Category Archives: Financial Information

Financial Information

Confused.com Reveals Slow Drivers Are The Biggest Frustration For UK Drivers

Confused.com has released new research which reveals that dawdling drivers are the top cause of irritation for UK drivers. The survey by the car insurance experts shows that over half (60%) of motorists experience an increase in stress levels and a heightened irritability when faced with a vehicle driving slower than the rest of the traffic.

In reaction to these slow drivers, almost half (45%) of motorists risk overtaking, thus increasing the chances of an accident. Research from the Department for Transport also reveals that 143 accidents a year are caused directly by slow drivers or “Sunday drivers” as they are known.

With little to prevent drivers from travelling too slowly, half of British motorists are supporting the idea to introduce the first ever ‘slow speed camera’ to the roads of the UK. The slow speed camera will specifically catch slow motorists, penalising them with a fine for driving slower than the minimum designated speed limit. This has come as a reaction to the fact that although minimum speed limits are enforced on some UK motorways, there are few preventative measures that are used widely.

Gareth Kloet, Head of Car Insurance at Confused.com said: “Slow drivers need to be taken as seriously as motorists caught speeding. Findings confirm they are a constant source of anxiety on UK roads and responsible for a large amount of accidents each year.”

Kloet continued: “We support the introduction of a programme of measures to eliminate this hazard as our research has highlighted that excessively slow driving is a real problem – the government introduced speed cameras and now even a super speed camera so should also consider the same rigour to combat slow driving as it could make a difference and help reduce motorists putting themselves or others at risk.”

The Confused.com car insurance survey’s additional findings also uncovered other solutions for limiting slow drivers. Suggestions included imposing a minimum speed limit on ALL British roads (37%) the introduction of a slow lane (26%), dedicated times for slow drivers to be on the road (15%) and even a warning badge system to be displayed by offending motorists (5%).

Peter Rodger, Chief Examiner from The Institute of Advanced of Motorists (IAM) supports the need for change on Britain’s roads. He said: “All forms of inconsiderate driving need to be tackled. Drivers who are unnecessarily excessively slow lead others to make rash moves.”

For more information on car insurance, interested parties can visit confused.com/car-insurance.

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MLDEX Market Development Training Program

The Market Development Training Program hosted by the Headquarters of the MLDEX, was held in Melbourne, Australia in the week of 12-19 June 2011.

This program was designed as a forum for the exchange of best practices in the development and regulation of capital markets presented through a series of lectures, roundtables and case studies. Senior experts from different International Regulatory Agencies and the Capital Markets Board (CMB), as well as speakers from the region shared their insights on capital market development, enforcement, and examination of market participants. The Program also explored responses to crises and market abuses, provided observations comparing and contrasting approaches by regulatory systems around the world, and highlighted international best practices.

The presenters used real-world examples of market abuse and inefficiencies to explore the regulatory, statutory, and other tools that capital market regulators need to address.

Besides CMB representatives, many international exchange representatives and market professionals attended the event that was also sponsored by MLDEX.

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Saxo Bank Wins Best Liquidity Distribution Service at the eFX Awards 2011

Saxo Bank, the specialist in online trading and investment, has won the “Best Liquidity Distribution Service” award at the annual eFX Awards 2011 hosted by FX Week in New York.

At the core of Saxo Bank’s offering is its White Label solution for banks that require a market leading on-line trading platform for their clients. The key benefits of the solution are:

– It facilitates ownership and control of banks’ relationships with their clients whilst maintaining full client anonymity from Saxo Bank.
– Access to a fully branded and customised trading solution.
– A facility for banks to distribute their own FX liquidity to their clients via the white-label platform.
– A multi-asset offering with more than 20,000 financial products, including FX, Stocks,CFDs and commodities.
– Flexibility and control allows banks to distribute liquidity from the asset classes with tailored commission pricing to their own clients, based on their own local and regional requirements.

For institutional clients, such as hedge funds and retail aggregators with sophisticated high trading volumes, Saxo Bank’s trading API compliments their needs by making its multi-asset product range available in the client’s own systems via a low latency VPN, standard FIX protocol API. The trading API extends Saxo Bank’s distribution services and makes available its range of FX crosses and order routing for CFDs, Stocks and Futures in the client’s proprietary systems.

