millions of people may be taking out important policies or products without completely understanding what cover the product offers. -Savings protection available from the Financial Services Compensation Scheme, the FSCS, has risen by £10,000 this week. Listener question David Horton from Brisbane in Australia writes in with the following question that we answer in this episode: The rule on 'don't borrow to invest"; does that apply to borrowing to buy a "buy to let" property? Saving to buy outright would be impossible or very slow, and I think would run you up against rule 10, don't pay too much tax. Though I guess such savings pay so little interest the tax would be minimal. Get answers to your personal finance questions Do you have a personal finance or investing question for Martin? Email martin@icfp.co.uk or ask on Twitter @martinbamford. You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message. Aftershow links -Deep Work by Cal Newport -Martin's book review on Medium -10% Happier by Dan Harris -Being Mortal by Atwul Gawande -Unbiased Awards 2017 Help us spread the word! Thank you for listening to this episode of Informed Choice Radio. Please use the comments section below to share any feedback you have. If you enjoyed this episode, please share it by using the social media buttons on this page. If you enjoy the show, please subscribe in iTunes and write us a review! Reviews really help us stand out from the crowd and reach more listeners.  

If you have pensions or investments, what if your provider fails? Do you lose everything? What protections are there in place? In this week's show, I'll be looking at what happens when it all goes wrong. Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I'm doing, trying to get decent, easy-to-understand financial information out to the world. I'm very grateful to them for their support. You can see what they're up to at 7im.co.uk What if your provider fails? Today's financial landscape is more complex than it has ever been. We've got platforms, wrappers, funds, trusts, and lots of different levels of investment. You might hold some shares within a fund, within an ISA held on a platform. That's four levels of custodianship! But what happens if one or other of those providers goes belly up? While unlikely, it cannot be discounted, as the financial crisis of 2007/8/9 taught us. Prior to that, this ‘what happens if' question was largely theoretical. But then people started losing money in Icelandic banks, and stuff got real. So we need to understand what protections are in place for investors - UK investors of course - and look at some principles for making sure you're as protected as possible, wherever you live. In this session, you'll discover: How the Financial Services Compensation Scheme works, and its limitations Why it's important to understand who owns what? The simplest way to make sure your investments are always protected Why two different banks are not always two different banks Why you shouldn't lose too much sleep The one thing you definitely shouldn't do in a bid to protect your money I think that as with all things to do with worst-case scenarios, you should be knowledgable, but not let any of it drive your actions too much. It can be pretty hairy, handing over your hard-earned dosh to someone else to look after, but we do live in a developed part of the world with various protections in place. You must exercise caution and do your research, and then, to a certain extent, trust the system to look after you, as it has for countless people before you. If you're concerned about anything - either email me or  leave a comment below.

It's been a volatile summer for global stock markets with the value of the UK FTSE 100 plunging to 5,898 on 24 August from a high of 7,103 back in April. The FTSE 100 is an index of the 100 largest companies listed on the London Stock Exchange and if you invest in UK shares, equity funds or hold a pension you may be affected. If you're concerned about the performance of your scheme, Russ Mould, Investment Director at AJ Bell will share his view on the mood of the market and how to manage the swings and roundabouts of stock market investing. Whether you're close to retirement or have longer term money goals, Informed Choice Chartered Financial Planner Nick Bamford will be here to answer your financial planning questions. How much should you keep in cash, when should you consider equities and when is it worth taking advice? And Savings Champion Anna Bowes will join us with her best buy tables and some better news at last for cash savers. Plus, the amount of money that is protected by the Financial Services Compensation Scheme will fall in January but there are special rules for temporary high balances, are you affected? Whatever you want to know, presenter Paul Lewis and guests will be waiting to help. Call 03700 100 444 from 1pm to 3.30pm on Wednesday or e-mail questions to moneybox@bbc.co.uk now. Standard geographic charges from landlines and mobiles will apply.