Charlie Weston

speaker

1,990 appearances 20 recordings 3 series first heard May 2026 last heard 2 Sep

Charlie Weston’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 20 in all, peaking in Jun 2026 with 7.

Appearances

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The Last Word with Matt Cooper · Central Bank Launches Major Probe Into Life Insurance Companies · 23 Jul 2026 podcast

It could run into the hundreds of millions, whereas the tracker scandal cost the banks billions in terms of the refunds they had to make, you know, the compensation they had to pay and the consultancy and the IT costs and staff costs that they incurred. matched

So, you know, this one is not on that scale in terms of cost, but in terms of the manpower, the effort that it's going to have to put in to kind of sort this out, it is enormous. matched

There's no doubt about that. matched

Oh, don't you know, Matt, I mean, and that's part of it as well. matched

The fees and charges for a pension or investment fund are matched

anything but transparent, they're impossibly difficult to work out. matched

So to answer your second question first, I think you're absolutely right. matched

You know, in some way, the cost will be passed on. matched

Will we be able to spot that? matched

Probably not. matched

You know, I talk to a lot of actuaries who are, matched

Guys who understand this stuff inside out. matched

I'm like, God, it gets complicated very, very quickly. matched

So, you know, and the best of actuaries will struggle to work out the fees and charges sometimes. matched

But as for the use of AI, yeah, they would need to be very careful on that one, wouldn't they? matched

Because it's notoriously inaccurate. matched

But I'm sure in some kind of lower form, the heavy duty, very standardized, basic processing, they may use some AI programs. matched

They may just have their own programs that they can do this anyway. matched

But yeah, that's something the central bank will need to watch that they don't try and cook corners by using AI to do it. matched

Well, only if you have very big suspicions that there was a big mistake made in your case. matched

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