The founders and co-CEOs of Saxo Bank, Kim Fournais and Lars Seier Christens said in a joint statement: “Saxo Bank acts as a facilitator linking liquidity from Tier-1-banks and access to over 20 exchanges across the globe to our institutional and retail clients via our integrated platforms. The award acknowledges this business model. It makes us very proud and we are honored to accept the award.”

Saxo Bank was also nominated for the “Best Retail Platform” award. The award was won by Citi. The CitiFX Pro platform is powered by Saxo Bank.

This year the awards were judged by industry experts, Joel Clark, Editor, FX Week, Justyn Trenner, Chief Executive, Client Knowledge, Sang Lee, Co-Founder and Managing Partner, Aite Group and Rob Daly, Editor, Sell-Side Technology.

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New Management Board Members of Melbourne Derivatives Exchange(MLDEX) Want to Establish Investment Culture in Australia

Australia does not have a traditional investment culture – neither for capital management, or financing nor for building retirement provisions by investing. More intense information activities, additional services and stepped up efforts to improve the tax framework will help to bring about a change in the coming years, was the message of the management team of Melbourne Derivatives Exchange, underlined by Henry Petterson, the President of MLDEX.

“In the future, we want to provide more trading services. To establish a culture of saving and investing more firmly in Australia – only a small percentage of monetary assets are invested in derivatives and investment funds, while the Asia Pacific Rim average is almost twice as the Australian one. Melbourne Derivatives Exchange would like to see more of an attractive framework for the tax advantages of investment participation schemes. A survey conducted by MLDEX among the leading 20 funds listed on the prime market in Australia revealed the need of individual investors and self-traders to participate with a bigger share in the market flow. The fund directors interviewed spoke out in favor of doubling the tax-exempt amount and a shortening of the holding period.

The goal of establishing an investment culture in Australia also requires the efforts of domestic investment banks. “At present, only one-sixth of the entire Australian fund volume is invested in close ended funds. We therefore appeal to Australian investment management companies to invest more in close ended funds,” said Petterson.

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Melbourne Derivatives Exchange launches new index: CDEX

Melbourne Derivatives Exchange launched the CDEX. The index is weighted according to certain fundamental ratios and made up derivatives in the Australian Trading Index, the leading index of Melbourne Derivatives Exchange.

In contrast to the Australian Trading Index, the weighting of the commodities in the CDEX is not based on market fluctuation, but rather on a factors computed by the Melbourne Derivatives Exchange taking into account fundamental ratios: supply and demand on the medium to long term, net growth and market exposure to other factors. The CDEX is calculated and published in AUD in real time. It has been designed as a tradable index that can be used as an underlying for structured products and standardized derivatives. The calculation parameters are reviewed on a quarterly basis and the index composition is checked, and if necessary adjusted, analogously to the Australian Trading Index in January and June of each year.

With the launch of the CDEX, the Melbourne Derivatives Exchange has once again shown its internationally recognized competence in the area of indices and its skill in responding to market demands. With the CDEX, the range of index products now comprises a total of 36 indices, with 12 of them tracking national, regional or sector-related developments in the Asia Pacific region. Meanwhile, the majority of all structured products with a reference to Asia Pacific are based on the indices produced by the Melbourne Derivatives Exchange.

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Admiral Reveals More Than A Quarter Of Motorists Admit To Drink Driving

Admiral, a leading car insurance expert, has revealed worrying new research that suggests the number of people drink driving has risen in the last year. It found that 28% of motorists have driven their car in the knowledge they were over the legal alcohol limit, up from 24% in 2010.

Admiral commissioned YouGov to survey 2,500 drivers for the annual Admiral Survey of Motorists, which includes questions about drink driving. With summer in full swing and the temptation to drive after a few drinks in a beer garden or at a barbecue high, the results raise concerns that the anti-drink driving message is failing to hit home.

Many motorists still believe a few drinks before getting behind the wheel won’t hurt. So while nearly half of those questioned said they would only consider themselves safe to drive after drinking no units of alcohol, one in ten said they think they are still safe after drinking three or more units.

When it comes to gender, men appear to be far more likely than women to drink and drive. 37% of men said they have driven while over the limit, compared with 16% of women, and 16% of men said they think they are still safe to drive after three or more drinks, compared with just 1% of women.

