- Lowest number of Mortgage Approvals since records began.
- In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
- Tue 29th Apr 2008
- Are the Banks getting greedy?
- In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly.
- Thu 24th Apr 2008
- Comparison websites under the hot spotlight.
- The centre for competition policy has produced a report saying independent checks need to be made of comparison websites.
- Sat 12th Apr 2008
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.
