Category Archives: Personal Finance

Personal Finance

Confused.com Reveals The Extent Of Poor Driving Habits In The UK

Confused.com has revealed shocking research showing the extent of driver habits on UK roads, with a range of behaviours admitted.

Apparently some drivers across the UK are getting in the driving seat wearing nothing more than pyjamas and with their feet clad in just their slippers or even barefoot. Applying make-up is another part of the morning routine which some women leave until they are actually driving the car: 1 in 10 women put make-up on and drive at the same time and 15% of men have had a shave while driving.

Car insurance experts at Confused.com are warning drivers to wake up to the potential danger of inappropriate footwear and dangerous driving habits, and advising drivers to keep a pair of sensible ‘driving shoes’ in the car for safety.

Wearing high heels behind the wheel is not uncommon with 40% of women admitting this and 46% of us admit to eating and driving at the same time. 47% of men and 18% of women are checking out other drivers to see if they are attractive as they motor along and 49% of men pick their noses and drive at the same time, which apart from being disgusting means their hands are not on the wheel. Similarly, almost half of us (49%) regularly change the music while we are driving.

18-24 year-old men (40%) and 25-34 year old women (47%) are the most likely to wear flip flops to drive but the main slipper wearers are the 25-34 year-old men (14%) and 18-24 year-old women (21%). Over 55s are least likely to wear slippers or flip flops to drive and women driving in high heels peaks at 25-34 years old with half of women in this age group admitting to driving in heels.

Head of Car Insurance at Confused.com, Gareth Kloet commented: “It’s not against the law to drive in your pyjamas or pick your nose at traffic lights but any behaviour that could cause you to drive without due care and attention should be avoided. Wearing inappropriate footwear could cause the driver to lose control of the car and so we’d recommend keeping a pair of suitable shoes in the car to avoid any crashes. Look at your feet; if you are wearing shoes which you would not wear for a driving test then you probably shouldn’t wear them to drive either.”

Julie Townsend, Deputy Chief Executive at Brake, the road safety charity, also voiced her concerns: “It’s deeply worrying that many drivers have such little regard for their own and others’ safety that they will apply make-up, shave and eat at the wheel, or wear unsuitable footwear. Driving is a responsibility that needs to be taken seriously and given your full attention. We all live hectic lives and people often feel cocooned in their vehicles, but we need to bear in mind that a lapse of concentration at the wheel can lead to needless tragedies.”

Via EPR Network
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Confused.com Reveals Careless Car Parking Has Led To £1.3bn Worth Of Damage

Confused.com has revealed that careless car parking has led to £1.3bn worth of damage*. An alarming 1 in 6 drivers would never leave insurance details if they pranged another car, and 45% would only consider it if the accident looked serious. To combat the problem Confused.com is announcing a campaign to promote Car Parking Etiquette.

When it comes to car park scrapes, the nation’s lawyers are amongst some of the worst offenders, with more than 1 in 4 (26%) admitting to having committed a prang and run. Also well above the average are those working in property with 1 in 3 choosing to go without leaving their insurance details.

Teachers lead by example and are some of the least likely to be guilty, with less than 9% committing prang and runs. Those working in environmental services prove that they really are more considerate to others – only 8% have left the scene of a scrape.

The research also shows that men are more likely to have a car park prang than women, with nearly 20% having scraped another car compared to only 15% of women. Not only are men more likely to be driving carelessly, but they also admit to it. 1 in 5 men blame their own careless driving for a car park accident, compared to women who would rather blame the stingy sizes of the UK’s car park spaces (42% of women against 33% of men).

Those who have been driving the longest behave the most responsibly in car parks, with more than 50% of over 55s always leaving insurance details compared to only 30% of 18-24 year olds.

For all those drivers who prang and run, the most likely reason is embarrassment (31%). This is closely followed by drivers who blame financial implications (30%) for their lack of honesty. As car insurance costs continue to rise, it’s no surprise that drivers are determined to hold onto their no claims bonuses.

“To encourage some honesty and car park etiquette”, said Gareth Kloet, Head of Car Insurance at Confused.com, “we are offering visitors an ‘If you bump me, don’t run, be nice and leave your number’ sticker for your car window, to encourage others to leave their details if they bump your vehicle.” The sticker can be downloaded from www.Confused.com/car-insurance/car-parks.

65% of motorists blame their car park frustrations on the small size of parking bays, with nearly half (41%) finding the amount of pillars in car parks the reason for their bumps and scrapes. Only 1 in 10 drivers find parking in car parks easy but this problem is exacerbated by the trend for bigger cars. Whilst the typical family car has become more than a foot wider over the past 50 years**, the industry standard for the car parking space is 2400mm x 4800mm has not changed.

