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.
Santander fined for financial advice failings
31/03/2014 The Financial Conduct Authority has fined Santander £12,377,800 after the bank was found to be failing to offer adequate financial advice to its customers. The FCA reported a concern over Santander’s approach to considering investors’ risk appetites. There was a significant concern that customers were not being given the correct advice based on their appetite for risk....Read More
Is there a gap in the market for a long-term state-controlled bank?
While you could argue that the likes of Royal Bank of Scotland, Northern Rock and Lloyds Bank are effectively state-controlled at this moment in time, although they will be sold off in due close, an interesting discussion is formulating in the investment arena. With the mainstream UK banks unwilling at this moment in time to increase liquidity, especially for the small business arena, is there a g...Read More
Is the UK building society sector ready for change?
The announcement that US buyout specialist JC Flowers is looking to take a 49% stake in Kent Reliance Building Society has certainly caught the attention of many investors and financial experts in the UK. The £50 million investment will see the company take a significant stake in the building society and indeed there is speculation that further deals of a similar nature are in the pipeline. But i...Read More
JC Flowers attacks UK mutual sector
JC Flowers, the massive US private equity company, has set aside EUR1 billion to attack the UK mutual sector after agreeing a deal with Kent Reliance which will see the company inject around £50 million into the UK mutual society. It has also been revealed that JC Flowers is in talks regarding a potential EUR450 million investment in Spain's Banca Civica which is run in the same manner as UK mutu...Read More
Wilbur Ross sees Virgin Money on the UK high street
Richard Branson has today announced a new high-profile partner for his Virgin Money operation with US billionaire Wilbur Ross injecting £100 million for a 20% stake in the operation. The US investment guru has also promised to invest a further £500 million into a potential offer for Royal Bank of Scotland branches. This is a major landmark in the history of Virgin Money and indeed puts Richar...Read More