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....However, some Tesla workers argue the company’s treatment of injured workers discourages them from reporting their injuries. If workers are assigned to “light duty” work because of an injury, they are paid a lower wage as well as supplemental benefits from workers’ compensation insurance, a practice that Tesla said was in line with other employers and California law. ... [Read full article on Guardian ]
Thursday 18th of May 2017 07:00:19 AM
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Wednesday 10th of May 2017 11:41:22 PM
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....Deutsche Bank said in April that it might move up to 4,000 jobs out of the UK as a result of Brexit, which would be nearly half its UK workforce. Other financial services firms known to be looking at moving some staff out of London include Barclays, Goldman Sachs and the insurance market Lloyds of London. ... [Read full article on BBC ]
Monday 15th of May 2017 02:01:38 PM
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....”. Some compared Gurner’s comments to the recent controversial remarks of US congressman Jason Chaffetz, who suggested people struggling to afford health insurance should stop buying smartphones. ... [Read full article on Guardian ]
Monday 15th of May 2017 09:08:29 PM
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....6bn, a $1bn share buyback and attempts to cut costs from a business that has operations in 70 countries and more than 235,000 staff. There was also a $210m provision to pay compensation for payment protection insurance, taking the total cost of the scandal for HSBC to $5. ... [Read full article on Guardian ]
Thursday 4th of May 2017 05:55:16 AM
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Wednesday 17th of May 2017 09:26:25 PM
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.... But the security has not kept up and is vulnerable to attack”. “The biggest problems are extortion,” said Ben Lind, a superyacht insurance underwriter at AIG. ... [Read full article on Guardian ]
Friday 5th of May 2017 04:54:06 PM
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....Self-employed status leaves workers vulnerable to "exploitation", the Work and Pensions Committee concluded after an investigation into the issue. And chair Frank Field also criticised Uber's recent move to introduce a sickness insurance scheme for drivers. ... [Read full article on BBC ]
Sunday 30th of April 2017 11:00:07 PM
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....The firm was hit by a number of sizeable one-off costs, including £156m to make changes to its pension scheme, £132m on international store closures, and another £49m on changes to its UK store estate and "onerous lease charges" related to that estate. A further £44m was absorbed by M&S Bank being hit by charges incurred in relation to insurance mis-selling. ... [Read full article on BBC ]
Wednesday 24th of May 2017 06:30:53 AM
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.... The Central Bank of Ireland has said it has received a “high level of interest” from financial firms which carry out their European operations from the UK. It says it has received five applications relating to the insurance sector, had received signals that five other firms were going to apply and had been contacted by 20 others to discuss authorisation. ... [Read full article on Guardian ]
Monday 15th of May 2017 11:23:31 AM
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....Ever since the vote for Brexit, European financial centres have been battling over the business that will need to be conducted outside the UK. While Frankfurt is often cited as the obvious location, insurance company Lloyds of London is setting up a subsidiary in Brussels, while HSBC plans to shift 1,000 roles to Paris. ... [Read full article on Guardian ]
Wednesday 3rd of May 2017 11:36:23 AM
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....Authorities say they believe criminals are taking advantage of the lack of awareness of the UK's strict regulations on travel companies. Fake websites have encouraged tourists to pay via bank transfer or cash, claiming these are the only methods which are protected by their own bogus insurance policies. ... [Read full article on BBC ]
Sunday 7th of May 2017 11:47:58 AM
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....Opinion is divided about when the first consumer models will hit the streets, despite some rumours suggesting Tesla will release a model with a level of autonomy by 2018. Sceptics have pointed to uncertainty around the regulatory regime governing matters such as insurance, while the technology has not been without some concerning teething problems. ... [Read full article on Guardian ]
Monday 22nd of May 2017 11:28:37 AM
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.... Thanks to the hard work of everyone at Lloyds, we’ve turned the group around,” he said. While the takeover of HBOS is often blamed for the enlarged bank’s problems, Lloyds’ finance director, George Culmer, said the mis-selling of payment protection insurance was also a major issue that required action “right across the bank”. ... [Read full article on Guardian ]
Wednesday 17th of May 2017 07:37:15 AM
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....". Mr Garner also revealed that Nationwide will stop offering car insurance to new customers from next month, will wind down its commercial lending business and will stop offering inheritance planning advice. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 07:20:53 AM
