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Financial, Financial Information, Financial Management, Financial Services, Financial Software, Financial Solutions, Investment, Money, Profits, Stocks, Trading

Stockpair.com Launches Pair Options, the First Trading Product to Enable Direct Trading Based on the Relative Performance of Stocks

Stockpair ( www.stockpair.com ) has announced the launch of the first ever Pair Options trading platform. Pair Options are a new category of market-neutral online trading products that are based on the relative performance of stocks. Pair Options trading is based on picking the best performing stock within a given stock pair (such as Apple/Google, Vodafone/BT etc.) therefore limiting the exposure to general market direction. Stockpair has taken elements from the professional Pair Trading strategy and turned it into a compelling, intuitive and trader-friendly product.

“What’s extremely valuable is that since you trade on the relative performance of two stocks, you’re essentially using a market neutral instrument,” commented Yoel Mann, Stockpair’s VP of Marketing. “What really matters is how one stock has performed against another, and not necessarily how it performs in absolute terms, so even if the market goes down, there is no affect on profits.”

The platform services the global community of traders, professionals and beginners. Within the fairly conservative financial industry, stockpair’s launch is a rare occasion on which a completely new product is to be introduced to the market, not to mention a product that simplifies a proven trading technique and makes a new effective trading paradigm accessible to traders of all levels of experience.

Stockpair is built upon a patent-pending pricing engine and an innovative visual interface which offers a unique, interactive trading experience. The platform offers Pair Options on more than 70 stocks from exchanges around the world, based on real time market data. The system enables taking decisions and making trades within seconds, allowing traders to quickly capture market opportunities.

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Assets, Financial, Financial Information, Financial Management, Financial Services, Insurance, Insurance Services, Money

LV= Asset Management named Best Small Bond Group at Lipper Awards 2011

LV= Asset Management, the fund management arm of mutual insurance, investment and retirement group LV=, has received recognition for the strong performance of its UK fixed interest team by winning the best small bond group category at the Lipper Fund Awards 2011.

LV= Asset Management qualified for this award by delivering strong risk-adjusted performance relative to its peer group across its range of bond funds over the three year period up to 31st December 2010. These funds include the LV= UK Corporate Bond fund, the LV= UK Fixed Interest fund and the LV= UK Index linked fund.

The award acknowledges LVAM’s industry leading fixed interest capability and highlights the team’s expertise across a range of different products.

Michael Wright, Head of Fixed Interest at LVAM commented: “We aim to deliver consistently good performance for our clients across the range of bond funds. We are extremely pleased to have won this award as it acknowledges our team approach to managing funds and recognises the superior returns we have achieved over the three years to 31st December 2010.

“The last few years have been an extraordinary time for money managers but the breadth of experience on the team has allowed us to draw on lessons from the past and make timely, well informed decision on behalf of our clients. Going forward we are confident that we can maintain this high level of performance by continuing to follow a pragmatic approach to stock selection.”

Ann Roughead, Managing Director at LVAM added: “LVAM has set out its stall as a low-cost active manager that does what it says on the tin – delivering attractive added value year in, year out. The LV= bond funds are great examples of what we are trying to achieve and this award will serve to reinforce our commitment to providing impressive and consistent returns for our investors.”

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Assets, Financial, Financial Information, Financial Management, Financial Services, Insurance, Insurance Services, Money

LV = Reveals Drivers Lost £58.5 Million From ‘Unfair’ Parking Tickets

LV=, the car insurer, has revealed that drivers lost £58.5m last year by failing to appeal against parking tickets issued in ‘unfair’ circumstances.

In 2010, one in twenty (5%) motorists in the UK received a parking ticket where they had grounds to appeal. Despite this, only one in five (22%) drivers bother to contest a ticket once issued; but of those who do, nearly nine in ten (88%) claimants are successful.

When questioned, over half of UK drivers (53%) who do pay when issued with a ticket in unfair circumstances do so because they assume they will not win an appeal. Many drivers say they are confused about the procedure for appeals, with one in twelve (8%) not knowing how to initiate a claim.

