New Chancellor Rishi Sunak set to crack down on £340m-worth of insurance tax loopholes in his first Budget New Chancellor to stop insurance tax loopholes thought to cost £340m a year Some insurance policies are adding a tax of 20 per cent to their premiums Other insurers were said to be failing to report all … Read more
JOHNNY TIMPSON: We encourage men to talk about mental health but do worries about insurance in the future cause some to suffer in silence? By Johnny Timpson For This Is Money Published: 09:15 BST, 18 February 2020 | Updated: 09:15 BST, 18 February 2020 Johnny Timpson, a financial protection specialist at Scottish Widows, says that … Read more
Insurance giants axe dividends worth £1.3bn in fresh blow to beleaguered savers By Lucy White For The Daily Mail Published: 21:55 BST, 8 April 2020 | Updated: 22:19 BST, 8 April 2020 Insurance giants have axed dividends worth £1.3 billion in a fresh blow to beleaguered savers. Aviva, Direct Line, Hiscox and RSA Group all … Read more
2020 OLYMPIC GAMES The 2020 Olympic Games has been postponed until 2021 on March 24 – becoming one of the last major sporting events this summer to fall victim to the coronavirus. Japanese prime minister Shinzo Abe held a crucial conference call with Olympics chief Thomas Bach on Tuesday to formally decide a plan and … Read more
2020 OLYMPIC GAMES The 2020 Olympic Games has been postponed until 2021 on March 24 – becoming one of the last major sporting events this summer to fall victim to the coronavirus. Japanese prime minister Shinzo Abe held a crucial conference call with Olympics chief Thomas Bach on Tuesday to formally decide a plan and … Read more
My in-laws in their 80s were cold called and sold £250 of insurance for the same TV twice by the same company under different names A reader told us a firm named Home and General called his in-laws twice They used the same phone number but the name of Cover Utilities He said: ‘How can … Read more
Nearly HALF of major insurers have pulled travel insurance products from sale because of the coronavirus crisis, says Which? The consumer champion contacted 75 insurance providers during its study 31 of the 75 insurers contacted have temporarily stopped sale of their policies A further 13, including Axa and Staysure, have changed aspects of their policies … Read more
Halifax hiked my home insurance by 29%, so could it tell me why? SIMON LAMBERT on trying to pin down his loyalty penalty By Simon Lambert for Thisismoney.co.uk Published: 06:00 GMT, 20 February 2020 | Updated: 12:59 GMT, 20 February 2020 At the start of the year, I was sent a renewal letter by my … Read more
Final salary pension pots locked as financial advisers can’t afford rising insurance costs By Miles Dilworth For The Daily Mail Published: 22:00 GMT, 18 February 2020 | Updated: 15:53 GMT, 19 February 2020 Savers face being locked out of their pension pots due to the rising costs of financial advice insurance. Workers can only access … Read more
Customers buying a new insurance policy, or renewing an old one, are advised to purchase cover based around their normal behaviour and not on current lives under coronavirus restrictions. Those that don’t, and fill in forms for the current situation, as opposed to their ‘normal life’, could find themselves facing large fees later in the … Read more