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....6bn cost of borrowing the bailout funds, the bank’s chief executive, António Horta-Osório, told last week’s annual general meeting that the government would make at least £500m from its investment in Lloyds. The chief executive will now face questions about whether he intends to stay on at the bank, which he joined in 2011 and immediately started to tackle the payment protection insurance mis-selling scandal which has cost Lloyds more than £17bn. ... [Read full article on Guardian ]
Tuesday 16th of May 2017 04:45:44 PM
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....Chancellor Philip Hammond has said that "greater flexibility" would be needed in future to pay down the deficit and reduce levels of debt. He abandoned proposals in March's Budget to increase national insurance contributions for the self-employed following a Tory rebellion, with MPs claiming the move breached its 2015 manifesto. ... [Read full article on BBC ]
Saturday 6th of May 2017 09:00:03 PM
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....The chancellor, Philip Hammond, announced plans to increase those contributions in his maiden budget in March, but was quickly forced into an embarrassing U-turn following a backbench revolt. Monday’s report also notes that self-employed people and employees receive almost equal access to the services funded by national insurance contributions “yet the self-employed contribute far less”. ... [Read full article on Guardian ]
Sunday 30th of April 2017 11:01:13 PM
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. About 40% of young people go abroad without travel insurance, risking medical fees of thousands of pounds if they are taken ill, a survey suggests. ... [Read full article on BBC ]
Friday 19th of May 2017 11:54:01 PM
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. A couple say they still feel "gutted" after settling with Royal Bank of Scotland for allegedly mis-selling them a financial insurance product. ... [Read full article on BBC ]
Thursday 18th of May 2017 01:48:53 PM
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....” Despite HMRC acknowledging Hawkins had not participated in the fraud, she was responsible as it was her return. Hawkins says trying to resolve the enquiry has been costly (approximately £10,000 in accountancy fees, plus the owed tax and fines) as she didn’t have insurance to cover an investigation. ... [Read full article on Guardian ]
Friday 26th of May 2017 06:00:04 AM
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....". Briton Mark Tucker, currently group chief executive and president of insurance group AIA, will take over as chairman from Douglas Flint in October. ... [Read full article on BBC ]
Thursday 4th of May 2017 06:19:35 AM
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....“If you can find someone to be a guarantor, they can then sub-let to a battered wife. We’re just saying we don’t take them because they must have a rent guarantee as part of the landlord’s insurance demanded by the mortgage companies. ... [Read full article on Guardian ]
Wednesday 17th of May 2017 02:20:13 PM
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....Our survey found that someone earning £100,000 in the UK in effect loses about 34. 3% of their pay to HM Revenue & Customs once personal allowances, income tax and national insurance are taken into account. ... [Read full article on Guardian ]
Saturday 27th of May 2017 06:00:20 AM
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....3bn in health benefits, a priority of two Democratic senators. Democrats have also secured $295m to help Puerto Rico continue making payments to the Medicaid health insurance programme for the poor, and $100m to combat opioid addiction. ... [Read full article on BBC ]
Monday 1st of May 2017 06:26:01 AM
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....I earned around $2,000 a month after putting in a lot of hours and snatching up overtime whenever it was offered, working 11 days in a row or taking long shifts. After paying $475 for rent, $193 a month on my car, $75 per month for car insurance, utilities, phone, basic cable, food, minimum payments on my credit card debt that were over $100, taxes (single working people making over the poverty level usually do not get any tax deductions), and $230 a month for health insurance, I had little left over. ... [Read full article on Guardian ]
Thursday 18th of May 2017 11:00:24 AM
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Monday 8th of May 2017 11:33:00 AM
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.... It is considered an international barometer, although there is an equivalent in Europe called Vstoxx. Volatility is calculated by analysing options contracts – which are like insurance policies taken out by share traders. ... [Read full article on Guardian ]
Saturday 13th of May 2017 03:00:03 PM
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....The shift in part reflects population trends in the US, where states in the south and west - often dubbed Sun Belt states - are growing faster than their counterparts in the north. It's also driven by growth in insurance, investment advice and consumer lending jobs, over the trading and securities roles historically based in New York. ... [Read full article on BBC ]
Thursday 4th of May 2017 11:27:10 PM
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....Where the government decides to get its money is important because it determines who is being made worse off. The biggest chunk of overall revenue - about 40% - comes from income tax and national insurance contributions, both of which are based on your earnings. ... [Read full article on BBC ]
Sunday 14th of May 2017 01:14:58 AM
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Latest Finance News related to Insurance

Car insurance in UK hits record high as tax rate on premiums increases image
. The average cost of car insurance will hit a record high as a higher rate of tax on premiums comes into effect, pushing up prices even further. ...
