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Archive for April, 2008

News - Women drivers’ cover decision due

Saturday, April 19th, 2008

A European Commission proposal to ban insurers from using gender to assess premiums is likely to be watered down, the Financial Times has reported.

Sex discrimination laws are to be extended to cover goods and services but will be exempt.

However, the role of gender in premium will be regularly assessed by the EC and […]

News - Does the Chancellor face a black hole?

Friday, April 18th, 2008

The Chancellor has given himself some slack before he needs to raise taxes to reduce the growing budget deficit.
“There’s good news and bad news, Chancellor”, the Treasury Mandarins could be saying this week.
“Which would you like first?”
Mr Brown might be tempted to take the good news.

And it is good.

The Chancellor’s forecasts of UK […]

News - Higher oil prices ‘hit motorists’

Thursday, April 17th, 2008

Recent rises in the cost of petrol and interest rate increases are hitting motorists’ pockets, a survey by RAC Insure has said.

On average a new car costs 101.75 a week after fuel, insurance, , tax and depreciation.

Recent petrol price rises have added up to 102 per year to running costs, while rate rises have added […]

News - Co-op Financial Service lose jobs

Wednesday, April 16th, 2008

One hundred and thirty jobs are going from Insurance Services (CIS) in Manchester.

Its holding company, Co-operative Financial Services, says the redundancies are due to changing needs.

The company says they hope most of the workers can be transferred to other , but redundancies may be inevitable.

The staff affected work at the CIS building and […]

News - Higher oil prices ‘hit motorists’

Tuesday, April 15th, 2008

Recent rises in the cost of petrol and interest rate increases are hitting pockets, a survey by RAC Insure has said.

On average a new car costs 101.75 a week after fuel, insurance, , tax and depreciation.

Recent petrol price rises have added up to 102 per year to running costs, while rate rises have added […]

News - ‘Poor’ response to sponsorship call

Monday, April 14th, 2008

Jersey have reacted poorly to calls for sponsorship for this year’s Battle of Britain Air Display.

It comes after an RAF Chinook visited the island to help promote the event.

Classic aeroplanes, including the Battle of Britain Memorial Flight and the Red Arrows, take part in the free air display each year.

But the […]

News - ‘Poor’ response to sponsorship call

Sunday, April 13th, 2008

Jersey businesses have reacted poorly to calls for sponsorship for this year’s Battle of Britain Air Display.

It comes after an RAF Chinook helicopter visited the island to help promote the event.

Classic aeroplanes, the Battle of Britain Memorial Flight and the Red Arrows, take part in the free air display each year.

But the increased […]

News - Concern over financial commission

Saturday, April 12th, 2008

There are widespread concerns within the financial services industry that commission paid on financial products can bias the sales process, the BBC has discovered.

Dan Waters, Head of Retail Markets at the Financial Services Authority, told BBC Radio 4’s Money Box Investigates:

“We recognise the conflicts of interest that arise in a commission type of structure. There […]

News - Q&A: Financial advisers in difficulty

Friday, April 11th, 2008

The David Aaron Partnership, a leading UK firm of financial advisers (IFA), has gone into administration following mis-selling claims made against the firm. What happens if your IFA gets into difficulties?

Help! My IFA has gone into administration. Will I lose my money?

You shouldn’t as the IFA acts as an intermediary, selling the […]

News - Bank and airport strikes in India

Thursday, April 10th, 2008

One million workers at state-run banks and insurance companies in India are to go on strike on 29 September to protest against backing for mergers.

Another 30,000 workers in 124 airports - opposed to privatisation plans - will also join in the day of action called by the United Forum of Bank Unions.

The All India […]

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