Churning

Scammers are churning out vast numbers of bogus online ads, MPs told

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Pension savers and investors are being bombarded with fraudulent online ads on ‘industrial scale’, say financial regulators who called for more money and resources to step up public warning campaigns. Criminals no longer need to produce glossy brochures or set up fake offices as online adverts can be created ‘very easily’, an official told MPs … Read more

Fed up of the savings merry-go-round? Churning best-buy rates is irritating

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Our third savings account of the year lasted a month.  Like many savers I was a bit miffed last week when NS&I cut the rate on its easy-access income bonds from a best buy 1.15 per cent to 0.01 per cent. Particularly as I’d only just transferred our money into them four weeks previously.  That was … Read more