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".
Sharing space saves savvy city-dwellers cash
Gumtree.com, Britain's busiest website for people seeking accommodation, has just announced an increase of 38 per cent in flatshare listings.Additionally, some 19 per cent of lodgers choose not only to share a property, but also share their bedroom with another boarder in order to halve their rent.Tenants have increasingly opted for accommodation measures such as 'couch surfing', which was introdu...Read More
Is there a sting in the tail for Cadbury investors?
Despite the fact that Cadbury directors have never hidden his disdain for American giant Kraft Foods and the unwelcome takeover bid which is now on the table, it is looking more and more likely that Kraft Foods could be the only serious bidder for one of the U.K.'s best-known companies. It is ironic that perhaps Cadbury directors will at some point need to sit across the table from their Kraft Foo...Read More
UK students receive unexpected windfall
The Student Loan Company will tomorrow advise up to 400,000 university leavers that instead of paying interest on their student loans they will actually be paid interest by the authorities over the next 12 months. As you may have guessed, the interest rate on these particular loans is linked to the retail price index which recently went into negative territory resulting in a 0.4% interest payment...Read More
Kraft Foods US shareholders launch lawsuit
A lawsuit has been launched in America by a corporate shareholder in Kraft Foods suggesting that the Cadbury board of directors have not acted in the best interest of Cadbury shareholders and "may lose out massively" if the merger is rejected outright. So where does this leave the Cadbury board of directors?
The first thing to say is that UK mergers and acquisitions are regulated by...
Scottish Power latest energy company to increase prices
24/10/2013 Scottish Power has raised electricity prices by an average of 9%, whilst gas prices are expected to rise by an average of 8.5%. The price rises will become effective from 6th December 2013, just in time for the Christmas period in a move that follows a dramatic price increase from British Gas to become the fourth major energy supplier to increase their prices. It is believed that...Read More