Royal Bank of Scotland on the verge of Direct Line sale
Despite the fact that Royal Bank of Scotland had initially wanted to sell its Direct Line insurance division in 2012 via an IPO it is believed the company is on the verge of announcing a trade sale very soon. There is speculation that figures such as Warren Buffett, the investment guru, have already stepped forward to show their interest in what is a quality operation.
It seems rather strange that Royal Bank of Scotland is effectively being forced to sell the family silver because of the way it was rescued by the UK government. However, these are the rules of the EU and the bank and the UK government have been forced to abide by them. There is no doubt that many interested parties will step forward in the knowledge that the company is a "forced seller" and cannot therefore in theory hold on for the best price.
When you also consider the company is also being forced to sell its Churchill Insurance operation it is highly likely that Royal Bank of Scotland will exit this particular area of business in the future. This is a company which is slowly but surely being stripped of its former jewels as a consequence of the deeply damaging credit crunch.
UK motorists urged to extend car insurance when abroad
Motorists in the UK are being advised to ensure that they extend their car insurance premiums when travelling abroad.Many drivers decide not to increase their car insurance when travelling abroad, in the belief that their UK policies will adequately cover them in the event of any accident.However, Keith Maxwell, motor account manager for insurance firm More Than, has warned that this is not the ca...Read More
Is it time to revisit your travel insurance arrangements?
The ongoing demise of the UK travel sector has prompted more people than ever before to review their travel insurance arrangements and check with their provider to see if they have sufficient cover. Many people are not only scared of losing their holiday money for those booked for the future, but if they do manage to fly out there is a concern that they may hit trouble trying to return.
Should you consider redundancy insurance?
As the economy continues to slide and the unemployment figure continues to rise it has been revealed that more and more people are now looking at redundancy insurance which is designed to assist if you lose your job. But is it really what you need? Will it deliver the goods in the event you lose your job?
There have been a number of online warnings issued to those who are looking a...
It is time to look at cut price health insurance?
As more and more health insurance policyholders learn of increasing premiums this year there is a feeling that the sector could go quiet in the short to medium term. However, while many in the UK are struggling to survive on a day-to-day basis there are significant concerns that health insurance could be a short-term victim of ever tighter budgets. But is there an alternative?
Canoe fraudsters agree to pay back £600,000
Anne and John Darwin, the infamous canoe fraudsters, have agreed to pay back £600,000 from their ill gotten gains. However, as John Darwin effectively has no assets to his own name he has agreed to pay back a nominal one pound although he is wife, in whose name the couple's assets are held, will payback £363,700 to the victims of the crime and £228,138 under the terms of the proceeds of crime a...Read More