Results for Gareth Shaw tag

Gareth Shaw, Head of Money at Which? said: “Pension scams are becoming increasingly sophisticated and can have devastating consequences, leaving savers at risk of seeing their entire retirement income disappearing in an instant. “It’s right that the government is looking to set more stringent expectations on pension schemes to detect potential scams and to act […]

Gareth Shaw, Which? Head of Money, said:  “These initiatives could have a really positive impact on communities that have seen sharp cuts to their cash machine and bank branch networks in recent years, which have forced some cash dependent consumers to travel unreasonable distances or face hefty charges to withdraw their own money. “However, in […]

Gareth Shaw, Which? Head of Money, said: “Millions of people rely on cash as they are not ready or able to take advantage of digital payments. However, rapid closures to the cash machine and bank branch networks in recent years mean that many of these consumers risk being abandoned by their banks. “Our research has […]

Gareth Shaw, Which? Head of Money, said: “The bank branch network continues to shrink at an alarming rate, often leaving entire communities without somewhere to withdraw cash or speak to someone face-to-face about sensitive financial matters. This announcement means Santander has now closed 470 branches since 2015. “Although many consumers can benefit from digital banking, […]

Gareth Shaw, Which? Head of Money, said: “It is deeply concerning to hear the government could be wavering in its commitment to legislation to protect access to cash. Rishi Sunak’s promise at last year’s Budget gave hope to millions of people and to communities around the UK that rely on cash and would struggle to […]

Gareth Shaw, Head of Money at Which?, said: “The pandemic has put added strain on the UK’s frail cash network. Our research shows some of the most vulnerable, who rely on cash to pay for essential goods and services, are at risk of being excluded as the UK accelerates towards a cashless society before they […]

Gareth Shaw, Head of Money at Which?, said: “While the FCA has announced support for some credit and overdraft customers who will struggle financially after the current support period ends, the regulator has wound down vital protections like payment deferrals too soon. “Many people could face a perfect storm of financial pressures amid widespread job […]

Gareth Shaw, Head of Money at Which?, said: “These pilot schemes are a very positive step – innovative solutions are badly needed to help communities, businesses and millions of people who are really struggling from being cut off from cash and banking services. “It’s encouraging that these pilots are still going ahead in spite of […]

Gareth Shaw, Head of Money at Which?, said: “The regulator is rightly proposing action to stop insurance firms from exploiting their loyal customers with sharp pricing practices. Our research has found that existing insurance customers are often punished with vastly overpriced premiums when little has changed in the service they receive. “The FCA must move […]

Which? is launching a free scam alert service to warn consumers about the latest fraud attempts and give advice about how they can protect themselves, as criminals exploit the coronavirus outbreak to unleash a new range of scams. With more than £1.2 billion lost to scammers in 2019, fraud has become one of the most […]