The Crusader: Insurance sleuthing finds forgotten cash image
Source : Daily Express [Read Article] Monday 29th of May 2017 01:00:00 PM
.... . But quite how fluid the world of insurance, with its mergers and takeovers, turned out to be still surprised them. ...
Far from ‘strong and stable’, May’s economic plan is weak and unstable image
.... Unstable because growth has been so heavily reliant on debt-driven consumer spending. The “strong and stable” May has performed two U-turns in the past three months: on the budget plans to increase national insurance contributions for the self-employed and on the manifesto’s proposed dementia tax. ...
Britons are sitting on too much debt without a financial safety net image
Source : Daily Express [Read Article] Sunday 28th of May 2017 12:01:00 AM
....As household borrowing climbs ever higher, most have no protection against an unexpected death or illness in the family. Specialist types of cover such as life insurance, income protection and critical illness cover can help clear your debts if a key family member is unable to work and your income dries up as a result, but too many go unprotected. ...
REVEALED: Trick to boost state pension in loophole that could soon be closed - ex-minister image
.... Future governments, desperate to make budget savings, could axe the top-up system at any time. It is estimated about half a million people who contracted out of national insurance contributions (NIC) in their career - and therefore won't qualify for the full payout could benefit. ...
We will all pay the price for our financial illiteracy image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
.... It was focused on 15-year-olds in 15 countries, so it’s not about adults, but my guess is that most people’s literacy at 50 isn’t much better than at 15. It asked some maths-style questions – comparing the cost of loose tomatoes with boxed ones, and checking an invoice for accuracy – but also explored more modern issues around money, such as identifying if that email from your bank is a scam, and the factors that go into insurance costs for a first moped. ...
Travelex to withdraw Supercard due to ‘high costs’ image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
.... Anyone with an outstanding application will not now be sent a card. Complimentary travel insurance available to cardholders will no longer apply from 24 July. ...
'I lived in fear of brown envelopes': being chased by the taxman image
Source : Guardian [Read Article] Friday 26th of May 2017 06:00:04 AM
....” Despite HMRC acknowledging Hawkins had not participated in the fraud, she was responsible as it was her return. Hawkins says trying to resolve the enquiry has been costly (approximately £10,000 in accountancy fees, plus the owed tax and fines) as she didn’t have insurance to cover an investigation. ...
EU roaming charges banned from June, plus the rogue buyers exploiting eBay image
....Trying to cancel a Vodafone account hit my chances of getting a mortgage. Get great value annual multi-trip or single trip holiday cover with Guardian travel insurance, provided by Voyager. ...
Former Anglo Irish chair Seán Fitzpatrick walks free as trial collapses image
....Quinn is the former billionaire whose rise and fall while overborrowing from Anglo Irish personifies the collapse of Ireland’s Celtic Tiger economy. The 65-year-old County Fermanagh-born tycoon used to employ up to 5,000 people in construction and his family’s insurance corporation. ...
