Financial Facts

For facts and advice about all things financial

Archive for April, 2009

Top 8 ways to protect against fraud.

Apr 23

Posted by Financial Facts Admin in Credit Card, Tips and advice

Credit Cards

1.    Always keep your credit card data secure and check your credit card statement regularly. Doing silly things like keeping your pin number near to to your cards in your wallet has caused more people more stress than any other type of fraud. If a fraudster pickpockets your wallet or finds it lying in the street and there is a four digit number embedded somewhere in your wallet, they’re going to try withdraw money from a cash machine. Under this scenario, your bank will not protect you because their terms and conditions tell you to keep your pin number and your cards separate.

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Aon closes it’s final salary pension scheme

Apr 20

Posted by Financial Facts Admin in Financial News

Aon, the pension actuary today closed final salary scheme to new entrants. While this move will be met with nothing more than murmurs in most financial circles, those in the know will greet it with howls.

It is no secret that final salary pension schemes have been under pressure in the UK for more than a decade after Gordon Brown scrapped the pension tax credit. Companies which advised large multinationals on their pension provision were seen as the last hold outs for final salary pension schemes.

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10 tips to ensure you don’t get strangled by credit card debt.

Apr 16

Posted by Financial Facts Admin in Credit Card, Financial Tips and Advice

Credit cards

1.    Most people that if you use credit card, you pay off balances monthly. If you use credit cards like this as a simple and easy way to pay for goods and services on and off-line, then there really is no problem.

2.    When you see the balance of your credit cards getting past one months wages, consider tightening your belt for a couple of months to try and get the balance of your credit cards down.

3.    If you find yourself spending without any recourse as to how you will pay the money back, you should seriously examine your purchasing behaviour. The typical sorts of people who get into trouble using credit cards are impulse buyers. If you find you fall into this category, leave your credit card at home when you go to the shops and take cash instead. Read the rest of this entry »

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How will the economy recover?

Apr 14

Posted by Financial Facts Admin in economy, Financial News, recession

Jim Rogers, the man who co-started the quantum fund with George Soros, the man who famously drove the UK from the exchange rate mechanism and brought down the Major government, has been appearing on media outlets around the world with a stark message for the British public.

Rogers believes that the economy is doomed for decades. He says this with great sadness because he was educated in the UK and he loves it here. His reasoning is quite simple. Read the rest of this entry »

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