Tag: Insurance News
CBI reports signs of growth in UK financial services
In its latest quarterly survey, the Confederation of British Industry (CBI) has reported signs of growth in the UK financial services sector, for the first time in two years. The study, which is carried out in conjunction with PricewaterhouseCoopers, reveals that 32% of firms questioned saw business volumes rise in the three months to early [...]
The Nottingham launches financial planning arm
The Nottingham has announced plans to provide pensions, investments, and insurance products in its 32 branches across the East Midlands. Branch-based financial advisers will advise customers on the best products to meet their needs. The building society said the new products are part of its plans to expand and evolve, and will help it to [...]
Credit-crunched Brits reassess priorities
Brits are using the recession as an opportunity for soul-searching and rethinking priorities, according to new research from LV=. Two-thirds (64%) of those polled by the insurance firm said they’ve been forced to reassess what’s important to them. Money is no longer top priority in the lives of Brits, having been ousted by family health, [...]
Is your festival tent insured?
With the summer festival season approaching fast, moneysupermarket.com has urged festival-goers to check if their home insurance covers possessions stored in a tent. “Tents can be left unguarded for hours at a time, so while it’s essential not to leave valuables lying around, it is also important to check your insurance will cover you if [...]
Bay Trading enters administration putting 1,000 jobs at risk
Alexon has announced that its fashion chain Bay Trading has entered into administration which will put 268 branches and over 1,000 jobs at risk. Alexon, the parent company, was keen to point out that its other brands Ann Harvey and Kaliko would not be affected by Bay Trading’s administration. Following the release of trading results [...]
Anti-discrimination law could double insurance premiums
The AA has lashed out at government plans to make age and gender discrimination illegal on car insurance policies. Premiums could double for some drivers, the AA said, if the Equities Bill, due to be brought to parliament this spring, is extended to cover the sale of insurance. Age and gender are key factors that [...]
Gold provides ‘essential insurance’ against financial crises
As bank shares continue to plummet, the price of gold continues to soar, with prices last week hitting a seven month high of $953.30 per ounce. Former editor of The Times, Lord William Rees-Mogg, expects this trend to continue as investors seek to protect themselves against future shocks in the stock market. “People buy gold [...]
Travel insurance sacrificed to cut holiday costs
Nearly one in four Brits are skimping on travel insurance to keep down the cost of their holiday, research from American Express has discovered. Many people in the UK are looking to escape the gloom of the recession with cheap last minute holiday deals, but an increasing number are putting themselves at risk by choosing [...]
Most Brits would struggle if injured or unwell
Six in ten Brits would struggle to survive financially if they were unable to work because of long-term illness or injury, a survey has revealed. The Nationwide commissioned poll found that people need an average of £298.66 per week to get by - and 61% said they would struggle to find this money in the [...]
Comparison sites mislead on excess
Consumer advice group Which? has criticised several price comparison websites for failing to provide customers with accurate information. Which? investigators examined six of the most popular price comparison sites, and found that on some sites, car insurance quotes were given with a different excess to what the customer asked for. Some websites, including Gocompare.com, altered [...]
Clean driving licence holders benefit when it comes to car insurance
A recent study by price comparison site, confused.com, has established that motorists with penalty points can pay up to 60% more for their car insurance than those with a clean licence, paying on average £370 more. Furthermore, the news is bad for younger motorists, as the research discovered that a 21-year-old female driving a 1.3 [...]