Roger Singer, head of road safety charity DDE+, gave his thoughts on why drink driving is such a concern in the summer: “Firstly, and it seems too simple, it’s warmer, so try not to drink alcohol for thirst – have a pint of squash first and then savour that pint of lager or glass of wine at a more leisurely pace.

“Secondly the drinking episodes can be longer, we start stoking up the lunch-time BBQ about 11am on Sunday morning sampling the bottled lager to make sure it’s up to standard at the same time. We’re finishing the last of the Rosé as we are clearing up at midnight. Without realising it we’ve consumed a total of 29 units – it’s only a beer or a glass of wine an hour but it means we won’t be able to drive till 4pm Monday.”

Another major risk highlighted by Admiral’s research is the number of people who admit they have driven the morning after drinking heavily the night before. Nearly a quarter of motorists admitted they have done this while they suspected they were over the limit, while a further 16% are unsure if they were safe to drive.

Sue Longthorn, managing director of Admiral, said: “These statistics are a real concern; the number of people who say they have driven while over the limit is up from last year and stands at nearly three out of ten motorists. We just want to highlight these figures and point out why it is never worth the risk.

“Motorists who get caught drink driving could also find it difficult to get insured. They will at least find their car insurance premiums have increased, and this increase could be significant, and in some extreme cases they could even be refused insurance completely.”

More information on this and the rest of Admiral’s Annual Survey of British Motorists can be found at www.admiral.com/surveyofmotorists.

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Saxo Bank Launches New TradingFloor.com

Saxo Bank, the online trading and investment specialist, has announced the re-launch of TradingFloor.com, its trading commentary, news and analysis web site. It represents the first upgrade since the site was originally launched mid-2009.

The new site still provides a wealth of information about financial markets to help users make informed decisions when investing. Specifically it covers forex, equities, commodities and macroeconomic data, but it now also reflects the overall goal of building a closer rapport with users to allow for greater engagement and more interaction.

“The new release signifies Saxo Bank’s ongoing commitment to improving the site’s value to clients, prospects and the Bank,” said Hugh Taggart, the head of Saxo Bank’s Content & Strategy Team. “The upgrade also represents the start of an ambitious roadmap to include closer integration with social media channels.”

Some of the improvements include:
– User accounts, a unique user log-in function allowing users to create their own customised dashboards, set and save their interests (including following individual blogs and authors and linking their Twitter accounts) and comment on and ‘like’ content
– Refreshing new branding and overall design
– More analysis from a wider range of sources, including qualified guest contributors
-Educational content on forex, forex options and (CFDs) from Saxo Bank and its trading staff
– Improved content RSS/Atom feed capabilities

The new TradingFloor.com still contains an economic calendar, stock screener and basic free forex charting package.

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Confused.com Sees 2000% Surge As Customers Flock To Save Money On Energy

A surge in energy prices announced by British Gas within the last few days has prompted a 2000%* jump in visits to comparison site Confused.com as customers rush to save money. People are flocking to the price comparison site to find the best deals and avoid the price hikes.

Confused.com Chief Marketing Office, Mike Hoban said: “At a time when utility suppliers are reporting record profits and massive price rises, consumers are voting with their laptops and looking for the cheaper deals.”

Confused.com also offers popular hints and tips on how to reduce energy used around the house, as well as an impartial comparison service which makes it easy for people to shop around and save on gas and electricity bills.

British Gas is the second of the Big 6 to announce gas and electricity price rises. Gas prices are set to increase by an average of 18%, electricity by an average of 16%, effective from 18 August 2011. This increase means around £190** will be added to the average household bill for the customers affected.

Lisa Greenfield, energy analyst at Confused.com commented on the price rises:
“Struggling households will be dismayed by this news, and as British Gas is the largest supplier in the UK, many families will be hit hard.”

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Business Monitor International Release Latest Report On The Greek Infrastructure

Business Monitor International has announced the release of its newest report, which examines the state of the industry infrastructure in Greece.

This is currently a turbulent time for Greece’s economy, as there have been protests about tax rises, job losses and a number of strikes at power plants. The impact of fluctuations in the infrastructure market is likely to be felt in Greece’s construction industry which is currently struggling to cope with reduced demand for its services.

Business Monitor International’s report covers all the major areas of the infrastructure sector including transportation, energy and utilities; analysis of the latest industry trends and prospects; and competitive intelligence on leading construction companies. It also features BMI’s market assessment and 5-year forecasts to end-2015 covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report also analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on multinational and national contractors and suppliers.