The majority of ‘unfair’ parking fines are issued in areas where parking signage is unclear. Other reasons include misleading road markings, being issued with a fine while walking to a machine to buy a parking ticket and being fined when the car was broken down. A small but significant number of drivers report parking attendants actually fabricating evidence to support issuing the ticket (2%).

Most (49%) of tickets issued unfairly are given out on public roads but surprisingly one in ten (10%) are received in car parks of public buildings managed by local authorities, such as libraries, hospitals and GP surgeries. A similar number (9%) are given out in commercially operated car parks.

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Banks, Business, Currency, Financial, Financial Information, Financial Management, Financial Services, Financial Software, Financial Solutions, Forex, Investment, Money, Profits, Trading

Saxo Bank Video Looks at Post-quake Japanese Investment Opportunities

Saxo Bank has released a new Equity Focus video featuring the company’s Equity Strategist Peter Garnry. The video looks at what the possible implications for investors interested in the Japanese stock market are in the short and long-term, with the total impact and cost of the massive earthquake in Japan, related tsunamis and nuclear crisis still unclear. The Bank of Japan has introduced a series of policy easing measures but there is still doubt that this will be enough to create market stability in the Japanese stock market.

Comparing Japan’s current situation to the state of the country’s market following the huge earthquake which occurred in the city of Kobe in 1995, Peter Garnry commented that the stock market remained steady in the days following that disaster but people underestimated its effects and within four months the market had fallen by 25%. When asked whether this was due to the Kobe earthquake hitting a large industrial area of Japan rather than the coastal areas devastated by the recent quake (although some car manufacturing and electronics plants were forced to stop production) Garnry replied that the effect on the market will only be known in the coming months. He also stated that the aftermath of the earthquake could be a great opportunity for many investors to be exposed to Japanese stocks and subsequently invest in them.

With the current disaster coming on top of an already exorbitant national debt status there are increased concerns that the Japanese economy could be pushed back into recession. Meanwhile, major Japanese exporters are being hurt by forced shutdowns due to power shortages, while the yen, at least for now, is supported by the Bank of Japan’s massive liquidity injection into the banking system. As it’s still early days there’s a chance that just a few months down the road the impact on Japan’s economy and currency might be somewhat different and this could result in some interesting investment opportunities in large Japanese export driven stocks.

About Saxo Bank:
Saxo Bank is an online trading and investment specialist, enabling clients to trade Forex, CFDs, Stocks, Futures, Options and other derivatives, as well as providing portfolio management via SaxoWebTrader and SaxoTrader, the leading online forex trading platforms. The three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. The Saxo Bank website features a wealth of investment advice, trading products, market news and analysis, including forex videos.

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Financial, Financial Information, Financial Services, Insurance, Insurance Services

Auto-motiveInsurance.net provides Free Online vehicle insurance quotes

Auto-motiveInsurance.net is a new insurance website. The new website is established to help millions of insurance consumers. At this hard time that many motorists are finding it so difficult to survive, many are losing their insurance policies due to increasing costs. So, people are looking for ways to tremendously reduce their insurance costs, but are struggling to find a solution.

Mr. Solomon, owner of Auto-motiveInsurance.net website had a goal to provide an answer to this chaos. Solomon is quoted as saying, “There are many people who are finding it so difficult to afford automotive insurance and are looking for ways to cut down on their insurance bills. Most insurance companies keep raising customers’ premiums every six months for no obvious reason. Moreover, calling multiple insurance companies to obtain a quote can be time consuming. We wanted to create a platform where prospective insurance buyers could find the best auto insurance quotes. I think our company mission, which is to save people money and time, fills a very real need of most customers. We provide free, no-obligation, online insurance quote tools that people can use to achieve this”.

As one customer said, “The greatest benefit that you would get from this website is that you would be able to get the vehicle insurance quotes free of cost. You just have to submit a form to get the free quotes from the company”.

The layout of the website is very simple. You can easily use the free quote form to get the best auto insurance price you deserve from virtually anywhere on this informative site. There is also a form you can use to get a quote from a specific insurance company. And there is an additional form that allows a shopper the ability to single out the best price from all of compared quotes from several insurance companies. It is up to the user to choose whichever one is appropriate for his need.

