AXA rewards safe motorists
Financial giant AXA has revealed a new car insurance policy which will see those with eight or more years no claims bonus receiving a 90% discount on their premiums. This compares to the average discount of 65% on a maximum five-year no claims bonus and will obviously further benefit the vast majority of drivers in the UK who do not claim on their car insurance.
This comes at a time when the AA has confirmed that UK car insurance premiums will rise by between 10% and 15% in 2010 with the majority of the increase caused by uninsured drivers causing accidents on the road. It would appear that slowly but surely we are seeing a polarisation between safe drivers and dangerous (and uninsured drivers) with many other insurance companies certain to follow the lead set by AXA.
Car insurance premiums have been on an upward spiral for many years now with the cost of covering uninsured drivers taken on by the industry and then spread out amongst insured motorists. Whether or not this is a fair allocation of the added expense associated with uninsured drivers is debatable but it is a trend which began some time ago and has ultimately led to a massive increase in car insurance premiums for "no apparent reason".
IHT War Exemption Is Ignored By The Treasury
Over the last few years we have seen a number of military conflicts around the world as well as a slow decline in the number of veterans from the first and second world wars. It has recently come to light that under the small print of the inheritance tax laws a service person that dies because of an illness caused during active duty shall have their estate exempted from IHT on death – even...Read More
Are bonuses a vital part of the UK banking sector?
After Stephen Hester commented on the fact that Royal Bank of Scotland stands to lose some of the top talent in the UK financial sector because of pay restrictions and bonus issues, many are now asking whether bonuses are indeed a vital element of the UK banking sector. While the UK government would have you believe that all bankers in the UK are "the devil in disguise" the truth is that the UK...Read More
Interest rates set to stay at 5.5 per cent
Interest rates are expected to be held at 5.5 per cent when the Bank of England announces its monthly decision tomorrow.In May the Bank's monetary policy committee (MPC) voted unanimously to raise base rates a quarter of a percentage point to 5.5 per cent.The decision came on the back of consumer price index (CPI) inflation reaching a ten-year high of 3.1 per cent earlier this year Ã¢â‚¬" th...Read More
When was the last time you had a financial health check?
The vast majority of UK public are more than happy to place their savings in a bank account, leave them there and do nothing about them for some time. However, on the other hand there are a growing number of the UK population looking to realign their assets on a regular basis in order to take account of market movements and the potential to improve their investment prospects and investment income....Read More
More mortgage lenders offer payment holidays
Homeowners struggling to repay their mortgages are now being given greater opportunities to take breaks from payments, new research suggests.According to analysis by MoneyExpert, the number of mortgage deals offering a payment holiday facility has increased from 50.8 to 56.3 per cent in the last six months. Experts believe this demonstrates mortgage lenders' increased commitment to offer greater f...Read More