BMI’s previous outlook for the Greek energy and utilities market predicted that the market was in decline and would continue to decline. The Greek parliament is due to vote on the government’s latest round of spending cuts and tax rises. Spending cuts are likely to hit the infrastructure industry hard as the industry is reliant on growth and investment which is likely to be reduced as part of the proposed spending cuts.

The Infrastructure report enables industry professionals, strategists, sector analysts, investors, trade associations and regulatory bodies to evaluate and better manage the risks, and exploit business opportunities, in global infrastructure markets. BMI’s analysis of the situation and forecasts for the future offer insight for those looking to manage risks or considering investment.

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Business Monitor International Releases Report On Russian Food And Drink Market

Business Monitor International has released its latest report examining the state of the food and drink market in Russia.

BMI provides reports covering various sectors and geographic locations, and key food and beverage trends. This report is its latest signification product release for Q3 2011.

The BMI reports on food industry trends are designed to enable manufacturers and suppliers, grocery retailers, consultants, policy makers and regulatory organisations to identify international growth opportunities, evaluate risks and opportunities in global food, drink and retail markets.

According to this latest report, Russian food prices which have seen some easing in recent months, may be about to start rising as the recent ban on grain exports, which was put in place to keep domestic food prices down following droughts, gets lifted.

The report concentrates on industry-specific regulatory environment and highlights recent issues with fruit and vegetable imports from the EU, which have also provided a temporary boost for the Russian domestic fruit and vegetables industry.

The Russia Food and Drink Report also analyses the implications of the latest industry and macroeconomic developments like the effect of the import ban imposed by the Russian government following the E.coli outbreak in Germany which resulted in 38 deaths and affected thousands of people. Russia’s food safety watchdog is currently analysing the issue to determine what additional measures it should take to guarantee the safety of products imported to Russia from the EU.

As the key to ensuring effective business management is to be able to manage risk and exploit the available business opportunities, BMI believes that the information in this report will prove to be an invaluable aid to a wide range of global industry professionals working in the Russian food and drink market.

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Standard Life Charitable Trust and Shelter Partner To Help People In Need Of Financial Advice

The Standard Life Charitable Trust is providing funding to housing and homelessness charity Shelter for three telephone advisers at the charity’s housing advice lines in England and Scotland.

Shelter’s housing advice line provides support to those who are in debt and behind with rent and mortgage payments, as well as offering advice on a range of other issues including eviction and repossession. The helpline gave advice to almost 50,000 people across England in 2010 alone.

A recent survey by Shelter* showed that more than one in ten (11%) people face a constant struggle to pay their rent or mortgage. With unemployment high, the cost of living increasing and the possibility of a rise in interest rates ahead, more and more people are contacting the charity for help to manage their finances and stay afloat. In the first three months of this year Shelter saw a 30 per cent increase in calls to its helpline.

The Standard Life Charitable Trust is an independent charity established in 2009 by leading long term savings and investments company, Standard Life, and is focused on supporting people most in need of help managing their finances.

The Trust’s donation will fund three full-time telephone advisers at Shelter’s helplines until May 2012 allowing the charity to reach an additional 7,300 people with housing advice.

Shelter’s chief executive Campbell Robb said: “In these uncertain economic times many people are struggling to make ends meet and more and more are coming to Shelter for help.

“Thanks to this donation from the Standard Life Charitable Trust we will be able to reach even more people. Our advisers can stop things from spiralling out of control and help people get back on their feet.”

Baroness McDonagh, Chair of the Standard Life Charitable Trust said: “The Standard Life Charitable Trust is focused on supporting groups who could benefit most from help and advice to improve their financial capability. We are delighted our donation will fund additional Shelter advisers so they can help more people who are at risk of losing their home, many of whom are experiencing severe financial problems.”

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Saxo Bank Launches SaxoTrader 2.5 with Improved Navigation and Position Management

Saxo Bank, the specialist in online trading and investment, has announced the launch of SaxoTrader 2.5, the latest update to its multi-asset class trading platform. The new version includes improved navigation and added features to manage positions and orders, and is available to customers from July 2011.

