A WEEK IN PERSONAL FINANCE
Sunday 10 December 1995
The cost of insurance fraud fell from pounds 600m in 1994 to pounds 585m this year, according to the Association of British Insurers. The ABI said it was committed to reducing fraud further and would encourage the prosecution of those making fraudulent claims.
Motor insurance premiums could fall further as big insurers such as Direct Line pass on savings from running their own repair garages, predicts actuaries Bacon & Woodrow. Further premium cuts of more than 10 per cent could be possible.
The Banking Ombudsman awarded record damages of almost pounds 1m against banks last year in response to complaints from consumers. The smallest award was pounds 10 and the largest pounds 70,000. But the Ombudsman said complaints to his office were down overall and suggested that banks might be improving both customer service and their own handling of complaints.
The UK's largest insurer, the Prudential, called on the Government to look at simplifying pensions. Measures suggested included extending the proposed "plain english" exercise for tax to pensions.
Employers are concerned about the cost of private medical insurance plans for staff to their organisations, according to a survey by the CBI.
- 1 Rice Bucket Challenge: India's take on the Ice Bucket Challenge 'for Indian needs'
- 2 Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 Rubble Bucket Challenge: Ice Bucket Challenge adapted in solidarity with Gazans whose homes have been destroyed in conflict
- 5 Car tax disc changes: Make sure you know the new rules from 1 October or risk £1,000 fine
Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
The 13 obscure UK laws you didn’t know you were breaking
13 laws you didn't know you were breaking
Car tax disc changes: Make sure you know the new rules from 1 October or risk £1,000 fine
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Jeremy Clarkson is a cultural tumour and needs to be removed, says comedian Frankie Boyle
Air strikes? Talk of God? Barack Obama is following the jihadists’ script after James Foley beheading
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