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Financial, Financial Information, Insurance, Insurance Services, Investment

Risk and Insurance Article Archive Announced at ClaudePenland.com/multimedia by Actuary

Claude Penland, Associate of the Casualty Actuarial Society with twenty years of insurance industry experience, announces his new article archive at ClaudePenland.com/multimedia.

All pieces are written by Claude Penland, with many additional risk and insurance articles planned. Informative pieces in the archive include:

-10 Prominent Influenza Pandemic Models: Death, Disease and Economic Loss Modeling

-20 Insurance Trends to Watch

-More Insurance Trends to Watch for Actuaries, Underwriters and Claims Personnel, Part 2

-2011 Web Trends, Including Social Networking and Venture Capital

-An Exciting Time to Consider the Microinsurance Market

-Annual Property and Casualty Reinsurance Salary Survey

-Handy Executive Recruitment and Job Hunting Tools

-Health Insurance Compensation Survey at Top 10 United States Insurers

-Life Insurance Salaries at the Top Among CEO’s, Chairmen and Others

-Pension Risk Trends: Companies, Governments, Accounting, Oh My

-Predictive Modeling for Actuaries: Eight Great PowerPoint Presentations and Articles

-Property and Casualty Insurance Salaries in the C-Suite

-Recent Activity Among Insurance Company Startups and Branch Operations

-Recent Activity in the Global Reinsurance Market

-Recent Activity in the Takaful (Islamic Insurance) Market

-So Why Do Job Hunters Use Executive Recruiters?

-Social Networking for Insurance Professionals on LinkedIn, Parts One, Two, Three, Four and Five

-Ten International Emerging Risks for Insurers and Reinsurers

At ClaudePenland.com, Claude Penland, casualty actuary and webmaster, writes at least six times daily about international risk, insurance, financial and web trends. To subscribe to Claude’s daily digest, visit ClaudePenland.com/subscribe.

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Banks, Credit Cards, Financial, Financial Information, Financial Services, Financial Solutions, Insurance, Insurance Services, Loans, Money, Mortgage, Personal Finance

Confused.com Launches New TV Advert

Confused.com has launched its latest advertisement featuring its animated logo Cara singing the classic hit ‘Chain Reaction’, originally penned by the Bee Gees and made famous by Diana Ross. The sixty second advert first aired on 15 February during coverage of the Brit Awards, this year hosted by James Corden.

Following the success of Cara’s first single, ‘Somebody to Love’, ‘Chain Reaction’ is once again voiced by West End star Louise Dearman. Animated and produced by Hornet, with musical arrangement from Spekulation entertainment, the advert will feature living logo Cara singing the catchy anthem before being joined by a backing group of animated singers and dancers.

The Chain Reaction song, originally recorded by Diana Ross, has been selected due to its popularity with music lovers worldwide and was a popular hit in 1985 on her album ‘Eaten Alive’. Confused.com, the UK’s leading car insurance price comparison site, has worked closely with its creative agencies on this advert to ensure it recaptures the energy of the Diana Ross original.

Mike Hoban, marketing director at Confused.com, said: “Confused.com was the first site to offer price comparison. Our latest advert reminds customers of Confused.com’s leadership position in a fun and entertaining way. With 20 million users, up two million since our first advert, Confused.com is once again demonstrating it is the people’s choice for comparison sites and we are really proud of this.”

In addition to the sixty second advert, a thirty second version is also being launched. The new advert can be viewed on Cara’s page on Confused.com and on Confused.com’s You Tube channel.

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Financial, Financial Information, Insurance, Insurance Services, Investment

Insurance Social Networking, Predictive Modeling and Microinsurance Presentations Available

Three insurance-related presentations and videos have been released for immediate viewing at ClaudePenland.com/multimedia. All presentations are free to download and share.

The first presentation is called “LinkedIn Social Networking for Insurance Professionals”. LinkedIn is the most active professional social network in the world.. According to their press materials, they have over 90 million international members, with roughly half of those members residing in the United States. If you work in insurance or reinsurance as an underwriter, attorney, accountant, actuary, actuarial analyst, risk manager, claims professional, financial analyst, agent or other insurance role, this presentation will list for you some of the more active insurance-related jobs and discussion groups on LinkedIn.

