Am I at risk from identity theft?
Over the last few years the threat of ID theft in the UK and around the world has increased dramatically with more and more people now on the radar of the fraudsters and scammers. However, the vast majority of people who may be at risk from identity theft are still unaware of problems which may await them in the future. So are you at risk of identity theft?
There is no doubt that the introduction of the Internet to many homes and businesses around the world has increased the potential market for identity theft. Each of us is just a click away from a potentially fraudulent e-mail or fraudulent contact via a website. We all need to be aware of the risks, retain control of our confidential information and ensure that we do not give information to unknown third parties.
Many of the scams appearing at the moment are financial offers and financial advice which are literally too good to be true. If you have not requested any financial advice or neither inquired about a financial product then why would you entertain anybody who cold calls you? There is no doubt that the fraudsters have taken advantage of the economic situation to maximise their potential victim base.
Bank account providers criticised by OFT
Banks are not being transparent enough about interest rates and penalty charges for their current accounts, an Office of Fair Trading (OFT) investigation has found.According to the new report, which was released today, UK banks raise more than 80 per cent of their £8 billion per year revenue through interest and penalty fees.Of this total, £2.6 billion comes from the charges, while a further £4...Read More
Yorkshire Building Society benefits from Chelsea Building Society merger
Yorkshire Building Society this week announced a major turnaround in the group's fortunes storming back to a profit of £65.4 million for the first half of 2010 against a loss of £22.3 million for the same period last year. While the company has benefited from the recent merger with the Chelsea Building Society there is no doubt that action taken in 2009 has given the society a strong base for fu...Read More
Record complaints about UK banks
The financial ombudsman has today issued a report which casts a very large shadow across the UK banking sector with record complaints recorded over the last 12 months. Without doubt, the UK banking sector is by far and away the more guilty of financial companies in the UK with regards to perceived mistreatment of customers.
The report reveals that almost 60% of complaints about curr...
Santander calls time on UK banking brands
When Spanish bank Santander took over Abbey National, Alliance & Leicester and Bradford & Bingley there were high hopes that the enlarged group would prompt a significant shakeup of the UK banking industry. The company has been highly successful in the UK and managed to time many of its acquisitions to perfection but there appear to be great changes afoot. The company has announced that as of next...Read More
Will the UK banking sector ever be the same again?
While there is no doubt that the UK banking sector has been and is currently going through one of the most difficult trading periods ever known, many believe that it will soon be business as normal as and when the economy picks up. However, while business volumes may return to former levels in due course the relationship between customers and banks may well have changed forever. Customers will not...Read More