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."
Spanish giant Santander looks to UK for growth
Spanish financial giant Santander is rumoured to be looking towards the UK for further expansion with the company set to finalise a deal to acquire 318 Royal Bank of Scotland branches early next week. While the fee for the branches has yet to be confirmed it will be substantial although it will also give Santander more exposure to the UK high street and more influence over the UK marketplace. T...Read More
Cohabiting couples to get same rights as married ones
Unmarried couples could be given similar financial rights to those who are married, on the back of proposals made by the Law Commission.Unmarried couples, who have children or have been living together for a minimum period and then split up would be given the right to something like a divorce Partners would be entitled to financial support, the right to live in the family home and perhaps even a s...Read More
Can A Government Really Impact Upon The Economy?
As many across the UK look at an alternative to the Labour government some are starting to wonder what difference there is between the likes of the Labour Party and the Conservative Party. Are they really able to put their stamp on the economy? Do they really make a difference?
At this moment in time the difference between the policies of the Labour Party and the Conservative Party...
Is It Time To Ditch Private Healthcare?
As money becomes ever tighter more and more people are looking at ways to cut their costs and reduce their monthly outgoings. One such area which is catching the attention of many is health insurance, something which is very useful to have, but has no real value until you actually need it. So are people right to consider cancelling their health insurance plans?
In many ways this i...
Payday lender Wonga reports £37.3m loss
21/04/2015 Controversial payday lending company Wonga has reported a pre-tax loss of £37.3m for 2014. The losses are in stark contrast to the year earlier, when pre-tax profits of £39.7m were reported by the company. Wonga has been significantly less active in the market over the last 12 months, as lending volumes fell to £732m, from £1.1bn in 2013. One of the major contributors t...Read More