Offshore money, huge fees, suspicious payments and a phantom head of the KGB - just some of what a group of ordinary British savers discovered when the £46 million fund they had invested in collapsed. Each year, a billion pounds is lost in failed investment schemes. Panorama tells the story of one of them and follows investors as they try to unravel the truth about the Blackmore Bond, a Manchester-based scheme, and challenge the regulators they believe failed them.

It is being described as a national emergency. Energy bills are soaring and families across the UK are struggling to cope. Millions are falling into fuel poverty and are wondering how they will heat their homes in winter. But not everyone is suffering from the energy crisis.

Reporter Bronagh Munro investigates the big companies that are profiting from rising bills and asks whether some are cashing in at our expense.