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.
If the OFT cannot rule on bank charges then who can?
The decision by the UK Supreme Court that the Office of Fair Trading (OFT) has no jurisdiction to vote on the legality and fairness of banking charges prompts the question - Who is actually in control of the UK banking sector? While the FSA (Financial Services Authority) is the regulator for the sector there has been no mention of the FSA becoming involved in the overdraft charges saga. As a co...Read More
What does this mean for Bradford and Bingley savers?
As with the demise of any bank operation there is always some concern from account holders as to the security of their money. However, the Treasury has stepped forward at a very early stage to confirm that no account savers will lose out and their funds will be transferred to a much stronger parent company in due course. So what do that mean in practice?
While the small print has...
Which? magazine points to disappointing services in the UK
Which? magazine has this week placed the UK banking arena at the centre of an argument regarding the level of services available in the UK. A number of prominent banks in the UK have been mentioned with regards to "substandard services" with an array of uncomplimentary comments from current and past customers. So what is the problem with the UK banking sector? There is no doubt that ongoing cos...Read More
HSBC slammed over holiday ad
HSBC has been criticised by an advertising watchdog, over misleading claims that customers would not be charged for making cash withdrawals overseas in one of its advertsThe Advertising Standards Agency (ASA) has ruled that the advert in question - which shows shots of foreign currency, with the tagline "Whoever's on your banknotes with bank account plus you can withdraw them worldwide and we won'...Read More
More than a third of Brits bank online
A decade after the advent of internet banking, a report from Nationwide shows that 37 per cent of British people now manage their money online. Half of those who bank online said it was easy and 53 per cent said they found it convenient. One user in nine accesses internet banking as they can not always get to their local branch and one in 25 preferred the paperless process. Over half of online ban...Read More