How much longer can insurance firms persist with a tax on the poor? asks JEFF PRESTRIDGE
Currently, many who pay for car or home insurance monthly, rather than annually, face interest charges of more than 20%.
Stay updated with breaking news from Philips Trust. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Currently, many who pay for car or home insurance monthly, rather than annually, face interest charges of more than 20%.
Currently, many who pay for cover this way (home as well as car) face interest charges of more than 20 per cent.
All the latest breaking UK and world news with in-depth comment and analysis, pictures and videos from MailOnline and the Daily Mail.
Pensioners John and Carol Bell are amongst the 2,300 victims who could collectively lose £138 million after the Philips Trust Cooperation was plunged into administration in April 2022.
Harcus Parker has written to those who joined its now defunct group action, giving worked examples of how the compensation will be whittled away.