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 UK banking sector ever recover?
The ongoing demise of the UK banking sector, with Royal Bank of Scotland, Lloyds bank, Northern Rock and Bradford & Bingley all in some way heavily dependent on the UK government, has cast a very dark cloud over the UK economy. As we mentioned in some of our other articles there is concern within the investment industry and indeed the Standard & Poor's credit rating agency is very downbeat on the...Read More
How have house prices performed since the millennium?
Information gleaned from the influential Nationwide property survey seems to suggest that the price of a house in the UK has increased by almost £90,000 since the turn of the century! It is believed that the average property in the UK cost around £75,000 in the year 2000 and has since increased to around £162,000, even taking into account the recent downturn in property prices. This is an as...Read More
Vodafone warned against takeover of T Mobile
While T Mobile is not yet officially up for sale, it is common knowledge in the mobile telecoms industry that the operation has been touted around some of the world's more prominent mobile telecom companies. However, today's Vodafone AGM prompted a number of small shareholders to step forward and warn the company against acquiring the T Mobile operation if indeed it does become available.
The Tale Of Two Airline Sectors
The financial press has been full of doom and gloom predictions from British Airways with oil pushing higher, air travel taxes starting to hit home and customer numbers starting to fall in line with reduced economic activity. So you might be mistaken for thinking that the whole airline sector was is in turmoil and on the verge of collapse, well think again!
We have just seen confir...
Cutting the cost of your car insurance
To many people car insurance is daylight robbery in many ways, you cannot get away without it, the premiums keep rising and more often than not you do not receive the amount you thought your car was insured for in the event of an accident. So how can you reduce your car insurance while retaining the cover that is applicable to you?
There are many ways to reduce you cover which incl...