“Motorists should be extra vigilant in car parks, taking into account the size of our cars compared to the average size of parking spaces,” said Kloet. “This is even more reason to respect other drivers, to confess to any prangs and to exercise Car Parking Etiquette to help other drivers.”

Via EPR Network
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Standard Life Reveals “Don’t Spend What You Don’t Have” As Top Money Saving Tactic In UK

Research carried out for Standard Life suggests that, in the last three years, 5.3 million additional UK adults* have started adopting money saving habits, such as reviewing their utility providers, going online to find the best deals and using online voucher codes to save money. According to Standard Life’s ‘Financial Efficiency’ research, the recent downturn has now encouraged more than nine out of ten (91%) of us to engage in financially efficient behaviours.

But the most popular tactic, adopted by three in five people (57%), is a common sense approach – avoid spending what they don’t have and running up a debt on credit and store cards. Around 6.1 million more people are making sure they “don’t spend what they don’t have**”.

The research also shows that half of the UK (50%) regularly makes sure they shop around for the best prices at places such as the supermarket. Looking at those adults who could recall their habits three years ago in 2009, an increased number have turned to online voucher codes and loyalty cards to save money, and have also started budgeting. A third of people in the UK (30%) now set a weekly or monthly budget; up from only one in five (22%) saying they did so in 2009.

Yet the findings also suggest that in the last three years, there has been no change in the number of people seeking financial advice (8%) and only one in six (17%) is currently planning their finances to make the most of tax breaks from products such as stocks and shares ISAs and pensions.

Commenting, Standard Life’s Julie Russell said: “The results show just how well many of us are doing when it comes to setting budgets, shopping around and genuinely looking to get the best out of our money. And it’s great to hear that so many more people are determined not to run up card debt.

“Our research also shows that only a few of us are being quite so savvy when it comes to saving. That’s perhaps unsurprising in the current climate when the focus for many is on paying down debt and making ends meet. But that’s also why it’s so important to make sure we are getting the best returns on anything we are actually able to save. That means using ISAs which are really tax efficient, and not missing out on tax breaks offered by private pension contributions, for example. Efficiently managing whatever we are able to save can make a huge difference to both our weekly budget and our long term plans.”

Via EPR Network
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Standard Life Launches Ground-Breaking Corporate Investment Range

Standard Life has launched a new range of investments for corporate pension schemes aimed at making it easier for employees to select an investment strategy to suit their individual needs and attitude to risk.

The two new risk-based fund ranges, built on the success of MyFolio, are specifically tailored for the corporate pensions market and introduce new auto-enrolment default options, addressing the challenge of meeting the diverse needs of a workforce

Ann Flynn, Head of Corporate Marketing said: “Over the past two years we have been conducting extensive research with advisers, employers and employees. The employee’s investment choice, and lack of engagement in it, has been an issue the industry has been wrestling with for many years.

“The majority of employees are invested in the default fund and that’s why default strategy needs to be able to meet the diverse needs of a workforce. We’re now excited to be launching a range of investment solutions which addresses this challenge head on.”

Key findings of the research include:
– Employees find a wide range of investment choice confusing however there is still a demand to have some level of choice.
– Employees want a level of risk and return which is right for them but managed by experts.
– Employers simply want better outcomes for their employees within a strong governance framework, with competitive charging and minimal risk.

Flynn added: “Against a backdrop of negative pension stories and turbulent stock markets, employees tend to have a very low tolerance for taking investment risk with their pension and understandably so. However for many, a level of risk is needed to help generate the returns to achieve a decent standard of living in retirement.

“Our new range will help employees identify their attitude to risk through a simple questionnaire and align themselves to a strategy that best fits their needs. The information will be presented in a way that keeps it simple and shows them at a high level what they are investing in. However, they will also be able to ‘look under the bonnet’ if they want to. The risk-based range will be dynamically managed by internal and external experts who will monitor and adjust asset allocation to optimise performance.”

Key features and benefits of the range include two new risk-based ranges, Passive Plus and Active Plus, specifically for the corporate pensions market to complement the MyFolio Managed funds. A new life styling approach allows the underlying funds to be changed as necessary to help future-proof the investments while the Vanguard index-tracking funds, added in December 2011, will complement the BlackRock index-tracking range.

Employees will be able to easily identify their risk appetite and select an investment strategy to meet their needs and risk-based funds will be actively managed to help optimise returns. Moreover, employees will be offered clear options, based on how ‘hands on’ or ‘hands off’ they want to be with their investment selection and the new range provides employers and trustees with the flexibility to support a broad demographic. Advisers will also be able to recommend from an ‘off the shelf’ package of investment funds or design bespoke solutions for their clients.

Via EPR Network
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Brand New Media Launch For UK’s Quick Term Loan Website

Currently one of the main UK’s short term loan obtaining web sites is very happy to declare the release of its completely new website design to the general public.

