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.
Could we see UK banks moving overseas?
As the recently created Banking Commission looks to hit the ground running in the UK there is great concern that the idea of forcing UK banks to split themselves up between retail and investment operations could backfire. Already the likes of HSBC have stepped forward to say that while they are happy to be based within the UK they will, like so many other banks in the country, reconsider their pos...Read More
Did you know 29% of partners still maintain financial independence?
A report by Tesco bank has revealed that 29% of couples in the UK are unwilling to pool their financial resources into joint accounts and similar setups. The report also reveals that it takes two years for the average couple to be happy to pool their finances although around 56% would still look to maintain some kind of financial independence from their partner. Another interesting fact from th...Read More
UK government seizes £4 billion of Icelandic assets in UK
In a move which has been welcomed in the UK but may well backfire in the overseas political scene it has been confirmed that the UK government has seized £4 billion of Icelandic assets held in the UK. The £4 billion figure is in excess of the £3 billion which is said to be owed to UK investors by Iceland's financial system. So what next?
While initially the Icelandic government...
Northern Rock shareholders lose their legal battle
A group of former Northern Rock shareholders have today been forced to admit defeat in their pursuit of the UK government and the "fair" compensation package for their shares. They argued that the fact the UK government had already placed a "value" on Northern Rock's value prior to nationalisation, infringing their human rights. The High Court judges who heard the case against the government ruled...Read More
Is the Post Office bank starting to fall apart?
As the UK government today announced news of a significant investment into the UK Post Office network, which will result in banking services becoming available up and down the country, these very ambitious plans are already under attack. In a bitter blow to the UK government it has been revealed that a joint-venture with Bank of Ireland will see the Post Office hand over 50% of all banking profits...Read More