Compensation for whiplash after traffic accidents is to plummet.Moves to stop exaggerated claims that insurers say have put up the price of cover for everyone will mean that anyone suffering whiplash
Most consumers who have been with one insurance provider for a number of years will be all too aware of how frustrating, and costly, it can be when new customers are offered all the best deals.
Six things you need to know before booking a holiday abroad
Do your research and get the right cover before parting with any cash. Vicky Shaw finds out more.
Six things you need to know before booking a holiday abroad
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The recent poor weather for this time of year, as well as the easing of lockdown restrictions, will be turning many people’s minds towards booking summer holidays.
Drivers will save £200 as insurance loyalty penalty outlawed
City watchdog says the reforms will save customers £3.7bn over a decade
28 May 2021 • 9:32am
Loyal customers could save up to £200 a year on their car and home insurance after the City watchdog confirmed plans to ban the so-called loyalty penalty.
For many years, insurance firms have kept the best deals for new customers while charging existing policyholders more when they renew. Less financially savvy customers who do not shop around each year have paid more as a result.
The Financial Conduct Authority confirmed it will outlaw this practice from September, also known as “price walking”, and make it easier for policyholders to cancel the automatic renewal of their policy.