Finance Legal

Important Tips for Improving your Financial Security

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Nowadays, money makes the world go around. With everything becoming digital, even banking, it’s important now more than ever to insure you protect yourself financially. Sadly, increased security only leads to criminals trying harder to get your details and access your money. Keep yourself and your money safe by following these important tips to maximize your financial security.

 

Protect Your Pin

The first thing you should do is ensure your pin is kept secure. Never share your pin with anybody, even those you trust. Always make sure if you’re entering it on your phone or at an ATM that there is nobody lurking around trying to sneak a peek. When you’re at the ATM, you should also use your hand to shield your pin. Scammers have been known to attach cameras to ATMs, so you could be giving a stranger your pin without even realizing!

Online Banking

The next step you can take to help improve your financial security is by signing yourself up to online banking. By doing this you’ll be able to access your account instantly and will be able to keep track of your finances and pay attention to any unusual looking transactions you don’t recognize. There are even a number of online banking apps designed to replace your physical bank account with an online account. These apps allow you to keep a more organised look into your spending and allows you to access your security settings and account history from your phone. If you like the sound of that, read more here and get yourself an online account sorted today. They also are perfect for accounts if you’re going on holiday, you can convert your money straight away in the app using the best conversion rate and use one card no matter where you are.

Update Your Details Regularly

You should make sure your security settings are regularly updated. Make sure to change your password regularly and try to make sure you use a different password for your bank account to all of your other passwords. Keep a note of your password and make sure it’s in a safe place where nobody can access it.

Protect your Documents

Whilst most banking correspondence is done digitally these days; you may still receive letters from your bank. These letters can often contain important details you should be sure to keep protected. If you’re wanting to throw out letters from your bank, it may be worth investing in a shredder or even having a mini bank bonfire out in your backyard. By thoroughly destroying these letters you can rest assured nobody will be able to access your private details.

Be Mindful of Scams

Unfortunately, as security measures become more complicated to get through, scams have also become a major problem as it’s become harder than ever to recognize. If you ever get an email or text from your bank asking you for ANY details whatsoever, DO NOT click the link. Instead go onto your banks official website or app and get in contact with them directly. Most banks will never contact you asking for your own details.

Related

Health & Safety Regulations Every Small Business Owner Must Know

Keeping your small business afloat is a lot of responsibility. But one of the most important aspects of owning a small business is ensuring you are aware and compliant of health and safety regulations. They ensure your employees and clientele are kept safe. Failure to comply can lead to injury or damage which can be expensive to deal with and detrimental to your small business. While it shouldn’t be an issue for the vast majority of small businesses, it’s probably worth noting that your employees have the right to refuse to do any task they deem as unsafe. So, if you’re wanting to make sure your business is on top of its health and safety, pay attention to this advice and be sure to do your own research – or else your business could be on the line.

Furniture

In order to prevent injury and potential lawsuits, it’s probably worth checking the furniture you have around your workspace. Check your desks and chairs are sturdy and unlikely to break. If you’re unsure it may be worth investing in some new furniture that passes health and safety regulations. For example, the best office chairs to invest in if you’re wanting to ensure you’re meeting health and safety regulations are like the office chairs reviewed here. Don’t take any chances, your employees and clients should always be your number one priority.

Cleanliness

It should be a given, but it is very important you keep your workspace as clean as possible. It could be worth investing in a cleaner, but if it isn’t in your budget, you should ensure your workspace is given a deep clean at least every two weeks. It may also be worth establishing a basic cleanliness standard that all your employees are aware of. Make sure your soap dispensers are consistently topped up and add a sign beside your sinks to remind people to wash their hands. It could also be worth in investing in some hand sanitizer pumps around the workspace.

Fire Safety

Also, an extremely important aspect of keeping your workspace safe is ensuring you’re on top of your fire safety. Make sure you test your fire alarms regularly and have a fire escape plan in place that your employees are confident with. Ensuring you have fire extinguishers around your workspace could be the difference between a burnt-up microwave and losing the entirety of your workspace.

Space to People Ratio

Many people may not know this but there is a regulation in place to ensure your employees have an adequate amount of space to work in. To stay within regulation, you should ensure per employee, there is at least 41 square feet of office space.

Obstructions

To help reduce the risk of injury, it’s important to limit the clutter in your workspace. Any doors, especially fire exits, should never be blocked and walkways should be clear. Should the worst happen, and you and your employees need to exit the workspace quickly, it shouldn’t be made any more difficult by obstructions. Don’t put your business at risk and keep your workspace tidy.