“Microinsurance is Exciting” is the second presentation. Microinsurance is generally designed for low-income businesses and individuals who aren’t typically covered by traditional insurance. It is usually sold at low premiums and low coverage limits / caps. It has a potential eventual annual premium of $40 billion worldwide.

A third presentation is titled “Predictive Modeling for Life, Health and Property & Casualty Actuaries”. This predictive analytics presentation provides eight examples of strong industry presentations and articles where actuaries can apply predictive modeling to life insurance, property and casualty insurance and health insurance / actuarial data.

These presentations were authored by Claude Penland, a casualty actuary and webmaster with twenty years of insurance industry experience. On ClaudePenland.com, Claude writes at least six times a day on the international insurance-related and web-related issues that he explores daily, and regularly posts interesting presentations, videos and articles at ClaudePenland.com/multimedia.

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Financial, Financial Information, Financial Management, Financial Services, Financial Software, Investment, Money

Vebnet and Towers Watson Announce Partnership Throughout Latin America

Vebnet, a market-leading global technology provider of total rewards and flexible benefits solutions, and Towers Watson (NYSE, NASDAQ: TW), a leading global professional services company, have announced a formal partnership in Latin America.

The partnership combines Towers Watson’s expertise in benefits, investment and communication consulting with Vebnet’s market-leading technology to support organisations that need portal-based flexible employee benefit schemes. Vebnet and Towers Watson have a similar, successful partnership in Asia Pacific.

“The increasing diversity of today’s workforce makes flexibility an essential component of benefit provision and total rewards programs,” said Segundo Tascon, Latin America benefits director of Towers Watson.

“Together, Towers Watson and Vebnet will offer a fully integrated yet highly configurable solution to clients and their employees. Vebnet’s FIX&FLEX is an intuitive and highly configurable technology application that enables companies to provide education and information content through engaging communications and consistent messaging within a common employee brand.”

By combining Vebnet’s technology, bespoke communication programs delivered through multimedia channels and highly experienced consulting and implementation teams, Towers Watson can develop and deliver a differentiated employee benefit strategy and solution to leading companies. This solution can include communications plans, total rewards statements, flexible benefits and online pay slips to bring more choice, empowerment, flexibility and automation to the company’s benefit scheme. The technology can be deployed in multiple languages and currencies and be the application controlling multinational or global employee benefit scheme provision and administration.

This technology currently supports over 260 organizations, covering 400,000 employees. The technology is deployed in over 20 countries and in different languages including Chinese, Thai and Spanish.

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Banks, Business, Currency, Financial, Financial Information, Financial Management, Financial Services, Financial Software, Financial Solutions, Forex, Investment, Money, Profits, Trading

TradingFloor.com Releases Video On European Growth

TradingFloor.com, the home of Saxo Bank’s trading commentary, financial research and analysis, has released a video discussing the current European growth.

The European growth situation is particularly in focus, with quite a bit of key macro data being published which is expected to confirm the ‘growth story’. In the video Mads Koefoed, macro strategist at Saxo Bank’s TradingFloor.com discusses the growth in Europe and in the U.S.

Mads first discusses Eurozone industrial production in addition to the Eurozone and some individual members’ GDP reports. The industrial production numbers of -0.1% were a little below consensus expectations but above TradingFloor.com’s expectations of -0.4%. Even though the numbers had declined, the manufacturing sector is still growing strongly in the Eurozone. The declining numbers are thought to be attributed to the very strong November numbers, which saw industrial production rising 1.4% month on month, so some give back is it to be expected in December’s numbers. The very poor weather in December will also have had some affect on production numbers. Mads expects the numbers to improve for January.

The overall GDP reports were also fairly good and what was expected. Countries like Spain performed better than expected with a result of 2% up. With Germany continuing to drive the Eurozone, Mads predicts a fairly robust growth in the Eurozone in the fourth quarter.

Furthermore, also in focus is a meeting of Europe’s Finance Ministers and any indications of increasing the debt stability of southern Eurozone members. While Mads does not foresee much news coming out of the event, he does foresee them discussing the Germany and France proposal to put in place a measure against debt increase to hopefully ensure a more harmonized corporate tax system in the Eurozone, despite other leaders not being completely behind this.

