- The think tank Policy Exchange has been on the magic mushrooms.
- They have come out with a corker this morning stating that interest rates could be raising to 8% by 2012.
- Mon 23rd Aug 2010
- Over 1.2 million people take out pay day loans at an average 2689% APR.
- These are genuine loans and should not be mistaken for dodgy deals provided by loan sharks.
- Mon 16th Aug 2010
- Mortgage rates keep getting better and better.
- HSBC have today announced a market leading tracker mortgage at 1.69% + base for life.
- Tue 3rd Aug 2010
UK people 'need more life insurance'
Mon 21 Jan 2008 5pm
The UK is currently "hugely underinsured" for life cover, an industry expert has claimed.Nick Kirwan, head of health and protection insurance at the Association of British Insurers (ABI), said that many people do not currently take out the necessary life insurance because there is not an "easy mechanism" for promoting such policies.
He stated that the large number of homeowners organising life cover at the same time as a mortgage is "of course a good thing", but said that people should be more aware of the need for life insurance "when other events happen as well".
Mr Kirwan explained: "If people start a family, that's a time when the need for life insurance particularly shoots up.
"Unfortunately, they don't take it out on those occasions as much as we think they should."
The membership of the ABI includes about 400 companies, accounting for 94 per cent of all insurance products sold in the UK.
