Latest Finance and Business News

Thursday 2nd May 2024

Government saves £300m in two years by preventing fraud and error.
The government’s national Fraud Initiative (NFI) has saved over £300 million in taxpayers money, in a two year period. Chloe Smith, Minister for the Constitution, has announced over £300 million in savings, made from clamping down on fraud and error. “We are […]

Victims Of Pension Fraud Lost An Average Of £91,000

Thursday 2nd May 2024

The Financial Conduct Authority and The Pensions Regulator have issued a statement, to warn the public to be vigilant when receiving cold-calls, regarding pension investments.
The warning comes after 253 victims contacted Action Fraud to report pension investment Swindle. This resulted in more than £23 million lost to pension scammers in 2017 alone. […]

Business News In Brief

Thursday 2nd May 2024

Shop Direct lose £24.7 million in PPI Claims.
Shop Direct, which owns Very.co.uk and Littlewoods.com, have reported a loss of £24.7 million in one year. This is in stark contrast to a £24.9 million profit in 2017. The company has put the loss down to a further £128 million set-aside to compensate customers […]

The latest headlines from the timeshare industry.

Tuesday 30th April 2024

Marriott and Starwood Merge for a colossal rebrand.
The merger, which was completed on 1 August, has created the largest portfolio, with 110 Million members and over 6,500 hotels, in 127 countries and 29 brands. They are taking all of these members and brands and combining them into one. This single brand is […]

Scams We Should All Be On The Lookout For

Tuesday 30th April 2024

Here are just some of the scams we should be on the lookout for.
Police are warning people over doorstep scammers who pose as ex-offenders. The scam involves people posing as ex-offenders going door to door selling items and Greater Manchester Police force are so concerned they have issued a warning. Bogus […]

Crackdown on Fraud must target new generation of online scams.

Tuesday 30th April 2024

As people are becoming more and more aware of the types of scams out there, swindlers are having to create new ones, to replace the old ones. We are all aware of Phising but have you heard about Vishing, Spoofing, Twishing and Smishing ?
Neither had we, but these are just some of […]

Banks Are Still Refusing To Uphold Consumer Rights

Monday 29th April 2024

Millions of people in the UK are scammed into one scheme or another every year. Whether it be the infamous PPI scandal, mis-sold pensions, unlawful bank transfers or ordering something online that didn’t show up. That’s why in the UK we benefit from consumer protection rights that give us, the customer, some […]

American Timeshare Fraudster Arrested In The Philippines

Monday 29th April 2024

An American telemarketer wanted in the US for allegedly committing $6 Million worth of fraud, has been caught, after 6 years on the run.
 
Osvaldo Gonzales was initially arrested by authorities in the Philippines on Doubt of domestic violence. As Gonzales was not a permanent resident in the Philippines, authorities checked records held […]

Crash For Cash Ringleaders Jailed

Monday 29th April 2024

A colossal crash for cash scam, which netted £2 million for its ringleaders, has seen more than 150 people convicted for submitting bogus claims.
 
The full scale of the fraud can now be revealed, as the final 3 defendants in the case have been convicted. All of the parties involved have either admitted or […]

Timeshare Victims In Distress !

Saturday 27th April 2024

Mercantile Claims are representing a large number of applicants in relation to mis-sold timeshare contracts, many of which have bottle-necked with the Financial Ombudsman Service (FOS). These cases are ones where the finance provider has refused to acknowledge responsibility for the mis-selling of the contract, and so we have had no further […]