M&S annual profits fall by 64% as revamp costs bite image
Source : BBC [Read Article] Wednesday 24th of May 2017 06:30:53 AM
....The firm was hit by a number of sizeable one-off costs, including £156m to make changes to its pension scheme, £132m on international store closures, and another £49m on changes to its UK store estate and "onerous lease charges" related to that estate. A further £44m was absorbed by M&S Bank being hit by charges incurred in relation to insurance mis-selling. ...
Secrets to successful DIY: One in three Brits lack basic skills image
Source : Daily Express [Read Article] Wednesday 24th of May 2017 12:01:00 AM
.... . Natalia Freeman, insurance specialist at Towergate, warns that accidents and mistakes are not covered by standard home insurance policies. ...
Financially sunk if you sail without proper travel insurance image
Source : Daily Express [Read Article] Wednesday 24th of May 2017 12:01:00 AM
.... . More than 1,750 travel insurance policies were reviewed by the comparison site GoCompare. ...
Nationwide profits drop 18% as it shields savers from interest rate cuts image
....The Co-op Bank has put itself up for sale and the City is awaiting an update on whether its bondholders and shareholders will put in more cash to help bolster its financial position. Garner is pulling out of selling car insurance and commercial property lending. ...
How can Macron unite Europe? He could start with its armies | Hans-Werner Sinn image
.... What else could he possibly mean when he calls for the creation of a eurozone finance ministry that can accrue jointly guaranteed debt and collect its own taxes. What about when he asks for common eurozone deposit protection and unemployment insurance? The motive behind these ideas is all too obvious: support the domestic economy at others’ expense. ...
Unions say Tories' zero-hours workers' review doesn't go far enough image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 09:42:36 AM
....The Low Incomes Tax Reform Group charity has urged Taylor to recommend a comprehensive reassessment of the relationship between taxation and the growth of the gig economy. Anne Fairpo, chair of LITRG, said: “Exploitation of workers often manifests itself in problems with their tax and national insurance contributions, such as employers not paying over withheld amounts of Pay As You Earn to HMRC. ...
Nationwide profits hit by low interest rates image
Source : BBC [Read Article] Tuesday 23rd of May 2017 07:20:53 AM
....". Mr Garner also revealed that Nationwide will stop offering car insurance to new customers from next month, will wind down its commercial lending business and will stop offering inheritance planning advice. ...
Big energy firms lobby Theresa May to water down price cap pledge image
Source : Guardian [Read Article] Monday 22nd of May 2017 03:23:19 PM
....Under the plan, an existing cap for 4m households on prepayment meters – mostly more vulnerable customers – would be extended to a further 2m homes that already receive a £140 discount on their electricity bills, the Warm Home Discount. The proposal also envisages the government either setting targets for energy suppliers to shift people off standard variable tariffs, or scrapping them altogether in favour of an insurance-style product in which households would renew a contract with an energy supplier annually. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
....Opinion is divided about when the first consumer models will hit the streets, despite some rumours suggesting Tesla will release a model with a level of autonomy by 2018. Sceptics have pointed to uncertainty around the regulatory regime governing matters such as insurance, while the technology has not been without some concerning teething problems. ...
Cyber Attacks: Criminals could use attacks to disable key buildings, experts warn image
....” . Speciality insurance market Lloyd’s of London believes that the WannaCry attack, as well as incoming European data regulations that specify how a firm has to respond to a breach, will drive increased demand for insurance cover. ...
Picture perfect: how to make an art of your investments image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
....Art investments are also unregulated, so you can’t fall back on the Financial Services Compensation Scheme if something goes wrong. Bear in mind too that there could be insurance and storage costs. ...
The tax that pensioners should pay to fund care image
Source : Guardian [Read Article] Saturday 20th of May 2017 05:59:17 AM
....But that doesn’t take away from the fact that the increasing cost of care for the elderly needs to be found somewhere, and it would be unfair for the young to shoulder all the burden. One of the oddities of the tax system is that we stop paying 12% national insurance on our earnings once we reach state pension age. ...
Young people 'most likely to go abroad without insurance' image
Source : BBC [Read Article] Friday 19th of May 2017 11:54:01 PM
. About 40% of young people go abroad without travel insurance, risking medical fees of thousands of pounds if they are taken ill, a survey suggests. ...
