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RSM Robson Rhodes launches study of economic crime

RSM Robson Rhodes is teaming with the Fraud Advisory Panel and the police to launch a comprehensive study into the impact of economic crime on financial services.

Financial institutions are being asked to participate in the study supported by the Home Office, on ways to curb economic crime which is estimated to cost financial services £10bn and the wider UK economy £14bn per year.

The research hopes to provide insights into the impact of economic crime, its cost to the industry and preventative measures. It will cover misappropriation, cheque credit card and cyber fraud, identity theft and money laundering. The results are due in October.

Home Office Minister Hazel Blears says: “The Government takes business crime, including fraud very seriously. We recognise the cost and disruption crime causes to business – as well as the effects on consumers. However, a great deal of fraud can be prevented if organisations have appropriate measures in place and are aware of the risks and how to avoid them.”


First Active steps in with mortgages for intermediary sector

Royal Bank of Scotland&#39s Irish subsidiary First Active is moving into the UK intermediary market with two mortgages. It is offering a two-year discount and a five-year stepped loan. The discount features a rate of 4.04 per cent until 2006, reverting to Bank of England base rate plus 0.69 per cent. The five-year stepped mortgage […]

BSA says dormant account assets are only about £22m

The Building Societies&#39 Association says the money left in dormant society accounts bears little relation to the billions that the Government is looking to retrieve. Budget proposals to force societies and banks to hand over cash in dormant accounts to charity has provoked a row between the Treasury and the BSA. In an effort to […]

ABI outlines 10 point pensions plan

The ABI is proposing a series of amendments to the Pensions Bill in a briefing paper to Peers in the House of Lords which it hopes will encourage more people to put money aside for their retirement. The trade body is hoping its proposals will help clarify how long it will take for the Pension […]

Divorce Bureau offers franchise deal to IFAs

Wolverhampton firm Alexander James is developing a business that generates relationships with solicitors for IFAs. The firm is looking to franchise its Divorce Bureau operation to IFAs wanting to build up relationships with solicitors. The Divorce Bureau enables IFAs to establish professional relationships with solicitors by referring advisers&#39 clients who are going through divorce to […]


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