Eight million suffer from 'crashback'
Up to eight million British drivers could be suffering from a post-car accident condition known as 'crashback'.New research says two in five motorists endure the "serious" affliction, which can lead to a "loss of confidence, nightmares about their accident and panic attacks even when they're not driving".Insurance provider More Than, which produced today's survey, claims that 170,000 people take six months to drive again after an accident, while 85,000 people have not driven since being involved in a crash half a year ago.The insurer says that it can take up to five years to recover from the condition, which can also lead to "erratic driving" when an individual gets behind the wheel again."Crashback is a very common condition among drivers who have been involved in an accident. Any car crash, no matter how small, can be traumatic, and there's nothing unusual in feeling upset or anxious after a crash," said Marcia Chambers, from More Than.Citing statistics that show 200,000 people are injured on British roads every year, More Than head of motor insurance Keith Maxwell, added: "Although not often talked about, this sort of anxiety and stress can be serious and people need to take time and concentrate on feeling better. "Drivers should not feel under pressure to get behind the wheel again before they're ready. It can add stress, meaning it takes longer to get back to normal, and could lead to unsafe driving behaviour."
‘RDR advice gap’ still Widening
A report from adviser champion, Garry Heath, has warned that over 20m will end up without access to professional financial advice, as a knock-on effect of the Retail Distribution Review reforms. Mr Heath is currently completing a report, known as the Heath Report, which is analysing changes within the advice industry since the implementation of the RDR in January 2013. What is clear already, ac...Read More
Phones4U To Be Investigated By OFCOM
In a move which has been welcomed by consumer groups, we are set to see the first formal investigation of a mobile phone company over alleged mis-selling. Mobile phone retailer Phones4u has received notice that the telecom regulator, OFCOM, is looking into a number of complaints about cash-back deals. While OFCOM is not giving away much about the investigation, insiders believe that it may be...Read More
Bank Of England Leave Rates Unchanged
News that the Bank of England has left interest rates on hold this month has received a muted response from the financial markets. While many had expected rates to remain unchanged there was a feeling that they could rise to combat inflation or fall to revive the economy. As it happens the Bank of England has again sat on the fence waiting to see if inflation falls of its own accord over the com...Read More
Alistair Darling to meet City bankers in Davos
Alistair Darling will meet an elite band of City bankers in Davos on Friday amid concerns that the UK government, and the US government, are hitting the financial sector too hard and will hold back a recovery in the worldwide economy. The UK government's windfall tax, a call for a new Tobin tax and the US government's banking tax levy has certainly caused concern within the financial markets and i...Read More
Tourists outside EU face massive phone bills
14/08/2015 Holidaymakers who travel outside of the EU are unwittingly facing massive phone bills, according to debt charity Citizens Advice. The charity has discovered that tourists are facing a lottery on charges depending on what provider their contract is with, where they travel to and whether they have bought a ‘bolt-on’ which gives them a set amount of data to use abroad for a fixe...Read More