Score the best mortgage deals, plus the facts about the pensions triple lock image
....A mountain to climb to get Everest to resolve our window issue. I cancelled my car insurance in the cooling-off period, but was still charged. ...
May's manifesto is birth of third way Conservatism image
Source : Guardian [Read Article] Thursday 18th of May 2017 01:15:48 PM
....The glacial pace of deficit reduction means that the 2017 manifesto is far more cautious in its tax pledges than the one produced by David Cameron two years ago. Back then, when the opinion polls were suggesting a hung parliament, Cameron pledged no increase in income tax rates, national insurance contributions or VAT. ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
....I earned around $2,000 a month after putting in a lot of hours and snatching up overtime whenever it was offered, working 11 days in a row or taking long shifts. After paying $475 for rent, $193 a month on my car, $75 per month for car insurance, utilities, phone, basic cable, food, minimum payments on my credit card debt that were over $100, taxes (single working people making over the poverty level usually do not get any tax deductions), and $230 a month for health insurance, I had little left over. ...
Tesla factory workers reveal pain, injury and stress: 'Everything feels like the future but us' image
....However, some Tesla workers argue the company’s treatment of injured workers discourages them from reporting their injuries. If workers are assigned to “light duty” work because of an injury, they are paid a lower wage as well as supplemental benefits from workers’ compensation insurance, a practice that Tesla said was in line with other employers and California law. ...
Buy-to-let millionaire who bans 'coloured' people faces legal action image
Source : Guardian [Read Article] Wednesday 17th of May 2017 02:20:13 PM
....“If you can find someone to be a guarantor, they can then sub-let to a battered wife. We’re just saying we don’t take them because they must have a rent guarantee as part of the landlord’s insurance demanded by the mortgage companies. ...
How to find the best travel insurance deals image
Source : Independent [Read Article] Wednesday 17th of May 2017 10:52:21 AM
...
Related to :
Lloyds claims taxpayers have made £900m profit from bailout image
Source : Guardian [Read Article] Wednesday 17th of May 2017 07:37:15 AM
.... Thanks to the hard work of everyone at Lloyds, we’ve turned the group around,” he said. While the takeover of HBOS is often blamed for the enlarged bank’s problems, Lloyds’ finance director, George Culmer, said the mis-selling of payment protection insurance was also a major issue that required action “right across the bank”. ...
Protect your shed: Valuables in your garden could be a target for thieves image
Source : Daily Express [Read Article] Wednesday 17th of May 2017 12:01:00 AM
.... . Yet half of all sheds are uninsured, often leaving items worth thousands of pounds with no protection against theft or damage, according to research from household insurance specialists Policy Expert. ...
Lloyds reaches landmark as government sells final shares image
Source : Guardian [Read Article] Tuesday 16th of May 2017 04:45:44 PM
....6bn cost of borrowing the bailout funds, the bank’s chief executive, António Horta-Osório, told last week’s annual general meeting that the government would make at least £500m from its investment in Lloyds. The chief executive will now face questions about whether he intends to stay on at the bank, which he joined in 2011 and immediately started to tackle the payment protection insurance mis-selling scandal which has cost Lloyds more than £17bn. ...
Stop spending money on avocados? Good idea, I’ll have a house deposit by 2117 | Rhiannon Lucy Cosslett image
.... Women wouldn’t be murdered by their partners if only they had the courage to leave. American families struggle to afford health insurance because they keep buying smartphones. ...
Millionaire tells millennials: if you want a house, stop buying avocado toast image
....”. Some compared Gurner’s comments to the recent controversial remarks of US congressman Jason Chaffetz, who suggested people struggling to afford health insurance should stop buying smartphones. ...
JP Morgan buys bigger office for 1,000 staff in Dublin image
Source : BBC [Read Article] Monday 15th of May 2017 02:01:38 PM
....Deutsche Bank said in April that it might move up to 4,000 jobs out of the UK as a result of Brexit, which would be nearly half its UK workforce. Other financial services firms known to be looking at moving some staff out of London include Barclays, Goldman Sachs and the insurance market Lloyds of London. ...
