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- PPI companies withholding information
According to the Financial Ombudsman Service, a number of payment protection insurance companies are withholding important information from investigators in a bid to stall compensation claims over the mis-selling of payment protection insurance cover to consumers. [28.02.07]
- Insurers to review their advertising claims
Recent reports have confirmed that insurance companies have been warned by the Financial Services Authority about using misleading advertisements, and have been given just a few months to review and change their advertising methods otherwise face action and fines from financial regulatory bodies in the UK. [26.02.07]
- FSA Hits GE Money With Fine Over PPI
The Financial Services Authority has hit a major UK finance company with a fine of over six hundred thousand pounds over the mis-selling of payment protection insurance. [23.02.07]
- Can you afford to forego pet insurance cover?
As with many other types of insurance cover the cost of insuring a pet in the UK is on the rise, and because of this research has revealed that only one fifth of pet dogs and one eight of pet cats in the UK actually have insurance. [21.02.07]
- Protect your pets without risking your finances
Being a pet owner can be a real joy, and people in the UK are well known for their love of animals and for treating their cats and dogs as members of the family.
- Look out for the right deal on your insurance
There have been many concerns expressed by a variety of experts and industry professionals with regards to the inadequate level of home insurance cover that a high number of people in the UK have got.
- Government Department Blunder Over OAPs' Bank Details
Thousands of UK pensioners could be at risk from ID theft and financial fraud after their personal bank details were sent to the wrong addresses after an administrative blunder by a government department. [19.02.07]
- Two out of three Brits prefer banking online
According to a recent survey undertaken by Lloyds TSB Internet, more than two-thirds of Brits prefer to do their banking online. 68 percent of respondents to the survey answered that they now conducted the majority of their banking transactions over the Internet. In 2005, only one in five Brits answered that the majority of their banking transactions were over the Internet and not in the banking hall.
- Banks doing all they can to put consumers off challenging overdraft charges
Over recent months the Office of Fair Trading has been looking into the extortionate rates that some UK banks have been charging customers for going over their authorized overdraft limits.
- Banks making billions from charging customers unfairly
The recent controversy over the hefty unauthorized borrowing fees charged by banks when consumers go into the red has really hit the financial headlines lately.
- Many critical illness insurance claims unsuccessful
A major UK insurer has admitted that when it comes to insurance claims on critical illness policies a large number of claims end up being turned down. [04.02.07]
- Heed warnings from insurance experts
With Britain recently suffering a period of bad weather, with fierce winds, storms, and the like, it is important for consumers to ensure that they have adequate insurance to cover them in the event of storm related damage. [04-02-07]
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