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  • 5corpio
    started a blog post Name checks on payments face delay

    Name checks on payments face delay

    A system making a recipient's name as important as the bank account number and sort code when payments are made could be delayed by up to 18 months. The Confirmation of Payee system means anyone making a payment will be alerted if the name does not match the account. It is designed to prevent millions...
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  • 5corpio
    started a blog post Utilitywise goes into administration

    Utilitywise goes into administration

    Energy broker Utilitywise has gone into administration, putting 1,000 jobs at risk. The firm, which helps business clients to procure gas and electricity, said it had been unable to raise enough cash to cover its debts. It also said a plan to sell the business had fallen through. The collapse of Utilitywise...
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  • 5corpio
    started a blog post Property repossessions 'lowest since 1980'

    Property repossessions 'lowest since 1980'

    The number of homes repossessed in the UK fell to its lowest level since 1980 last year, industry figures show. There were 4,580 homes repossessed by mortgage lenders from owners who were unable to keep up with repayments on their home loans. Low mortgage rates and a less aggressive attitude from lenders...
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  • 5corpio
    started a blog post New Ofgem cap prompts E.On to raise energy prices

    New Ofgem cap prompts E.On to raise energy prices

    Energy supplier E.On has become the first major company to announce price rises in response to a new cap set by the regulator for the start of April. On Thursday, Ofgem said it would allow suppliers to charge more to those on default tariffs owing to a rise in wholesale costs. Now E.On has confirmed...
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  • 5corpio
    started a blog post British Gas prepayment top-ups hit by IT fault

    British Gas prepayment top-ups hit by IT fault

    Customers have been struggling to top up their pay-as-you-go energy meters owing to a fault at British Gas. Those on prepayment meters have been unable to pay via the supplier's website and app. The company - the largest supplier in the UK - has apologised, said the app had now been fixed, and is encouraging...
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  • 5corpio
    started a blog post Lloyds' overdraft fees unacceptable, says MP

    Lloyds' overdraft fees unacceptable, says MP

    Lloyds Banking Group has been criticised for introducing new overdraft charges on Monday ahead of a proposed crackdown later this year. An MP described the fees - which will equate to an annual interest charge of up to 61% - as "unacceptable". The Financial Conduct Authority wants to scrap...
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  • 5corpio
    started a blog post Thousands tell HMRC to delete voice data

    Thousands tell HMRC to delete voice data

    More than 160,000 people have told HM Revenue and Customs to delete biometric data it gathered during phone calls. The tax authority captured millions of callers' voice data after launching its Voice ID system in 2017, but originally gave people no easy way to opt out. Privacy group Big Brother Watch...
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  • 5corpio
    started a blog post Edinburgh-based energy supplier Our Power folds

    Edinburgh-based energy supplier Our Power folds

    Edinburgh-based Our Power, which has 38,000 customers, has gone out of business. Its website said the interests of customers would be protected and power supplies were "secure". The jobs of 70 members of staff at the not-for-profit company are at risk. An administrator is expected to be appointed...
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