JP Morgan appears to make good on Brexit threat with new Dublin office image
.... The Central Bank of Ireland has said it has received a “high level of interest” from financial firms which carry out their European operations from the UK. It says it has received five applications relating to the insurance sector, had received signals that five other firms were going to apply and had been contacted by 20 others to discuss authorisation. ...
I cancelled my car insurance in the cooling-off period, but was still charged image
....I’d like to ask your views on insurers offering cooling-off periods if you change your mind, but still levying substantial charges if you do. I recently purchased car insurance from One Call Insurance. ...
Final taxpayer shares in Lloyds Banking Group to be sold off image
Source : Guardian [Read Article] Sunday 14th of May 2017 02:28:48 PM
.... Lloyds still has a 25% share of current accounts, 22% of retail deposits and 21% of the mortgage market, largely through Halifax. The recovery of Lloyds has also been held back by a bill of more than £17bn to compensate customers missold payment protection insurance (PPI) – about half the industry’s total. ...
Battle ground image
Source : BBC [Read Article] Sunday 14th of May 2017 01:14:58 AM
....Where the government decides to get its money is important because it determines who is being made worse off. The biggest chunk of overall revenue - about 40% - comes from income tax and national insurance contributions, both of which are based on your earnings. ...
US ‘fear index’ shows stock markets eerily calm in stormy times image
Source : Guardian [Read Article] Saturday 13th of May 2017 03:00:03 PM
.... It is considered an international barometer, although there is an equivalent in Europe called Vstoxx. Volatility is calculated by analysing options contracts – which are like insurance policies taken out by share traders. ...
Britain's booming pension funds see retirement income surge by 12 per cent  image
Source : Daily Express [Read Article] Thursday 11th of May 2017 04:32:00 PM
....uk showed. On top of higher annuity rates, it means that retirees have seen income from the insurance products surge by 14. ...
The Tory energy cap is not a policy. It’s a confession | Owen Jones image
.... And there are three rather big caveats attached to it. First, the electorate would do well to remember that Theresa May struggles to stick to pledges: consider the snap election she repeatedly said wouldn’t happen, her U-turn on raising national insurance, and her net immigration target of tens of thousands. ...
Funeral and cremation fees are rising at inflation-busting rates image
Source : Daily Express [Read Article] Tuesday 9th of May 2017 10:35:00 PM
....Many end up in debt as a result. Losing a loved one is traumatic enough without having to worry about costs so we urge families to plan to ensure they have insurance or savings in place. ...
This is the £40 driver gadget that can slash the price of car insurance image
Source : Daily Express [Read Article] Tuesday 9th of May 2017 03:36:00 PM
....The retailers research showed that 56 per cent of motorists feel safer when using a dash cam. Richard Browning, Director at Nextbase, a dash-cam supplier said: “Not only does a dash cam give you peace of mind in a stressful situation like a crash, it can also help safeguard your insurance premium and save you considerable sums of money. ...
John Lewis profits suffer £36m dent from minimum wage error image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:54:26 AM
....The John Lewis chairman, Charlie Mayfield, said arrangements had already been made to contact those affected and make payments. The total cost of the back pay along with employer’s national insurance, pension contributions and other associated costs, could be as much as £36m, according to the annual report, published on Tuesday. ...
Don't change insurer regularly? It could be costing you more than £1,400 image
. Households that fail to move their home and car insurance regularly are overcharged by more than £1,400 a decade, according to new research. ...
Loyal customers lose up to '£1,000 a year by staying with same insurance companies' image
...
Related to :
UK tourists hit by booking scams up by nearly a fifth image
Source : BBC [Read Article] Sunday 7th of May 2017 11:47:58 AM
....Authorities say they believe criminals are taking advantage of the lack of awareness of the UK's strict regulations on travel companies. Fake websites have encouraged tourists to pay via bank transfer or cash, claiming these are the only methods which are protected by their own bogus insurance policies. ...
