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".
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15/04/2015 A third of people in the UK are used to being completely penniless, with no money in their bank accounts or wallets, and no ability to borrow money. Research from bank account provider ThinkMoney shows that a third of Brits find it a regular occurrence to have no access to money, and a further third of people claimed they have found themselves penniless at least once. People cla...Read More
'DIY' holidaymakers risk travel cover
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Why is liquidity so important to business markets around the world?
The last 12 months has seen major changes in financial markets around the world but there is one element which keeps hitting the headlines which is liquidity. So what exactly does this entail and how is it so vital to the worldwide economy?
In simple terms liquidity is the money which is made available on the money market for companies to cover short term obligations and running co...
CBI agrees UK recession is coming to an end
The Confederation of British Industry (CBI) has today released a statement confirming its belief that the UK recession will end in the fourth quarter of 2009. This will bring to a close the most damaging economic downturn in the UK since the 1930s and hopefully allow some companies to draw a line under recent problems and begin to look to the future. However, the CBI, like so many other busines...Read More
What will happen if the quantitative easing program is dropped?
The quantitative easing program introduced by the UK government and the Bank of England saw £200 billion pumped into UK money markets allowing banks and other financial companies access to liquidity in exchange for assets. This has been a very successful program which has increased liquidity in the UK banking arena but as we approach the £200 billion limit placed upon the programme there are con...Read More