Wake Up to Money - 29/06/2010

Scottish Widow's annual pensions report indicates a fifth of people are not putting anything by for retirement. It says since the downturn began, 40% are putting less into their pensions. We ask Ian Naismith, Head of Pensions Market Development at Scottish Widows why this is the case. If the government is able to set up a Green Investment bank, it is expected to pay for hundreds of billions of new spending needed to meet the UK's targets for renewable energy and cutting climate change emissions. Simon Bullock, senior economy campaigner at Friends of the Earth, explains how it will work. According to Mercers 2010 Cost of Living Survey, the Angolan capital Luanda is surprisingly the most expensive place to live in the world. For example, the cost of renting a two bedroom apartment is a staggering £4500 a month. We ask Milan Taylor, one of Mercers' principals, why? Holiday Which? says over a million people may have their travel insurance invalidated, because they haven't told their insurer about a pre-existing medical condition. And the independent financial research company Defaqto has found that three quarters of travel insurance policies don't cover scheduled airline failure. Brian Brown, head of research at Defaqto, explains what people can do to avoid these problems.