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.
Royal Bank of Scotland to be scaled down
This week will see plans unveiled for the substantial scaling down of the Royal Bank of Scotland banking operations. Over the next 3 to 5 years it is expected that 25% of the balance sheet will disappear as the group returns to basics for future stability. The banking operation will also see up to £300 billion of potentially toxic investments moved into its separate operation which will be wound...Read More
Bradford And Bingley Announces New Bond Yielding Around 7%
Even though the Bank of England has decided to keep interest rates at 5% for the moment, Bradford and Bingley has announced the launch of a new bond this week which will give investors around 7% gross. The bonds are available over 1 year, 2 year and 3 year durations and are currently the best on offer in the marketplace.
The minimum investment for these bonds is £1,000 and the max...
Brits shunning financial advice
Over half the population of the UK have never taken advantage of the financial advice on offer to them with products such as current accounts.Research conducted by Zurich has found that as many as 84 per cent of 18 to 24-year-olds have never sought financial advice, while 48 per cent of those married or bringing up children also confessed to going it alone with money issues.Regionally, it was foun...Read More
FSA considering three new applications for UK bank licences
The FSA is today considering three applications for new bank licences in the UK which will see the sector increase in size and an increase in competition. While the FSA is unwilling at this point to name the three parties in question there is much speculation regarding their identities although nobody has yet stepped forward to confirm or deny the rumours. This is exactly what the UK banking in...Read More
Is Richard Branson targeting Northern Rock?
As we covered earlier this week, Richard Branson, via his Virgin Money subsidy, is looking to obtain a banking licence for the UK. While the company would have you believe this is just a natural progression, when you bear in mind the operation has exposure to credit cards and the like, there are many who believe this is the first step towards an acquisition of state-owned Northern Rock.