Bank of Mum and Dad is a major financial player - but could it be about to go bust? image
.... . Matt Sanders, financial expert at GoCompare Money, says more young adults need help as wages stagnate while the cost of necessities such as rent, energy bills and car insurance continues to rise: “Those at the start of their careers have to make their money stretch a lot further than they did in previous years. ...
Five minute guide to ever-increasing inheritance tax  image
Source : Daily Express [Read Article] Sunday 7th of May 2017 12:01:00 AM
....If the nil-rate band is exceeded, Isas are liable to IHT, but you can pass on your pension free of death duty if you die after age 75, although beneficiaries may pay income tax on the money. Seek professional advice if you want to try more complex options, such as taking out a whole-of-life insurance policy to cover the tax bill, or setting up a trust. ...
General election 2017: Labour rules out tax rises for 95% of earners image
....Chancellor Philip Hammond has said that "greater flexibility" would be needed in future to pay down the deficit and reduce levels of debt. He abandoned proposals in March's Budget to increase national insurance contributions for the self-employed following a Tory rebellion, with MPs claiming the move breached its 2015 manifesto. ...
HSBC chairman Douglas Flint recalls the good, the bad and the scandalous image
.... The industry will reconfigure, London will reconfigure. The talent pool that is here, the ecosystem that exists of lawyers, accountants, trustees, the insurance market, brokers, every kind of financial sector player , the technology sector, legal system, the infrastructure and Greenwich mean time means that it’s an attractive place to run any business. ...
Cybercrime on the high seas: the new threat facing billionaire superyacht owners image
.... But the security has not kept up and is vulnerable to attack”. “The biggest problems are extortion,” said Ben Lind, a superyacht insurance underwriter at AIG. ...
Inheritance tax: Four in five over-55s at risk of brutal death bills image
Source : Daily Express [Read Article] Friday 5th of May 2017 04:06:00 PM
....Yet, less than a fifth of over 55s have taken action to reduce liability - despite death tax being one of the easiest taxes to legally avoid. Setting up trusts, gifting assets and taking out life insurance are just a few of the ways to limit the impact of the dreaded duty. ...
Will your travel insurance cover you if an airline goes out of business? image
....Earlier this week the Italian airline Alitalia started bankruptcy proceedings, and while it continues to operate, the news it has entered administration has prompted a renewed focus on how many travellers are covered if the worst happens. According to financial analysts Defaqto, about 40% of both single trip and annual travel insurance policies currently on sale do not provide any cover in the event your airline ceases trading. ...
Hello Arizona   image
Source : BBC [Read Article] Thursday 4th of May 2017 11:27:10 PM
....The shift in part reflects population trends in the US, where states in the south and west - often dubbed Sun Belt states - are growing faster than their counterparts in the north. It's also driven by growth in insurance, investment advice and consumer lending jobs, over the trading and securities roles historically based in New York. ...
Brits shy away from a place in the sun, plus it's the last day to spend old fivers image
.... Get expert guidance, competitive exchange rates and free online transfers when you sign up to a free account. Make sure you’re covered with the Guardian’s great value annual multi-trip travel insurance, provided by Voyager. ...
HSBC profits fall as bank bids to restore flagging revenues image
Source : BBC [Read Article] Thursday 4th of May 2017 06:19:35 AM
....". Briton Mark Tucker, currently group chief executive and president of insurance group AIA, will take over as chairman from Douglas Flint in October. ...
HSBC spends more on fighting financial crime as profits fall by 19% image
Source : Guardian [Read Article] Thursday 4th of May 2017 05:55:16 AM
....6bn, a $1bn share buyback and attempts to cut costs from a business that has operations in 70 countries and more than 235,000 staff. There was also a $210m provision to pay compensation for payment protection insurance, taking the total cost of the scandal for HSBC to $5. ...
JP Morgan to move hundreds of jobs out of UK due to Brexit image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 11:36:23 AM
....Ever since the vote for Brexit, European financial centres have been battling over the business that will need to be conducted outside the UK. While Frankfurt is often cited as the obvious location, insurance company Lloyds of London is setting up a subsidiary in Brussels, while HSBC plans to shift 1,000 roles to Paris. ...
