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.
Banks fading from high street and cutting financial advisers
04/02/2014 Banks are beginning to fade from the high-street as some of the biggest financial institutions are cutting branches and staff. Financial institutions cutting their high-street services include Lloyds banking Group who will be cutting managers, as well as back office and operations staff, whilst Barclays recently confirmed that they will be closing some high-street branches over th...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
How will UK bank charges change in the future?
While the UK Supreme Court ruling today has effectively scuppered short-term hopes of compensation for many banking customers, it is not the end of the saga, although it is certainly a dent for confidence. However, there is a feeling that now UK banks have effectively seen their charges "rubber stamp" by the UK Supreme Court we may see a gradual increase in various banking charges which will incre...Read More
Have the Alliance & Leicester started a battle in the banking sector?
It has been revealed that the Alliance & Leicester, the popular UK bank, appears to have started something of a free for all in the current account market. The company is offering new account holders a £100 cash back payment (which would be paid within four months of opening an account), 6.5% interest and a 0% overdraft (within an agreed limit) for the first 12 months. This offer relates to the c...Read More
Strapped students scrounge for freebies
The British Bankers Association (BBA) has said it is concerned that students looking to open a new bank account may be tempted by freebie offers when the overall service may not be suitable for them.As September sees the next generation of students entering universities, the BBA has said that students should be more cautious before being tempted to open an unsuitable account on the basis of free o...Read More