Saxo Bank has replaced the old SaxoTrader menu with an intuitive, easily navigable ribbon-style toolbar. The menu items are now grouped by function which takes up less screen space whilst making the breadth of functions available more accessible and simple to use. “News and Research” as well as “Account” tabs enable users to easily access all the information they need. In addition, new product icons clearly differentiate the various products tradable on the platform.

Enhanced position management features include a module allowing users to view and manage positions and related orders in one integrated workflow. This enables to flexibly close positions, set stop and limit orders, and provides users with a customisable display of all open and closed positions. A heatmap visualisation gives them an additional instant overview of the performance of their positions.

Henrik Dyrholm Holst, Head of Platform Management at Saxo Bank, commented:
“SaxoTrader 2.5 is designed to make trading even faster and more efficient. Nowadays, traders demand intuitive tools that are rich in data and analytics. SaxoTrader is a multi-asset trading platform with a specific set of tools for each asset class. We have therefore focused on making the trading experience for all types of traders as positive and intuitive as possible, and clearly guide users through the broad range of features on the platform.”

This latest release is a subset of the functionality Saxo Bank will be adding to SaxoTrader. The Bank will continue to upgrade the platform in phases this year.

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Saxo Bank Wins Two Awards At The World Finance Foreign Exchange Awards 2011

Saxo Bank, the specialist in online trading and investment, has been named “Best Forex Broker in Northern Europe” and “Best White Label Solution Provider” in the World Finance Foreign Exchange Awards 2011. This accolade acknowledges Saxo Bank’s position as an established FX house and its leading role in the foreign exchange market.

Kim Fournais and Lars Seier Christensen, founders and co-CEOs of Saxo Bank, said in a joint statement: “We are delighted that Saxo Bank has won these two awards. Modern traders and investors demand usability, mobility, performance, and service when executing online trades, all of which we will continue to provide our clients with.”

Saxo Bank, which is renowned for aggregating liquidity from the world’s leading FX dealers, facilitates Forex trading on three different online platforms, covering the needs of those who are new to the Forex markets as well as professional investors who demand a wide selection of trading instruments and a variety of product types for multi-asset portfolio creation.

Saxo Bank’s many years of experience in the online trading business and accumulated knowledge of the markets as well as the needs of clients translates into a proven success formula for completely scalable White Label solutions. The solution is built around a customised version of Saxo Bank’s award-winning platform and then branded under the White Label Client’s name.

The World Finance Awards are chosen by an expert panel. They identify industry leaders, individuals, teams and organisations that represent the benchmark of achievement and best practice in the financial and business world. Now in their fourth year, the awards reflect a wider spectrum of financial services and related industries than ever before.

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Confused.com Reveals Big Rise In Prices For New And Learner Drivers

Confused.com has revealed that newly qualified drivers can expect to pay around £2,000 or more to insure a small hatchback this year as the cost of insurance continues to soar.

This time last year the cheapest premium for a new driver insuring a Ford Ka for a year came in under £900. Now the best quote for a newly qualified driver wanting to insure a Ford Ka has soared to more than £1,900, according to consumer research by the popular comparison site Confused.com.

The Fiat 500 Pop now tops the list of most popular vehicles for a newly qualified driver, based on 6 months of quotes from Confused.com during the first half of 2011. Unfortunately, for many newly qualified drivers it will cost more than £1786 to insure it. The Fiat 500 knocks last year’s favourite, the Vauxhall Corsa, from the top spot, becoming the most popular choice in this Confused.com study of learners and drivers who passed their test within the last 12 months.

Confused.com’s head of car insurance, Gareth Kloet said: “The Fiat 500 is a new favourite with freshly qualified drivers – this model didn’t appear at all in the Confused.com top ten for new drivers last year. The popularity of these cars may have been led by their use by many driving instructors, and also by the relatively cheap insurance cost compared to other small cars.

“Getting reasonably-priced car insurance can be a nightmare for younger drivers but 50% of under 25s could save up to £571 on car insurance* premiums by using Confused.com to find the best deal. With rising premiums it’s more important to compare prices now than ever before.”

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Saxo Bank’s ForexTrading.com adds new product offerings

Saxo Bank, the online trading and investment specialist, has announced the addition of 12 CFDs on major stock indices and 7 commodity CFDs to its ForexTrading.com platform for private traders.

ForexTrading.com was launched by Saxo Bank in early June 2011 and provides traders with browser based and downloadable trading platforms, supporting a range of the world’s most liquid forex, and CFD instruments at competitive spreads.

