Tag: could
Don’t bank on your phone – it could be hacked by Zeus
Malware attacks Android phones to steal financial data as security experts warn of ‘fraudsters’ heaven’ No one knows who lies behind Zeus. Security experts believe he or she is Russian, but no one is completely sure. But what they all agree is that Zeus is the most pernicious “trojan horse” – a destructive program disguised [...]
Olympic credit card debt could take ’20 years to pay off’
Average £1,250 spend on tickets for the London Olympics could end up costing nearly £3,000 if cardholders make only minimum repayments, a comparison site warns Consumers who bought tickets for the 2012 Olympics on their credit cards and make only the minimum repayments could still be paying for the event in 2032, according to uSwitch.com. [...]
Retirement age change could prompt mortgages rethink
Scrapping the default retirement age will impact on people’s financial planning for later life, and on lenders’ approach to mortgages, experts say Scrapping the default retirement age (DRA) could have far reaching consequences for many people’s financial planning, experts cautioned today. The move could particularly affect those taking out mortgages and saving for retirement. Most [...]
Yorkshire and Clydesdale errors could be written off
• Borrowers were told they had underpaid and were in arrears • Those who complained to FOS could have shortfall written off Mortgage borrowers who have been told by their lenders that they owe thousands of pounds because they have underpaid their mortgages for several years may be entitled to have the outstanding amount written [...]
BT pension changes could reduce retirement incomes
BT’s decision to change the measure of inflation used to calculate pension payments has shaved £2.9bn from its deficit but could mean lower incomes for retirees BT has slashed £2.9bn from its pension deficit by changing the measure of inflation used to calculate payments to scheme members, leading to fears that retiring staff incomes will [...]
Compulsory pension annuities could be scrapped
Announcement this morning expected to say that pension investors will no longer be forced to buy an annuity The government will announce a long awaited consultation on the scrapping of compulsory annuitisation later this morning. The Financial Secretary to the Treasury Mark Hoban will announce proposals outlining how the government intends to implement the “simplification” [...]
