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Football fans that are headed to South Africa to see the World Cup are warned that they should not take cash in excess, after research shows that many are worried their plastic will not work in South Africa. Over 37% of those travelling are worried that their cards may not be secure overseas according to a [...] Insurers have claimed that approximately £5.2million of fraudulent claims go undetected every day. This is a shockingly high 24% increase compared with research carried out two years ago. Insurance fraud has soared to an estimated £1.9billion a year in the UK, causing a knock-on effect in the form of rises in insurance premiums. This year alone [...] It is an odd coincidence that the four worst banks for customer service also happen to be the four that our owned by the taxpayers through the huge banking bailout that followed the credit crisis. Halifax and Bank of Scotland, and Lloyds TSB apparently offered the poorest customer service despite the massive £21 billion that they [...] The Government announced a deal this week made with credit card lenders that Gordon Brown claims will end their high interest charges. Last year the Government threatened credit companies with regulation after it discovered that many store and credit card issuers were using minimum repayments from customers in order to pay low interest debts before high [...] The Financial Ombudsman Service (FOS), which provides consumers with free, independent assistance in resolving disputes with financial services, reports an 18% rise in consumer complaints. The underlying cause of the increase stems from a couple of factors, according to a spokesman from FOS. Lean economic times tend to make financial institutions unwilling to pay settlements in [...] Cambridge University experts believe that the chip and pin system is broken after they were able to get it to accept transactions without the use of a pin number. Consumer group Which? has now joined the experts in demanding an investigation into the supposed flaw to protect millions of consumers from facing fraud and identity [...] M&S Money has announced the launch if its new flexi cash ISA option, offering a variable rate of 2.65% AER/tax-free (Annual Equivalent Rate) which includes the bonus rate of 1.25% for 18 months from initial deposit. The new Flexi Cash ISA requires a minimum deposit of £100 to be made, either paid in one lump sum [...] |
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