In Brief: Google under fire for data collection
GOOGLE has been threatened with criminal proceedings by Britain's information watchdog after further personal data unlawfully collected by its Street View cars was discovered.
The Information Commissioner's Office has handed the US multinational an enforcement notice demanding that it destroy four discs containing information it took from unsecured wifi networks. Google had previously pledged to destroy all data collected in this manner – but admitted last year that it had "accidentally" retained the additional discs.
KBC OFFERS LOW FIXED-RATE DEALS
BELGIUM-based KBC Bank has announced new fixed rates for its mortgage holders and first-time buyers in Ireland.
The new rates are among the lowest in the market, according to Karl Deeter of Irish Mortgage Brokers. The three-year rate for new buyers is 4.85pc.
O'DEA BILL WOULD ALTER PENSION SPLIT
FIANNA Fail spokesman on social protection Willie O'Dea has published a bill that would see those yet to retire get a larger share of the funds in bust company pension schemes.
The current rules give absolute priority to existing pensions. This means that when a pension scheme winds up with insufficient funds, members who have not yet reached retirement age may only receive a small fraction of their expected entitlements. Deputy O'Dea commented: "The Government's Social Welfare and Pensions Bill leaves thousands of workers in danger of losing their pension rights. My bill aims to rectify this."
INJUNCTION HALTS RECEIVERSHIP SALE
A BUSINESSMAN has secured a temporary High Court injunction preventing a bank-appointed receiver from selling a property he owns.
Richard Forrestal, who is in the motor trade, has brought proceedings against Bank of Scotland and the receiver Tom Kavanagh, of Kavanagh Fennell Insolvency, who was appointed after the businessman failed to satisfy a demand by BoS for the payment of €507,000. He claims Mr Kavanagh's appointment as receiver is not valid, and BoS has not complied with its obligations to him as a consumer or business. In an affidavit, Mr Forrestal said that in 2006, when he first encountered financial difficulties, he owed BoS some €13m. To date, he has paid off €11m.