- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
Life insurance costs falling "dramatically"
Thu 13 Dec 2007 1pm
A financial expert has stated that life insurance premiums are getting cheaper in the UK because people are living longer.Improvements in medical treatment and an increased emphasis on healthy lifestyles has had a "significant" impact on the average lifespan and the life insurance market, a spokesperson for Libra Financial Planning said.
He also claimed that the life insurance sector is currently "very competitive" and "very strong" in Britain.
"The cost of life insurance seems to be coming down dramatically, because it would seem that people's life and longevity is increased and so the life insurance companies aren't expecting people to die," he explained.
According to the Financial Services Authority, the life expectancy of UK people will have reached 81 years for men and 85 years for women by 2031.
Prudential has reported that the UK life insurance market was the largest in Europe in 2004, with premiums worth a collective £105 billion.
