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.
Pet insurance urged for Christmas additions
Many parents will have got their child a pet as a present this Christmas, but few will have considered the importance of pet insurance, it has been claimed.Fair Investment Company is advising people who have got new pets this Christmas to ensure their new additions to the family are properly covered by pet insurance.People are being advised to cover their pet now while the animal is still young, b...Read More
Women better behind the wheel
Nearly a third of men think that they are better drivers than women, despite both insurance statistics and scientific studies proving the opposite.In a survey of 4,000 British drivers, yesinsurance.co.uk reveals that 31 per cent of men believe they are better behind the wheel than women, with only five per cent of women believing this fallacy.Twenty-three per cent of men acknowledged that women we...Read More
Whole of life
Whole of life cover pays out a lump sum in the event of death, no matter when it happens. There is no specified period. Whole of life policies are generally used to provide security for a family, and are especially suitable for Inheritance Tax Planning. The most common policies are unit-linked, which means the premiums you pay each month are paid into an investment reserve. This reserve is put...Read More
Insurer withdraws cover for JJB
News that a credit insurer has withdrawn cover for JJB has sent the shares into something of a tailspin after a disastrous couple of weeks for the UK giant. The move could have a serious affect on JJB's ability to trade normally as the cover in question relates to suppliers and ensures that suppliers will get paid in the event that the customer was to endure financial troubles. So what next for...Read More
Reduce your insurance costs in a second
While the cost of insurance appears to increase year on year and has for many people reached a level where they are now struggling to finance their insurance, there are simple ways you can reduce your insurance costs. One of the easiest ways to reduce your annual insurance costs is to pay a one-off premium rather than 12 monthly staged payments. It is common knowledge that the difference betwee...Read More