Why shopping around for your car insurance is vital!
As we covered in one of our recent articles on motor insurance, the AA reported a 7.2% increase in average car insurance premiums in the final quarter of 2009. However, the annual increase in car insurance premiums is well into double digits and there is serious concern that motorists will be hit with higher and higher premiums in the short to medium term.
Many of us will have been with the same car insurance company for a number of years and ultimately there are thousands in the UK who will never have looked around. However, there are many comparison websites available which will indicate any potential savings you could make by taking your car insurance elsewhere. Even if your current insurance company turns out to be the most cost-effective for your situation then surely a quick look around the comparison websites will do you no harm?
The truth is that developments in the online arena now make it easier than ever before to check out a whole raft of different car insurance companies using one simple form. Gone are the days when individual e-mails and individual forms had to be completed, and in many cases you will have a summary of estimated car insurance premiums from different providers within a matter of seconds. Many people have made savings into the hundreds of pounds simply by looking around, so what do you have to lose?
Bradford and Bingley Saga Drags The Banking Sector Lower
While only a couple of weeks ago a number of analysts had been warning that the UK banking sector was still in serious trouble, these fears seemed to have been dismissed by many. However, the Bradford and Bingley story has seen the sector back in the headlines for all of the wrong reasons. While Bradford and Bingley shares fell to an all time low of 66p we also saw HBOS forced to issues a statem...Read More
Tracker mortgages becoming more popular
Demand for tracker mortgages is surging this year to the extent that supply could be exhausted, it has been claimed. According to mortgage broker John Charcol, all three of its best selling products in January have so far been bank rate tracker products. Katie Tucker, technical manager for John Charcol, attributed the trend to wide ranging anticipation that the Bank of England will cut rates in th...Read More
MPs blame bankers for economic turmoil
Yet again the UK banking scene has come in for some significant criticism from MPs across all parties. Blaming a culture of "easy rewards", the fault for the current economic climate has been laid fairly and squarely at the door of the UK financial sector. However, this is now old news and many consumers across the UK are more interested in the future and how regulators will ensure we do not see a...Read More
Paul Myners calls for simple structure to UK banks
City Minister Paul Myners has today called for the UK banking industry to be simplified and some of the more complex arrangements in the UK banking sector to be spun off from traditional banks. It is no secret that over the last few decades the financial industry has become more and more complicated with new tools and new investment ideas hitting the headlines on a regular basis. As a consequence,...Read More
500,000 mothers missing out on pensions
A large number of women are suspected to be missing out on the full pension they are entitled to because of a flaw in recording their details, according to the Liberal Democrats.Steve Webb, who is in charge of the Lib Dems' manifesto, says that up to 500,000 women could be affected but he is appealing to the government to find out exact figures.Speaking on Radio 4's Money Box programme, Mr Webb sa...Read More