Results for Gareth Shaw tag

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 […]

Gareth Shaw, Head of Money at Which?, said: “For years, fraudsters have been using “spoofing” tactics to trick their victims and we’ve seen huge numbers of people lose significant sums of money to this type of scam. “It is good to finally see a co-ordinated approach across the banking and telecoms industry to develop solutions […]

Gareth Shaw, Head of Money at Which?, said: “Pension savers should think very carefully when making decisions about accessing their money if they are concerned about the impact of the economic uncertainty on their finances. While pension freedoms have offered greater flexibility, they have also led to increased risks such as scams and poor value […]

Gareth Shaw, Head of Money at Which?, said: “Millions of people rely on cash every day but many will struggle to access their money during the coronavirus crisis. Our research has found a third of people, including those aged 65 and over and vulnerable consumers, have concerns about managing their money digitally, so this initiative […]

Gareth Shaw, Head of Money at Which?, said: “The financial impact of the coronavirus crisis on savings including pensions is a huge concern for consumers, and the uncertainty has created the perfect environment for fraudsters to thrive. “In the last few weeks, there has been a rise in scams and dodgy get-rich-quick investments, so it […]

Gareth Shaw, Head of Money at Which?, said: “Buying a home is a major life event, and anyone navigating the already complicated process amid the coronavirus crisis is likely to be having a hugely stressful time. “It is vital that home movers are afforded flexibility by all involved in the home buying process from agents […]

Gareth Shaw, Head of Money at Which?, said: “It is positive to see lenders taking a proactive approach, and this latest initiative will provide some relief for home movers who have had to halt purchases. “Mortgage providers must move swiftly to provide those affected with clear guidance on how the initiative will work in practice […]