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Financial, Financial Information, Insurance, Insurance Services, Investment

Substantial Presentations on Insurance Trends, Emerging Risks and Pandemic Modelling Released by Actuary

Claude Penland, casualty actuary and webmaster, has produced at ClaudePenland.com/multimedia three informative PowerPoint presentations and videos foractuaries, actuarial analysts, underwriters, financial analysts, accountants, consultants, claims personnel and others in the insurance and reinsurance industries.

The first presentation, “10 Influenza Pandemic Models”, profiles models from the Society of Actuaries, Milliman, VirSim, Risk Management Solutions, Military Science, INFORMS, Los Alamos, open source alternatives and others.

The second is entitled “40 Insurance Trends for 2011”. Forty insurance trends are considered, including healthcare, health plan grandfathering, asset quality, Takaful, microinsurance, emerging risks, insurance industry job losses, predictive analytics use, as well as other global insurance and reinsurance trends.

The third presentation is called “10 Emerging Risks for Insurers and Reinsurers”. These risks include infrastructure, cyber attacks, space weather, nanotechnology and municipal bankruptcies.

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Banks, Bonds, Checking & Savings, Financial, Financial Services, ISAs, Mortgage, Personal Finance

Northern Rock Further Improves Its Award-Winning Mortgage Website

Northern Rock has further enhanced its mortgage website, less than six months after scooping a prestigious award for ‘best use of digital’, with the addition of a new video guide, to help home-buyers through the exciting but sometimes daunting journey of buying their first property.

Northern Rock’s mortgage website was launched in April 2010, and in September won the ‘best use of digital’ accolade at Communicate Magazine’s Digital Impact Awards 2010, held to celebrate excellence in digital stakeholder communications. The site was also named among the contenders for the Financial Services category of the British Interactive Media Association (BIMA)’s annual awards last year, and highly commended for best use of technology at the Mortgage Finance Gazette Awards.

A brand new, animated video guide has now been added to the website, to help steer customers step-by-step through the house-buying process. Using a simple 10-step format, each of the segments covers a different area of the house purchase journey, from setting an affordable budget at the outset, right through to exchange and completion.

The video guide adds a new dimension to the site which is already populated with useful advice and information for different mortgage customer groups. The site also includes a range of interactive tools such as a jargon buster, budget planner and overpayment calculator to help take the complexity out of selecting a mortgage and buying a home. The new guide should prove essential viewing for anyone facing the daunting prospect of looking for a first time buyer mortgage.

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Financial, Financial Information, Financial Services, Insurance, Insurance Services

Consumers Can Now Research Specific Providers in the New Reviews Section of CarInsuranceRates.com

Car Insurance Rates has eliminated the need for visitors to go elsewhere to research individual auto insurers online. The site has added an entire section devoted to insurer reviews to help inform visitors’ coverage decisions.

CarInsuranceRates.com (CIRS) has revamped its site to include a section dedicated to reviews of specific providers. Visitors can find information on most major carriers, including Allstate, Farmer’s, AIG, Nationwide, and more. The reviews include information on the carrier’s history, financial standing, reputation, and customer satisfaction ratings.

“After our visitors review car insurance rates on potential policies through our free quote-request system, they typically want to conduct research on individual providers to see which insurer is best-suited for them. Rather than having to go to several different sites to investigate prospective carriers, shoppers can now look up all the pertinent information they need by simply navigating to our new insurer review pages,” explained CIRS spokesperson Nathan Ackerman.

At present, nine reviews are available to visitors, and CIRS hopes to expand the section in the future as additional providers join its referral network. To access the reviews, visitors have only to click the logo of the carrier in which they are interested. The reviews are user-friendly, concise, and informative.

“The new review section is also part of our ongoing effort to make Car Insurance Rates a one-stop-shopping site for auto insurance coverage. These reviews don’t just contain information a consumer would find on the insurer’s official site; they also offer valuable policyholder satisfaction and financial rating information that may otherwise be hard to find. Thanks to this new section, our visitors can now visit only one site rather than dozens in comparison shopping for policies,” Ackerman added.

