While it has taken two years for the scheme to receive the green light for admission to the Pension Protection Fund (PPF), the 6,228 pensioners in the former MG Rover scheme will have their pensions protected for the future. Even though the pension scheme itself was declared insolvent when the parent company went under in 2005, the industry funded PPF has taken on all liabilities.
Car Insurance search engine, www.confused.com have delivered a damming verdict on the prospects for UK car insurance premiums, as claims continue to outstrip premiums in a worrying trend.Â
What will this mean to you?
While the car insurance sector is forever on the receiving end of heavy criticism, it appear the industry leaders have been holding premiums at uneconomical rates for some time. The fact that it was only by using past profits, that the insurers were able to hold rates at current levels, seems to have missed by many, however there has been a market increase in claims, and associated costs, over the last few years.
While the Pension market in the UK has, and continues to undergo momentous changes there are a number of issues which seem to have been missed in all of the headlines.Â
One such area is the settlement of investor compensations claims, which have been increasing in the US over the last few years in particular. There have been high profile payments from Enron and AOL / Time Warner, but millions of dollars are going unclaimed - are you one of those who has suffered, but not claimed?
While all of us will have come across the term “inflation†on many occasions, how many of us actually realise what kind of effect it can have on our lives, our savings, and our spare cash?
The UK Inflation figure has long been associated with what is called the Retail Price Index (RPI), which is basically an index which tracks the cost of an “average†basket of goods to see how prices are changing.Â
While many people voice their concerns about the likes of online banking, and other online activities, highlighting the potential problems and security issues, many people seem to ignore Identification Theft (ID theft).Â
Comments such as “It will never happen to meâ€, “I am very carefulâ€, “Why would anybody target me?†are common place, but are we missing the point?
As the power and popularity of the internet continues to grow, we are seeing more and more of our everyday tasks transferred to the worldwide web, including online banking. While online banking is becoming more and more popular, many people still have grave reservations about safety and access, but are they really justified?
