Private medical insurance popularity grows
According to figures from the Association of British Insurers (ABI), the number of people taking out Private Medical Insurance (PMI) has risen year-on-year for the first time in recent years.In 2006, 1,030,000 individuals took out personal PMI policies, up 1.8 per cent from the 1,012,000 personal PMI policies in 2005.The number of businesses taking out corporate PMI has increased even more than this, with 2,345,000 corporate PMI subscribers in 2006 an increase of 4.1 per cent on 2005's total of 2,254,000 corporate subscribers.Collectively, personal and corporate PMI plans now cover 5.9 million people in the UK. Commenting on the statistics, Nick Starling, the ABI's director of general insurance and health, said: "Private Medical Insurance offers people greater choice of treatment and other services for a wide range of medical conditions and injuries. It also takes pressure off the NHS, so by buying PMI, people are effectively reducing the burden on Britain's hard-pressed health service. "It is encouraging that more individuals are choosing to buy PMI for themselves and their families. PMI bought by companies on behalf of their employees has continued to increase in popularity too, helping to ensure that people can get back to work sooner after illness or injury."
Will the services sector lead the UK economy out of recession?
Despite news yesterday that the construction industry has contracted for the 22nd month in a row, today we saw news that the services industry in the UK has reported growth for the eighth month in a row. While these conflicting economic indicators are obviously causing unrest and uncertainty within investment markets, there is no doubt that the services industry is the most vital element of the UK...Read More
Is it time to cash those investments?
While this post should in no way be construed as financial advice of any form, many people have had a difficult few months wondering when it is the right time to cash those investments, when to pull out of the market and when to go in. So when is the right time and how do you decide?
The best way to find out the future expectations for the market is to speak to professionals who ar...
Woolworths back under serious pressure this evening
It has been revealed that ongoing efforts to sell the Woolworths retail arm are continuing with Hilco UK which specialises in restructuring troubled businesses. As we covered earlier in the week the reported sale price is just one pound although this has not been confirmed by the Woolworths board.
Shareholders in the troubled pix and mix group have come forward to suggest that the b...
Administrators not in a hurry to sell off Quinn Insurance
Grant Thornton, the official administrators of the Quinn Insurance empire, has today confirmed that while interest has been shown in the operations there have been no discussions with potential buyers of the business. The Quinn Insurance saga appears to be getting more complicated by the day with court action, comments from the administrators and comments from the regulators appearing to cast diff...Read More
Why you should shop online for your energy needs
A survey by the Daily Express has confirmed that shopping online for your gas, electric and other energy requirements is far cheaper with savings of around 12% now commonplace compared to the off-line arena. Even though the energy regulator should really be ensuring that those without Internet connectivity are not "left out of the loop" it would appear that the online arena is far more competitive...Read More