Claus Nielsen, head of markets at Saxo Bank, said: “The addition of stock index CFDsand seven further commodity CFDs to ForexTrading.com now enables private investors to trade in the most liquid contracts across a range of asset classes. The majority of clients use ForexTrading.com as a no thrills account to trade currencies, however we want to make sure that they have the opportunity to leverage the opportunities they see in other asset classes.”

“We expect dedicated index and commodity traders to enjoy the tight spreads for the CFD indices. The indices are priced competitively with the UK 100 and Germany 30 indices spread going as low as 1 point and the US SPX500 as tight as 0.75 points.”

The minimum initial deposit when opening an account with ForexTrading.com is $2,000 or equivalent, and no interest will be paid on funds on deposit. ForexTrading.com supports retail trading accounts and offers support and service in English.

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Confused.com designs new pothole warning sign

Confused.com has designed a new road sign, specifically to alert road users to the UK’s two million potholes*. The road sign is the first of its kind and the car insurance expert is petitioning to urge the Department for Transport to introduce it to roads across the UK.

A constant source of frustration for drivers, the sign has been developed in response to recent findings that even with sufficient budgets; it would take councils at least 11 years to repair the UK’s damaged roads**. With this in mind, 82% of drivers would like to see a road sign dedicated to potholes.

Mike Hoban, chief marketing officer at Confused.com said: “Although repairing these roads is obviously the long term solution, something needs to be done now. Currently the UK’s road signs include warnings for wild horses, wild animals, cattle and even toads but potholes aren’t considered worthy enough? A pothole road sign is a vital step in preventing accidents and reducing insurance claims whilst road maintenance continues.”

The road sign design was inspired by local pothole crusader Ted Relf, a plumber from Kent, who made national headlines in April 2010 when his home made warning sign against potholes was removed by the local council.

Ted Relf commented: “We all moan about potholes and now we have the chance to do something about them. I created my own pothole sign last year because I was concerned for the safety of drivers on my road. I fully support the introduction of an official pothole road sign and urge the nation to sign the petition at Confused.com.”

The pothole road sign has been produced in accordance with the signage guidelines set by the Department for Transport and is the brainchild of Phil Baines from Central St Martins, University of the Arts London. Baines, designer and signage expert, added: “Warning road signs are there as a safety measure to warn drivers of potential dangers, and potholes certainly fall within that category. Given the scale of the current problem I would welcome a specific pothole sign being added to the Traffic Sign Manual.”

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Russell Investments launches new online information suite

Russell Investments has launched a new dedicated website specifically for retail financial advisers.

The new online portal, available direct from the Russell Investments UK homepage, brings together the most relevant investment information from Russell’s extensive range of detailed and unbiased industry analysis and allows financial advisers to cut through the noise to hone in on the topics which are important to them.

Alongside this, advisers will be able to quickly navigate through Russell’s tools and investment services which can help them get under the bonnet of its funds, build and manage client portfolios, and enhance the value added to clients’ investments.

Adviser visits to Russell’s website have tripled since its launch in March which is a clear indication that the provision of online help and support is increasingly vital.

Danny Callaghan, head of IFA sales at Russell Investments, said: “Financial advisers need support so they can spend their time generating value for their businesses, and advising their clients. They are bombarded with news and investment information from a variety of sources and it can be difficult to steer a course through the content and find the relevant pieces.

“Russell has teams of experts across a wide range of investment capabilities and they regularly produce insightful and impartial commentary – so we have made advisers’ lives a bit easier by consolidating this into one place alongside the tools they need to help provide the best investment advice for their clients. We want to help them spend as much time with their clients and less time searching for information and support – our new online information suite does that.”

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elephant.co.uk reveals young men have more expensive car crashes

elephant.co.uk has revealed that while many men like to think they are the superior gender when it comes to driving, new research from the car insurance specialist shows men have bigger crashes that cost more money than women.

elephant.co.uk looked at more than 200,000 claims and found young men in particular have more expensive crashes. Accidents involving men aged under 25 cost on average 15% more than those involving women of the same age. In fact, the cost of accidents involving male drivers of all ages is 6% higher than accidents involving women.