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Why the EU is Looking to Change Inheritance Law

Legal disputes during the grieving process are never ideal. The time is bad enough without further complications and everyone deserves that period to be as least stressful as possible. That is what inheritancelaw really understands. they are based in Manchester, Birmingham, and London.

Cross Border Inheritance

Recently, lawyers have cautioned that UK people with assets and belongings in Europe could, unbeknownst to them, leave them to the mercy of the English law after new rules have emerged, and cross border inheritance has come into effect.

I can’t tell you how mad this makes me. It’s another post Brexit thing and I’m sick of it.

The whole purpose of this change is to make it easier for EU residents by giving them the choice between either choosing the law of the country of their nationality or the last place they lived to have an effect on their inheritance.

Forced Heirship

And what’s more, the UK has elected not to follow the new rules but the changes will still affect the UK citizens with, as I said, assets and belongings in Europe. The biggest uproar from this is it allows people to be exempt from the ‘forced heirship’ rules that affect a large number of countries in the EU and dictate how assets are inherited throughout a family after death. The Society of Trust and Estate, as an example of how the rule will be used in action, has said a woman in the UK that owns a house in France would have had to have left it in her will to her husband and kids. This is due to the French Forced heirship rules.

However, because of the new rules implemented, she could choose to have the UK law affect her house, allowing her to leave it to a sibling if she chooses. It offers more freedom. Unfortunately, this also means that people not born in the UK could be affected by their laws without even noticing it.

This could be incredibly problematic and, as I have said, the grief period is a stressful and awful time anyway without this piling on top.

People that don’t want the English law to have an effect on their assets will need to alter their will to make this clear and people with assets across the EU are being urged to review their plans and wills.

If someone in your family or a close friend dies and you are an heir, as a basic rule, you can settle their inheritance with:

  • A person authorized to perform legal actions of any EU country
  • The courts where the recently deceased lived before their death.

Heirs Choosing the Court

So if there is an issue that needs to be resolved by a court, as an heir you will normally be required to go to the courts of the country in the EU where the deceased previously lived. On the other hand, if the deceased had, in fact, chosen that law of their nationality to apply to what they’re leaving behind, and that is also the nationality of an EU country, you and other heirs can present the issue to the EU courts of that country.

If you are an heir, you also need to prove your entitlement.  Usually, this comes from a national document certifying your status. You can also ask the powers that be to grant you a European Certificate of Succession. So overall, the benefit of this is that it means its effects are identical throughout the EU regardless of where it was given and it’s recognized without any additional procedure. It can be obtained from any EU court.

 

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The 7 Most Important Advertising Laws You Must Know

Advertising law is often cited as one of the most confusing sections of the law to try interpret, this passage will attempt to break down some of the more confusing parts of these laws into simple layman terms. 

Telemarketing and Consumer Fraud and Abuse Prevention Act

The TAC act is meant to put a leash around telemarketing companies and stop any and all deceptive practices. This act was instrumental in protecting the consumer and eliminated many shady yet common practices. 

Telephone Disclosure and Dispute Resolution Act of 1992

This act requires companies to disclose possible dangers to children, and offer a transparent billing practice. This act changed telephone advertising and squeezed unsafe products out of the market. 

Fair Packaging and Labeling Act

The Fair Packaging and Labeling Act requires that all consumer commodities, apart from food and drugs, label their contents and their place of manufacturing. This does not include online services so take this example of a digital signage product from digitalframe0 this product would not require the company to list such things. 

Comprehensive Smokeless Tobacco Health Education Act of 1986

This act was perhaps one of the biggest in American advertisement history. This completely eliminated the opportunity for cigarette companies to advertise on TV and radio. The act also forced cigarette companies to place warnings on their packets, including health warning labels.  

Federal Cigarette Labeling and Advertising Act of 1966

Another important cigarette-based act was the Federal Cigarette and Advertising Act. This forced companies to report on the effectiveness of cigarette labelling, and also offer recommendations for new legislation. The Tobacco Education Act was actually based on the recommendations this act produced. 

CAN-SPAM Act

This act deals with companies that send unsolicited commercial emails. The act does not entirely ban the sending of such emails but restricts them to a strict set of guidelines. The act mainly deals with the banning of false information and aims to put a stop to deceptive subject lines. The act also offers a cash reward system for those who report deceptive practices, which eliminated immoral emails from the industry. 

Wool Products Labeling Act

This act aims to eliminate deceptive practices from the wool industry. Wool companies must now clearly label where the product was processed or manufactured. The wool company must clearly state if the wool was manufactured in the US or imported. 

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