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Even power company staff are confused by their own tariffs

An undercover investigation has shown that many staff who work at energy companies do not know which their cheapest energy is offering. This is because of the complexity in a number of options available to consumers. The information has come out of the consumer body Which? after an investigation that involved calling several energy companies [...]

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Consumers worry that mobile wallets are not safe from phone hackers

Intersperience research reveals mobile payment security concerns

·       phone hacking fears prevalent among consumers

·       44% worry about lack of security software on mobiles

·       only 17% of consumers want to use mobiles as wallets in future

While new payment systems known as ‘mobile wallets’ seem very much to be the way in which we will be paying for our goods in [...]

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Police tackle voucher shopping fraud

Stores and supermarkets across the UK have been having to go to the police to deal with frauds that have been occurring in their stores. The economic climate has meant that more stores than ever are issuing money off codes so that people are tempted to spend more in store. This has lead to people [...]

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OFT cracks down on companies that sell free government services

In times when the consumer has less disposable income the last thing they need is to be paying for services that they should be entitled to for free. The Office of Fair Trading (OFT), is beginning a crack down on companies that are selling the same services that the government and other bodies provide for [...]

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Insider dealing sentences will increase dramatically

According to a leading authority of the area, insider dealing cases being investigated by the Financial Services Authority could break all time records for sentencing. The watchdog’s request for harsher sentences for insider dealing show the FSA is banking on a few of their current cases breaking new records as to length of jail terms [...]

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Bordeaux vintage is as fake as a 20 quid Rolex

Wine drinkers have been warned today by wine merchants to be aware of criminals that are claiming a new Bordeaux vintage, but will never deliver. The supplier to the 2012 Olympics, Bibendum and Britain’s oldest wine merchant, Berry Bros. have said that those wanting to buy last year’s vintage, could be targets by fraudsters that [...]

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Fraud pushing up the cost of motor insurance

The cost of motor insurance is rising because of fraud, which includes fake accidents, says a report by the Transport Committee of the House of Commons and their recommendation is a policing unit, against fake accidents, be funded by the insurance industry crack down on insurance claims that are false and an urging has gone [...]

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Law Society warns homeowners about fraud

Fraud relating to property has increased so much that the Law Society has been forced to issue a warning. Householders are particularly worried about falling victim to this kind of crime and are willing to take any advice offered as to the prevention. The Law Society is advising homeowners to avoid any schemes or insurances [...]

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Motorway services overpriced on nearly everything

According to a survey recently published, motorway service areas are charging unforgivable prices, in some cases double the high street prices, for some drinks. Bottled water at a WH Smith shop was being sold for 91% higher than in their town centre stores.

Other inflated prices were 25% more for an own-brand Marks & Spencer Scottish [...]

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Flaw in chip and pin published by Cambridge University

According to the latest reports, an institution of higher learning has prevailed over the powers of higher finance.  Cambridge University refused a demand from the UK Cards Association to remove a student’s thesis from the internet on the grounds that such censorship goes against the very foundations of what a university is all about.

Omar Choudary [...]

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