Billions wasted on home and car insurance as people fail to shop around, says new research image
. Homeowners could be throwing away £123 every year on their home buildings and contents insurance premiums, new research from PolicyExpert. ...
The home insurance mistake costing YOU £123 every year image
Source : Daily Express [Read Article] Wednesday 3rd of May 2017 12:05:00 AM
....Yet, almost one in three homeowners has failed to change providers more than in once in the last four years, found Policy Expert. At the same time, nine out of 10 people said price is the most important factor for an insurance policy. ...
If Barclays CEO is shown the door, let it be for the right reason | Nils Pratley image
....The line from the merger partners is that the retention payments are really protection against opportunistic poaching by rivals. It would be bad for business if too many fund managers jumped ship in the middle of a drawn-out merger, thus £35m is seen as a relatively cheap form of insurance in a £12bn deal. ...
US budget: No cash for Trump's wall in budget deal image
Source : BBC [Read Article] Monday 1st of May 2017 06:26:01 AM
....3bn in health benefits, a priority of two Democratic senators. Democrats have also secured $295m to help Puerto Rico continue making payments to the Medicaid health insurance programme for the poor, and $100m to combat opioid addiction. ...
On the buses image
Source : BBC [Read Article] Sunday 30th of April 2017 11:31:11 PM
....At one workshop, university student Lauren Barclay, 19, from Trafford, reveals how she gave up on buses. "It was actually cheaper to buy a car and get insurance and drive in every day than get a bus to a tram stop and get a tram into Manchester," she says. ...
May Day report by MPs damns growing UK gig economy image
Source : Guardian [Read Article] Sunday 30th of April 2017 11:01:13 PM
....The chancellor, Philip Hammond, announced plans to increase those contributions in his maiden budget in March, but was quickly forced into an embarrassing U-turn following a backbench revolt. Monday’s report also notes that self-employed people and employees receive almost equal access to the services funded by national insurance contributions “yet the self-employed contribute far less”. ...
MPs call for end to 'bogus' self-employment image
Source : BBC [Read Article] Sunday 30th of April 2017 11:00:07 PM
....Self-employed status leaves workers vulnerable to "exploitation", the Work and Pensions Committee concluded after an investigation into the issue. And chair Frank Field also criticised Uber's recent move to introduce a sickness insurance scheme for drivers. ...
General election: May paves way for end to pledges on NI and income tax image
. Theresa May is likely to abandon the Tories’ “triple tax lock” commitment and has ruled out increases to VAT, but signalled that she could allow a future Conservative government to raise national insurance and income tax. ...
Warranty work on my VW’s audio system turned into an £1,800 accident repair bill image
.... A day later I got a call from my insurer Bell – part of Admiral – telling me the car had been involved in an accident. Following numerous calls to both the insurance company and the police, Bell told me to pick up my car from the garage – it was driveable, though damaged. ...
Labour party pledges to outlaw all zero-hours contracts image
Source : Guardian [Read Article] Saturday 29th of April 2017 09:01:09 PM
....Labour has already said it will introduce four new bank holidays. McDonnell also signalled that Labour’s manifesto will pledge no rise in VAT or national insurance and he will argue the party should rule out reviving Miliband’s mansion tax policy. ...
Whiplash: the myth that funds a £20bn gravy train image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
....Yet the victims of whiplash receive £2bn a year in payouts, a fair chunk of which goes to personal injury lawyers. That’s £20bn over the past decade, paid for out of galloping increases in car insurance premiums. ...
'Fire sale' risk with Bank capital approach, says Vickers image
Source : BBC [Read Article] Friday 28th of April 2017 02:26:12 PM
.... It comes in many forms, but the most common is funding from shareholders, who expect a hefty return on the risk they are taking. Last year, Sir John said the central bank needed to demand a deeper capital buffer from the banks, calling it an "insurance policy" against harder times and deserving "full cover". ...

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