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Debts, Financial, Financial Services, Loans, Money, Personal Finance

Personal Cash Advance Emphasizes Secure Payday Loan Process

Online sites such as Personal Cash Advance offer a secure alternative in the cash advance industry. Company spokesperson Neil Cutting emphasizes the benefits of utilizing the growing Personal Cash Advance website.

“I am thoroughly convinced that it doesn’t get any safer than online cash advances, compared to the alternatives, Cutting said. “We take the time and effort to ensure that our customers receive a first-rate service all the way through.”

As good news about the economy continues to hit the daily press, Cutting foresees positive things in the future when it comes to personal loans. Additionally, most lenders affiliated with PCA will not require potential borrowers to complete a traditional credit check. Instead, the lenders will rely on other criteria, such as monthly income and employment status, to determine applicants’ eligibility.

“It’s one of life’s great ironies that the people who need to borrow money the most can’t get it because they’ve made a few mistakes with their credit in the past. Credit challenges can haunt a consumer for years and preclude applicants from qualifying for traditional bank or credit union loans. At PCA, we understand that a credit score isn’t everything, which is why we’ve broadened the options available to our visitors with imperfect credit,” explained Cutting.

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Banks, Business, Currency, Financial, Financial Information, Financial Management, Financial Services, Financial Software, Financial Solutions, Forex, Investment, Money, Profits, Trading

TradingFloor.com Releases Video on the German Economy

TradingFloor.com, the home of Saxo Bank’s trading commentary, financial research and analysis, has released the video ‘Why the German economy continues to outperform in Eurozone’.

Despite a minor correction in industrial orders in December, the German economy continues to stand out from the rest of the Eurozone members in terms of growth. In the video Mads Koefoed, macro strategist at Saxo Bank’s Tradingfloor.com, discusses the performance of Europe’s largest economy versus the 16 other Eurozone members.

Mads Koefoed discusses two main reasons why he believes the Germany economy is continuing to outperform other countries in the Eurozone. Germany is turning part of its foreign exports away from other countries in the Eurozone and towards Asia. While Germany still continues to do a lot of trade within the Eurozone, by turning to Asia, where more solid growth is taking place, it is doing better than other Eurozone countries that have not moved some of their trade overseas.

Southern countries such as Spain, Portugal and Italy have also seen higher cuts on public spending than have happened in Germany, meaning Germany should recover much stronger.

Mads is optimistic that the economic growth of Germany will continue throughout 2011 and hopefully into 2012, because while Germany is cutting costs, it is not doing it as harshly as other countries.

Northern areas of the Eurozone such as the Netherlands and France are expected to catch up with Germany first, though it looks doubtful whether the southern countries will make real advance any time soon. Mads mentions that other countries outside of the Eurozone, such as the UK, should catch up fairly quickly as well. While the UK may see a weak first half due to the rise in VAT and the public spending cuts, the second half of 2011 should see a strong rebound.

The Eurozone economy video is available to view on the Saxo Bank TradingFloor website.

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Costs, Financial, Financial Information, Money

Survey Shows Increase in Worries Over Finances and Jobs As Cutbacks Begin

Findings of new survey comprising of 2,000 people reveal concerns as increasing over finances, the economy and job security as Government Cutbacks start.

• Government Cutbacks worry 84% of participants
• 69% reveal they think the extent of the cuts are not being truthfully shared by the Government
• Concerned about the security of their jobs are 56%
• Expecting to be up to £300 worse off every month due to cuts are 77%
• Thinking the cuts by the Government will harm the economy are 50%

07 February 2011 – The new survey saw 2,000 people take part, and showed that due to local authorities getting rid of thousands of employees, inflation going up to 3.7% and unemployment rates in the UK going up to 2.5 million, many are getting rather anxious about the affects of the Government Cutbacks.

DiscountVouchers.co.uk is one of the nation’s top money saving website range, and were behind the national survey. They found that 84% were concerned about the cutbacks being made by the Government; whilst 69% did not really believe the Government is being honest about the depth of the cuts.

