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Transcripts For BBCNEWS Can You Trust The Billion Pound... 20240713

Its very serious. Given the seniority of individuals that are involved, it is, yeah, very serious. As hundreds of thousands count the cost of the woodford scandal. Mr woodford . . We confront the man himself. Bbc panorama. What do you say, sir, to the people who trusted you, put money in your fund and now they cant reach it . Its all about guessing which way the financial wind is blowing. In the city, fortunes are made and lost on predicting which direction things are heading. For many of us, whether we like it or not, our Financial Security is tied to the ups and downs of the stock exchange. Now, that means we depend on those who manage our cash getting it right more than they get it wrong. The government changed the rules to give people the freedom to invest their pensions wherever they like. So, hundreds of thousands are getting more involved in this high risk game. Beryl is a retired secretary from harrow. Now, she wanted to make her savings go further, so she invested in a fund th

Transcripts For BBCNEWS Can You Trust The Billion Pound... 20240713

That are involved, it is, yeah, very serious. As hundreds of thousands count the cost of the woodford scandal. Mr woodford . . We confront the man himself. What do you say, sir, to the people who trusted you, put money in your fund and now they cant reach it . Its all about guessing which way the financial wind is blowing. In the city, fortunes are made and lost on predicting which direction things are heading. For many of us, whether we like it or not, our Financial Security is tied to the ups and downs of the stock exchange. Now, that means we depend on those who manage our cash getting it right more than they get it wrong. The government changed the rules to give people the freedom to invest their pensions wherever they like. So, hundreds of thousands are getting more involved in this high risk game. Beryl is a retired secretary from harrow. Now, she wanted to make her savings go further, so she invested in a fund that was recommended by a friend. The Interest Rates started to drop

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