Britain’s financial regulator has finalised the rules for access to cash across the country following concern expressed about the closure of thousands of bank branches and free to use ATMs. Campaigners have been demanding action over what they see as the creation of potential ‘cashless deserts’. Cash machines Over the last 12 months 13% of …
British industry has called for the government’s furlough scheme to be extended to preserve key skills in the workplace. The manufacturer’s organisation Make UK has warned of what it called a jobs and research and development disaster with the loss of specialist skills unless the furlough scheme is extended for them. Hardest hit The organisation …
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Bank staff across the country working with the police foiled scams valued at £19 million in the first half of the year. Trade body UK Finance revealed that specially trained staff working on a scheme known as the Banking Protocol had also been instrumental in more than 100 con men being arrested. Prevented Introduced three …
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An investigation by The Times has found insurance brokers are raking in commission for decades on policies they have sold, but their clients know nothing about it. The paper said: “Millions of people are unknowingly paying commission for private medical cover and other insurance. Fortune “Britain’s biggest insurers, such as Aviva and Legal & General, …
Britain’s competition watchdog is investigating four of the country’s top housebuilders over the way they are selling leaseholds. The Competition Market Authority’s (CMA) year long investigation into Barratt Developments, Countryside Properties, Persimmon Homes and Taylor Wimpey has now been escalated and the four are facing enforcement action. Ripping off All four are accused of ripping …
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A respected pensions think tank has claimed that ‘smoothing’ the mechanism of the UK’s triple lock pension system would be better than switching to a double lock and would still save £15 million. Concern has been expressed that the effect of the coronavirus pandemic could play havoc with the current triple lock system because of …
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This month thousands of British teenagers will get access to Child Trust Funds in their name worth £1,000 or more and to some it will be a complete surprise. The Child Trust Funds were the idea of Gordon Brown when he was Chancellor of the Exchequer in 2005. He launched the tax-free funds as a …
More than 3,500 British firms have told the government they planned to cut more than 300,000 jobs between June and July, despite the furlough scheme keeping millions of jobs going. Any company planning 20 or more redundancies has to notify the government on a special form of how many posts they plan to lose and …
The government has pledged £11.5 billion to build up to 180,000 discounted homes over the next five years. The new homes are designed to help first-time buyers to take their first step on the property ladder with half being available to buy through affordable home ownership schemes. Cheaper Most of the rest will be given …
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New figures from Britain’s banking body show mortgage lending almost halved in the second quarter of the year as the market was frozen due to lockdown. The most significant fall was 48% for house purchasing. Re-mortgaging slipped by just 4% and buy-to-let lending was down by 11%. Economic activity The massive hit taken by the …
You do not need to use the services of a Claims Management Company like Money Management Team. You can contact the lender directly for free and if they are no longer trading, you can contact the Financial Services Compensation Scheme providing it falls within their remit. The Financial Ombudsman Service can be contacted free of charge, if you have approached your lender first and wish for them to review your case. You also have the right to seek further advice from other legal firms or consumer organisations, subject to any time limits within which a claim must be made