Simon Terry, Managing Director of DiscountVouchers.co.uk remarked, “There is a real sense of concern surrounding the Government cutbacks. We have seen that county councils are axing thousands of employees, and with the increase in inflation it is causing many to feel insecure and worried about the safety of their jobs and the state of their finances.”

The new national survey also found that each month 77% of participants are now expecting to be worse of by up to £300. 11% said they believe their figure will be up to £1000 and only 10% said they did not think their financial situation would be affected by the cutbacks.

Also, 50% said they were concerned about how the cuts will impact the security of their jobs. 63% said they worked in the public sector, or were aware of someone else who did, and were concerned about the future of their on-going position.

With many starting to be increasingly worried about their finances and jobs, the survey found many were deciding to delay buying expensive items and even put off major life changing decisions. For example: 40% are now postponing home improvement; 38% will now delay buying a new car or going on holiday; 22% said they will now delay moving house; 17% will not change their jobs at this time; 7% say they are now putting off having a baby; and 7% have decided to hold off on their wedding plans.

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Debts, Financial, Financial Services, Loans, Money, Personal Finance

Payday Express Launched A New Website To Improve The Customer Experience When Applying Online For Payday Loans

Payday Express, one of the UK’s leading online payday lenders, recently launched a new website to improve the customer experience when applying online for payday loans.

The company has redesigned its website paydayexpress.co.uk with the aim of making the online application process more straightforward and quicker than ever before.

A major part of the design brief also focused on transparency, as Payday Express aim to make their product offering and all charges as clear as possible upfront to customers looking for payday advance loans. Along with various articles providing general information, they have added a repayment calculator to the Home Page, allowing customers to see exactly what they’ll need to repay if they take out a loan.

The application process on the new website has been improved, enabling customers to apply for a loan and receive an approval decision within the space of a few minutes. The company, however, remains committed to responsible lending. Ashleigh Preston, Marketing Manager at Payday Express said, “Whilst we are focused on making our loan application and approval process as quick as possible, to meet our customers need for fast cash, we are also careful to carry out various checks to assess affordability. We also promote responsible borrowing from customers, encouraging them not to apply for a loan if they are not completely sure they will be able to repay it on payday.”

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Financial, Financial Information, Financial Services, Insurance, Insurance Services

Young Drivers Face Catch-22 Conundrum Reports Tiger.co.uk

The recent publication of The AA’s 2010 Insurance Premium Index has again highlighted the growing problem of increased car insurance costs for younger drivers. The Index estimated that insurance for 17-22 year old drivers increased by over 58% in 2010. This equated to a massive £829, increasing average premiums for this age group to over £2,250 – more than the cost of many first cars.

The team at Tiger.co.uk, a motor insurance comparison site, has highlighted another statistic about young drivers that also needs to be considered. The Motor Insurance Bureau (MIB) has estimated that 5% of motorists – over 1.2 million – are driving without insurance and 20% of these (243,000) are 17-20 year olds.

The same organisation estimates that the high level of uninsured driving has contributed towards the extraordinary level of inflation in car insurance premiums, adding about £30 to the cost of policies for legally insured drivers.

When viewed together these statistics lead to a worrying conclusion: as car insurance becomes increasingly unaffordable for younger drivers, so they may be increasingly tempted to drive without any insurance at all. This, in turn could lead to a rise in uninsured drivers’ compensation costs, again fuelling further increases in car insurance premiums.

A spokesperson for Tiger.co.uk commented: “The relationship between escalating insurance premiums and the growth of uninsured driving is inescapable. It could well lead to a “Catch 22” situation whereby having more uninsured drivers contributes to increased premiums causing drivers, particularly young drivers, to risk driving without insurance – which is of course a criminal offence. We would recommend that young drivers take the following steps to try and get cheap car insurance:

• Use car insurance comparison sites like Tiger.co.uk to make sure you get car insurance quotes and compare policies and get from a wide range of insurers.

• Consider taking the Pass Plus exam after passing your driving test – premiums can be reduced by up to 30%.*

• Have a look at ‘pay as you drive’ policies such as those offered by Insure The Box and Coverbox – both of which are available via Tiger.co.uk’s comparison service (the only car insurance comparison site to offer both of these insurance brands).

• Choose your car carefully – go for something in a low insurance group.

