The Martin Lewis Podcast The Top Children’s Savings & Investment Accounts | Car Finance Mis-selling Update
Sep 11, 2025
Discover the ins and outs of children's savings with Junior ISAs, Child Trust Funds, and the power of premium bonds. Get the latest scoop on car finance mis-selling and find out how millions might qualify for compensation. Explore smart investment strategies for kids, including index trackers and robo-investing. Delve into how emotional perspectives shape our views on wealth and the importance of financial literacy for the younger generation. Plus, learn how early pension contributions can set children on a path to financial success!
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14 Million May Be Due Car Finance Redress
- About 14 million people may be due car finance compensation tied to discretionary commission mis‑selling.
- You must complain to find out because dealerships often didn't record or disclose discretionary commission details.
How Car Redress Might Work
- The regulator may implement either an automatic or opt‑in redress scheme, affecting speed and coverage of payouts.
- Firms that claim not to have records will be scrutinised; systemic evidence can support payouts even if your paperwork is missing.
Secure Your Finances First
- If your family can afford it, prioritise your own financial security before saving for children.
- Only save for kids after clearing costly debts and ensuring immediate living costs are covered.