ball rolling

[bustedbert]

got my nat west account numbers today.

[Skippy]

Glad you've got your account sorted x

[Shining]

All good and I'm happy with my Natwest account to be honest it's only the basic but it does for me x

[bustedbert]

cheers. ok, i got my new accounts , all im waiting for now is forms from my employer to change my wages over. is there another way of making sure my pay goes into new account. i have waited a week for forms.if wors comes to worst and my pay goes into my old account i will have no option but to manually transfer my wage from old account , will this be acceptable with iva being drawn up. i have not got a draft from ip yet so iva is in early stages.

[Shining]

If the money goes into old account do withdraw it all and deposit in new account. chase your employers for that form next week, they'll need to be instructed where to deposit money so it's up to them to do it for you. x

[kallis3]

Totally agree with Lesley. Badger your employer as this needs to be done sooner rather than later.

[bustedbert]

yeah,will do, phoned yesterday but, regular payroll admin wernt there; typical.thanks again for your ongoing support and advice .will be updating my situ as it comes cheers.

[Shining]

Hope it's sorted early next week and then that's another thing complete. Look forward to your updates. Support and advice always available on the forum. x

[bustedbert]

as i get monthly pay i dont get paid till 30 nov, but i rather get it sorted now earlier the better.though i may get form today but not to be.

[bustedbert]

iva proposal in final stages now.

[Shining]

not be long now then!

[bustedbert]

telephone meeting thursday with my IP ready for finalization of proposal for creditors.

[bustedbert]

this is interesting......The Financial Services Authority (FSA) has hit HSBC with a fine of £10.5 million, the largest-ever retail fine. It's taken action over what it calls "inappropriate investment advice" provided by HSBC subsidiary NHFA Limited to elderly customers.

The FSA says that between 2005 and 2010 NHFA advised nearly 2,500 elderly customers to invest in asset-backed investments to fund long-term care costs. These investments were mainly investment bonds.

The products typically had a five-year investment period but many of the customers had a life expectancy of less than that period. The average age of the people buying these products was 83. In one case, a 94-year old customer was sold a five-year investment.

As a result, people with shorter life expectancies had to make withdrawals. This, coupled with product charges, led to many people's investment pot shrinking far more quickly than if they had received the right advice.

[Shining]

Good luck for Thursday won't be long now. x

[kazzafunk]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by bustedbert

this is interesting......The Financial Services Authority (FSA) has hit HSBC with a fine of £10.5 million, the largest-ever retail fine. It's taken action over what it calls "inappropriate investment advice" provided by HSBC subsidiary NHFA Limited to elderly customers.

The FSA says that between 2005 and 2010 NHFA advised nearly 2,500 elderly customers to invest in asset-backed investments to fund long-term care costs. These investments were mainly investment bonds.

The products typically had a five-year investment period but many of the customers had a life expectancy of less than that period. The average age of the people buying these products was 83. In one case, a 94-year old customer was sold a five-year investment.

As a result, people with shorter life expectancies had to make withdrawals. This, coupled with product charges, led to many people's investment pot shrinking far more quickly than if they had received the right advice.

Couldn't happen to a nicer bank!!! In the future if they offered me the world I would tell them where to go![;)]