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."
Do credit card benefits have a role in your decision?
While at the moment you are unlikely to be successful when applying for a new credit card, let alone receive any benefits from a card, this area of the market will flourish again in the future. But when you look at a credit card which offers benefits such as air miles, discounts at certain shops and other similar offers, should they play a role in your decision to apply for a card or not?
Black Friday comes to the UK
27/11/2014 Tomorrow, UK retailers will be slashing their prices by up to 70% as thousands of shoppers are expected to descend on the UKs high street. The American shopping day, Black Friday, has officially come to England as stores including Asda, Tesco, John Lewis and Sainsburys will all offer one day discounts to entice shoppers in the run up to Christmas. These offers are usually on elec...Read More
Wages set to rise at the same rate as benefits
The work and pensions secretary, Iain Duncan Smith believes benefits should no longer automatically increase at the same rate as inflation. He stated that it is unreasonable for wages to rise at a slower rate than benefits. There will be a 3 year cap at 1% on most working-age benefits and tax credits beginning 2012/14. The cap is below the level that cost of living is expected to rise to. Child...Read More
Talk is cheap as G20 discuss yet another meeting later in the year
Gordon Brown appears to be one of the main backers of Australia's bid to have a second special G20 summit later in the year to be held in Asia. This will be on top of the forthcoming G20 meeting in London and there are serious concerns that despite numerous meetings and numerous promises the G20 will yet again fail to deliver on the grand scale that the headlines often promise.
Why you should shop online for your energy needs
A survey by the Daily Express has confirmed that shopping online for your gas, electric and other energy requirements is far cheaper with savings of around 12% now commonplace compared to the off-line arena. Even though the energy regulator should really be ensuring that those without Internet connectivity are not "left out of the loop" it would appear that the online arena is far more competitive...Read More