Weekend catchup — this week’s personal finance headlines

Weekend catchup — this week’s personal finance headlines

Abseiling for charity, fraudsters target directors, payday complaints
© Cascaid

Fund chiefs get that sinking feeling

Fund managers showed they were happy to take more risk in order to boost their performance, raising tens of thousands for Cancer Research with a sponsored abseil down a City skyscraper last weekend.

FT Money editor Claer Barrett (pictured) was among those to climb down the 33-storey Broadgate Tower at the event organised by Cascaid, the industry charity. “There were amazing views — so long as you didn’t look down,” she said. “Everyone put aside their fears to support a great cause.”

Andrew Formica, joint chief executive of Janus Henderson, was the first to descend but was nearly blown around the corner of the glass tower by high winds.

Others dressed up as Superman and Spider-Man. For the full story, and to donate, go to FT.com/Cascaid

Fraudsters target UK directors through Companies House

Company directors are twice as likely as other members of the public to be the victims of identity theft, with criminals using data in Companies House to target their victims, writes Aime Williams.

One-fifth of all victims of identity fraud between 2012 and 2015 were company directors, who are being “disproportionately targeted”, according to research by Cifas, which operates the National Fraud Database, and LexisNexis Risk Solutions.

Identity fraud has hit an all-time high, rising 68 per cent since 2010 to 173,000 individual cases last year.

Barbara Judge, chairman of Cifas and the Institute of Directors, said the availability of directors’ details in the Companies House register was partly to blame. Directors’ names, addresses and dates of birth are usually freely available to members of the public online.

“There will always be more publicly available information about you if you run your own business compared to other individuals,” said Lady Judge, who warned directors to be scrupulous in separating, as far as possible, their personal and corporate lives.

Alongside details logged with Companies House, directors were likely to have a media or online presence which included a photograph, she added, as well as details logged with banks, insurers, utilities and business services companies.

Read more on FT.com

[Source”pcworld”]