• Drive carefully and build your no claims discount as this can significantly reduce your premiums.”

The spokesperson also reminded young drivers shopping for cheap car insurance:
“Don’t be tempted to get an older driver to “front” your policy for you. This practice of having an older more experienced driver as the main driver on a policy is illegal and can lead to insurance being void.”

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Financial, Financial Information, Insurance, Insurance Services, Investment

Expanding Insurance News, Web Trends Website Announced at ClaudePenland.com

A rapidly growing insurance news and web trends website was recently created and launched at ClaudePenland.com. This six-month-old website was conceived by Claude Penland, an established casualty actuary with twenty years of industry experience.

Claude writes at least six times a day on the international business issues that he explores daily. These global topics include insurance news (4InsuranceNews.com), insurance startup companies (InsuranceStartups.com), insurance mergers and acquisitions (WhoBoughtWho.com), insurance trends (InsTrends.com), reinsurance news and trends (ReinsuranceTrends.com), web startups (1000Startups.com), web trends (WebTrendInfo.com), web development, pension risk (PensionRiskNews.com), catastrophe risk (CatRisky.com), Solvency II European insurance regulations (SolvencyDeux.com), Takaful (TakafulMe.com), predictive analytics (PredNews.com), risk management (TheRiskNews.com), odd business ideas (OddBusinessIdeas.com), plus finance and investment.

New topics are frequently added to ClaudePenland.com and there is an interesting quote posted every Friday (FridaysQuote.com). 27 separate RSS news feeds are offered.

On ClaudePenland.com/multimedia, informative PowerPoint presentations and YouTube videos authored by Claude Penland are often featured. These include diverse presentations on worldwide topics such as catastrophe risk trends, actuarial news, predictive analytics, the China/Hong Kong insurance markets, reinsurance, social networking startups trends, Solvency II European insurance regulations, Europe’s insurance markets, insurance startups, Bermuda’s insurance market, executive recruitment, the Takaful market, web trends, India’s insurance market, job hunting and technology, web development, insurance mergers and acquisitions, as well as pension risk trends.

All presentations are free to download and share. Claude’s “40 Web Trends for 2011” presentation was recommended highly recently at ClaudePenland.com/recommendations.

At ClaudePenland.com/salary-surveys, compensation surveys are provided pertaining to insurance and reinsurance C-level executives. These surveys were generated from publicly-available U.S. Securities and Exchange Commission (SEC) filings. They include property and casualty insurance (CasualtySalarySurvey.com), life insurance (LifeSalarySurvey.com), health insurance (HealthSalarySurvey.com), and also property and casualty reinsurance (ReinsuranceSalarySurvey.com).

Via EPR Network
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Financial, Financial Information, Financial Services, Insurance, Insurance Services

The Business Octopus Lends a Hand in the New Year with Cheap Office Insurance

In recent years there have been plenty of businesses and entire industries that have suffered as a result of the tough economic circumstances. Business insurance expert, The Business Octopus, is now urging firms to protect themselves by taking out office insurance and making sure there are no more unpleasant surprises.

The Business Octopus provides companies with a wide range of insurance services and operates across a large number of industries, offering everything from teacher and tutor insurance to retail, restaurant, bar and pub, and landlords insurance.

Taking out appropriate cover and having a safety net in the form of a business insurance policy can prevent businesses from losing money through accidents, damage and indemnity-related issues.

Speaking for The Business Octopus, Patrick Herdman said: “The rise in VAT and other cutbacks have hit many businesses hard and this is why as we strongly believe that all companies should have some form of insurance coverage, to prevent them having to shell out even more this year.

“Some industries may seem to be relatively risk-free, but incidents such as theft and disasters like flooding, can happen anywhere at any time. Making sure the company is protected and able to move on quickly from this kind of situation is something that should be on every business’ agenda”

‘Should your firm be giving advice in anyway, protecting yourself with a comprehensive professional indemnity insurance policy is important, with failure to do so leaving the company open to serious losses. Most industries and trades are covered by The Business Octopus and policies can be tailored to suit the company’s needs with a variety of bolt-ons to their standard business insurance policy.

Via EPR Network
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