To help improve the driving ability of both men and women, elephant.co.uk has joined forces with Fifth Gear’s Tim Shaw and made three short films which can help any motorist learn how to drive like a professional and control their car should they get into trouble.

The insurance videos (http://www.elephant.co.uk/drivelikeapro) contain tips and advice from a professional driver and reveal how to manage a car if it begins to skid, how to corner safely and why vision is so important when it comes to reacting quickly and braking in a safe manner.

elephant.co.uk managing director, Brian Martin, said: “Since passing our driving tests most of us might have picked up some bad habits and probably don’t give too much thought to improving our driving skills. But driving well can mean more than just keeping out of trouble on the roads.

“At a time when most of us are trying to save money, as well as demonstrating how best to control your car, our films also reveal how smooth and efficient driving can help your car perform at its peak and be more cost efficient.”

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Saxo Bank Stays With Riis Cycling in 2012

Saxo Bank and Bjarne Riis, owner and manager of Riis Cycling A/S, have announced that Saxo Bank, a sponsor for the cycling team since 2008, will remain co-title sponsor in 2012 with SunGard, one of the world’s leading software and technology services companies.

Bjarne Riis said: “It is indeed a great day for our cycling team. Saxo Bank is an extremely professional company, so I am proud that Saxo Bank has a strong faith in our work and continues to see the commercial benefits in sponsoring our team.”

“Since 2008 we have shown in both words and actions that we are a great match, and I am convinced we will continue to grow together because of the obvious benefits in a long term relationship. The continuity in our partnership also means a lot for the riders and for me personally. Now we can focus all our attention on creating results and the working process of putting together a strong rider group for next year.”

Saxo Bank, the online trading and investment specialist, recently launched Saxo Privatbank, combining traditional banking services with a professional investment universe, and the bank says it has taken a strategic decision to continue the sponsorship in 2012.

In a joint statement, Kim Fournais and Lars Seier Christensen, co-CEOs and co-founders of Saxo Bank, said: “Saxo Bank has always believed it was a sound commercial decision to support Bjarne Riis and the rest of the team but at the same time, it is hard to exaggerate the impact Bjarne Riis has on Danish and international cycling. We have a genuine desire to support Bjarne and provide the team with the necessary resources it takes to stay on top. Bjarne Riis and the team are a huge inspiration and motivation for many young talents, and Saxo Bank is proud to continue to ensure a world class cycling team in Denmark.”

The name of the team will remain ‘Saxo Bank-SunGard Professional Cycling Team’.

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Vebnet Announces Partnership With vielife

Vebnet has enhanced its employee benefits, offering to allow global access to an online health and wellbeing solution, by partnering with employee health solutions specialist vielife.

Employers using Vebnet’s reward and flexible benefits technology can now offer their employees a personalised, multi-language and interactive health and well-being service through vielife Online. The service lets employees measure and monitor their sleep, stress, nutrition and physical activity levels and encourages them to make healthier lifestyle choices, while helping employers to improve employee engagement and combat reported rises in sickness absence.

Employees start by taking an online assessment. This forms the basis of a personal report which identifies any areas of concern in their lifestyle and gives practical advice on how to address them. The recommendations can also be tailored to help employees make the most of the benefits their employer provides. Employers can also build lifestyle communication programmes to support employee engagement and employees can regularly re-assess themselves as their lifestyles change.

For Vebnet, part of the Standard Life group, the partnership with vielife provides a multi-modal health and wellness platform that is integrated within its own global employee benefits and reward portal. Importantly, vielife Online’s management reporting capabilities can help employers pinpoint specific staff health and wellbeing issues, creating highly targeted corporate employee health and wellbeing strategies strategies which in turn lead to greater employee engagement with Vebnet’s technology and higher solution return on investment.

Mike Beason, managing director, vielife, said: “As the population ages and organisations downsize to cope with economic pressures, more employers will start taking an interest in the health and wellbeing of their employees.

“Our technology provides a platform for global businesses who want to help their workforce make healthier lifestyle choices. Wellbeing is no longer perceived by employers as just another company perk, rather it’s a highly effective channel for increasing productivity, reducing sickness absence and improving job satisfaction.”

Richard Morgan, director of consultancy, Vebnet, commented: “Our reward and flexible benefits portal is already helping employers to enhance their total employment proposition and this latest addition forms the cornerstone of creating a joined up approach to health and wellbeing strategies.

Via EPR Network
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