Banking News
BSA welcomes Government response on unclaimed assets
Commenting on the Government's response to the Treasury Select Committee's report on unclaimed assets, published today, Adrian Coles, Director-General of the BSA said: "The Government has today reaffirmed its commitment to a voluntary unclaimed assets scheme with a definition of 15 years of no customer activity.
Banking customers advised to go online
As the country prepares for the latest round of postal strike misery – an unofficial strike by some workers - Fairinvestment.co.uk advises bank account holders to take advantage of online banking to keep abreast of their finances as bills, invoices; bank and credit card statements go undelivered.
Police get tough on fraud in dawn raids across UK
Dawn raids by more than 20 police forces across the UK took place on Thursday and Friday in a special identity fraud-busting operation.
Sir Tom Hunter is “On the Money”
Philanthropist and businessman Sir Tom Hunter was quizzed about money matters by Glasgow school children as part of the On the Money project sponsored by Standard Life, Learning and Teaching Scotland and Scottish Book Trust.
RBS Group and BCC announce long-term partnership
The Royal Bank of Scotland Group (RBS Group) and the British Chambers of Commerce (BCC) announced a long-term partnership to support the small business sector. Together they will deliver a range of financial services and business development activities at a national and local level that will be announced later this year.
Money usurps politics as greatest taboo conversation topic
In the wake of election and pre-Budget fever, a new study by leading independent personal finance website Fool.co.uk reveals that despite politics being a long-established taboo subject, 12 million (28%) of Brits prefer talking about the subject than money.
Calls for greater transparency within financial services industry
Stuart Bernau, executive director at Nationwide, comments on the Resolution Foundation's call for a new code of practice for comparison websites: "It's vital consumers can make informed decisions about the financial products and services they choose.
Moneyextra.com welcomes comparison site ‘code of practice’
Consumer confidence and consumer choice are paramount, says online independent financial adviser, AWD Moneyextra.
Confused.com: Code of practice for financial comparison websites
In response to the Resolution Foundation’s research into the implementation of a code of practice for financial comparison sites, Debra Williams, Managing Director of the UK’s leading insurance price comparison service Confused.com, said:
MoneyExpert.com: backs comparison site ‘code of practice’
Leading financial comparison website MoneyExpert.com supports Resolution Foundation’s recommendation for a voluntary code of practice for the industry, and called for one to be established last year.
Fool.co.uk: Code of practice for financial comparison websites
Saul Devine, Managing Director at Fool.co.uk, comments: “We welcome the transparency and greater impartiality that a voluntary code of practice for price comparison websites would bring.
uSwitch: Code of practice for financial comparison websites
Ann Robinson, Director of Consumer Policy at uSwitch.com, the independent online price comparison and switching service, responds to the Resolution Foundation’s call for a voluntary code of practice for price comparison websites:
Code of conduct for personal finance comparison web sites?
The Resolution Foundation has today called for a voluntary code of practice for price comparison websites following new research it has published assessing the leading sites comparing financial products.
NCC: Government's Northern Rock announcement
NCC comment on Government's announcement that the guarantee arrangements previously announced to protect existing depositors of Northern Rock plc will be extended to all new retail deposits.
Scottish Widows launches text service for mortgage customers
Scottish Widows Bank has launched a free text messaging service designed to keep customers and financial advisers up-to-date on the progress of their mortgage application.