Payday Loans UK are actually stoked by the news. Having worked with a leading Midlands based development team in Forme Creative to design a fresh appearance for their site which will render the process of applying for a payday loan easier still and will make the charges involved less complicated for consumers to comprehend whilst, at the same time offering the website an effective new personality and branding.

The web sites manager Russ Beech stated “ We certainly have worked hard to develop the new internet site to be as user friendly as it can be. Our company want to slowly but surely develop into one of the UK’s top information and facts websites intended to help consumers looking to make an application for online payday loans.”

“Working together with Forme has been exceptional. Our previous website ended up being very fatigued and wasn’t so simple for people to work with so we offered the creative artwork team a brief to generally chop all the fuss and hassle out of obtaining a cash advance and now we are delighted with the final outcome.”

The brand new Paydayloansuk.org.uk website is presently exiting development. The soft launch is predicted to go live on the Fifteenth March 2012 together with the final launch which you can follow on the Nineteenth following the short bug repairing stage we will need to undertake.

Pay Day Loans UK provide a no cost financial loan acquiring service. They have access to more than 30 United Kingdom financial lending institutions. Their website engineering compares an candidates requirements to the different considerations of lenders to help enhance a prospects potential for being approved for the money that they require.

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Payday Express Sponsor Employee To Do NSPCC Gherkin Challenge

UK payday loan lender Payday Express has sponsored a staff member to take part in the NSPCC Step Change 2012: The Gherkin Challenge.

Marketing assistant at Payday Express, Cigdem Husseyin, took part in the challenge on Sunday March 4 to raise money for ChildLine, where last year counsellors at NSPCC responded to about 670,000 calls and online communications from children in distress.

All participants raced up 1,037 steps over 38 floors in the iconic London building that has been nicknamed The Gherkin.

Cigdem wanted to take part in the NSPCC Step Change challenge as she felt it is an incredible charity, and one that she has always supported.

“I admire the work that the NSPCC does to support children that are in danger.

“I have always supported the NSPCC and I wanted to support the charity further by taking part in this great event to help raise money,” said Cigdem.

She trained hard for the event, and ensured that her training programme was integrated into her working day, by taking the stairs up to the Payday Express office on the fourth floor every day, rather than the lift.

Individuals who took part in The Gherkin Challenge were asked to raise a minimum of£250 each, but Payday Express, provider of payday loans online, decided to support Cigdem by giving a generous donation of £500.

In addition to this £500, individual staff members made donations and offered her lots of encouragement in the build up and on the day of the event.

Sarah Carroll, operations manager at Payday Express, said: “We are always happy and proud to support our employees who undertake challenges to raise money for great causes.”

Via EPR Network
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Confused.com Reveals UK Households Wasting £1.7 Billion By Not Switching Home Insurance Providers

Confused.com has revealed that UK households are wasting on average £1.7 billion* a year because they “can’t be bothered”** to switch home insurance providers.

According to the latest Confused.com research, which surveyed homeowner’s attitudes to switching insurance providers, 73 per cent stated that they have home insurance, but a surprising 34 per cent said they had never switched home insurance provider.

In fact, 70 per cent said they had been with the same provider for two years or more, potentially missing out on an average saving of £95.26*** per year just by switching home insurance providers. Collectively, UK households could be wasting£1.7 billion by not shopping around to get the best deal.

32 per cent of those surveyed say they haven’t switched providers because they can’t be bothered while 29 per cent say their current deal is so good there is no point switching.

22 per cent of homeowners are under the illusion that switching home insurance is too complicated. However, with 66 per cent of people saying they would be willing to switch home insurance if they could save money, it’s not really affordability that should be questioned but inertia and people’s attitudes towards switching.

Gareth Kloet, Head of Home Insurance at Confused.com, said: “We are a money saving nation, however most of us still aren’t making the effort when it comes to getting insurance for our homes. At Confused.com home insurance customers could save money on their insurance premium.

“Shopping around can not only ensure the best value for money, but can also prompt homeowners to ensure they have the right level of cover. Levels of cover can vary between providers so check everything you want is covered and then select a policy that meets your needs. It’s worth doing this on an annual basis or after a big purchase to make sure you’ve got the right cover at the right price – loyalty doesn’t pay and you may be able to find better cover at a lower price.”

Via EPR Network
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Confused Announce £1000 Giveaway When Purchasing Home Insurance

Confused.com is offering £1,000 to spend on household bills to four lucky people who get a home insurance quote through the price comparison site during March.

The giveaway comes on the back of recent Confused.com research which found that 34 per cent of homeowners admitted that they have never switched home insurance provider*. This is despite the fact 70 per cent of Confused.com home insurance customers could save money on their home insurance premium**.

