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".
Government invests £4.5 million into scam busting
The UK government has confirmed that the Office of Fair Trading and Trading Standards will receive around £4.5 million in additional investment which will be used to equip these two prominent offices with teams, training and the technology to combat online crime. This is a major investment into this area of fraud which has grown enormously over the last few years resulting in millions upon millio...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
Unemployment falls to benchmark low
17/07/2014 Unemployment figures in the UK have been given a huge boost as they returned to the benchmark low set in 2005. The number of people without a job fell by 121,000 in the three months to May and they now stand at 2.12 million, according to the Office for National Statistics. Over 78% of men are now in work, whilst the employment figure for women stands at around 68% – giving a...Read More
Stocks rebound following sell-off
Stock markets in Europe and Asia have shown signs of recovery following yesterday's global-sell off, which was prompted by fears about the health of the US economy and its mortgage market.London's FTSE 100 index was up 1.37 per cent to 6,083.10 in early trading, having lost 2.5 per cent off the value of its shares at the close of the previous day.Germany's Dax 30 index was also up 1.7 per cent fol...Read More
British Gas customers facing further price hikes?
British Gas customers could be facing further price hikes amid soaring wholesale energy prices. In January, the energy giant imposed a 15 per cent increase on its tariffs, bringing the average annual dual fuel bill to £1,055 - a rise of £143. Meanwhile, bills for direct debit customers increased by an average of £131 to £968.Now a statement from the firm's parent company Centrica has suggested...Read More