To motivate people to shop around for a better deal, four lucky customers who get a quote on home insurance in March through Confused.com will be randomly selected to win £1,000 to spend on household bills.

Gareth Kloet, Confused.com Head of Home insurance said: “We wanted to say thank you to those people who are looking to get home insurance through Confused.com, by giving them a chance to win £1,000.

“As we all know, money is a topic of much discussion and many people can’t afford to buy those essentials for the home, or even pay some bills. Therefore at Confused.com we wanted to give our customers a helping hand. Not only by saving them money by using our comparison site but by also giving them the chance to win £1,000 to spend on things they need.

“We want people to be aware that they could save hundreds of pounds on their home insurance just by shopping around for a lower quote. 22 per cent of homeowners are under the illusion that switching home insurance is too complicated*** but by using a comparison site like Confused.com it means that we do the hard work for them.”

Via EPR Network
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NY Gold Buyer Uncovers Synagogue Bandit: Crime of Hate, or Opportunity?

NYPD caught the thief who stole over a dozen religious artifacts from Congregation Degel in Kew Gardens, NY. The 28-year-old Efram Sanders was arrested and charged on counts of burglary, grand larceny, and criminal possession of stolen property.

With over a dozen artifacts stolen, the members of Congregation Rachel Degel Israel were disheartened during Adar, one of the most festive months in the Jewish calendar. When news that three silver Torah crowns, two silver mini Torah crowns, three silver Torah breastplates, four silver Torah pointers, and one silver cup was stolen from the synagogue, media rushed to provide coverage on the event. Community members were eager to catch the thief/thieves who might have committed the crime as an act of hatred.

Rabbi Sheinfeld accounted seeing Sanders at Congregation Degel a handful of times in the past. It appears that the burglary was not a result of a hate crime, but a desperate act due to economic hardship. It was reported that Sanders had taken the stolen items to The Gold Standard of Forest Hills, a local Queens gold buyer and pawnshop. Janet Medina, an employee at The Gold Standard, cracked the case of the synagogue theft by watching NY1 news earlier that Tuesday. “Oh my god! I’ve seen those items” was her immediate response as she recognized the stolen items on television.

Medina contacted her boss and the owner of The Gold Standard, Scott Simon. After sorting through inventory and matching up the pictures of the reported stolen goods, Simon immediately contacted the police. Simon recalled working with Sanders personally, asking him “do these items belong to you?” as part of business protocol. Sanders responded “that he got the items during his Bar Mitzvah”.

Both Medina and Simon felt privileged to help NYPD crack the case. Members of the synagogue are extremely grateful and joyful to have their religious and sentimental artifacts back. Unfortunately for The Gold Standard, Simon does not expect to get back the thousands of dollars that they paid for the stolen artifacts. Both Medina and Simon remarked, “We’re just happy we were able to help catch the thief and return the items to their rightful owners”.

About The Gold Standard

The Gold Standard has 13 locations throughout the Queens and Long Island area. For two consecutive years, we have been voted Best of Long Island by the LI press. We are one of New York ‘s most trustworthy and reliable gold buyers and pawnshops. Time and time again our customers depend on The Gold Standard for friendly customer service, secure transactions and honest prices for selling or pawning their jewelry and other valuables.

For more information, contact The Gold Standard of Forest Hills at ( 646) 470-4907, by email at foresthills@nygoldcashers.com, or visit 70-58 Austin Street, Forest Hills, NY 11375.

Via EPR Network
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Virgin Money launches new ‘early bird’ ISA service

Virgin Money has launched a new ‘early bird’ ISA service for savers. By opening an Early Bird ISA Feeder, customers can use the service to start earning interest on next year’s ISA allowance now – without having to wait for the new tax year to start in April. The Early Bird ISA Feeder offers a competitive interest rate of 3.57% gross**/AER***, or 2.85% net, giving savers the same return as Virgin Money’s current variable cash ISA. The interest rate is fixed until 5 April 2012, following which the funds will automatically transfer into an Early Bird ISA for the new tax year.

The Early Bird ISA is a variable rate instant access cash ISA, paying 2.85%. This attractive headline rate offers good value for customers and it does not include a short term introductory bonus.

Accounts are available to open through Northern Rock branches, by post or by telephone, and savers can invest between £1 and the new 2012/13 cash ISA limit of £5,640.

Anthony Mooney, Mortgage and Savings Director at Virgin Money said: “Our new early bird ISA service means customers can take the hassle out of arranging their ISA for the next tax year by sorting it out early. Savers can earn an attractive interest rate between now and the start of the new tax year in our Early Bird ISA Feeder, safe in the knowledge that their money will automatically transfer into a tax-free ISA account in April.”

Interest earned on the Early Bird ISA Feeder will be paid to a nominated account on 5 April 2012, and does not allow any withdrawals or closure until the new tax year. Additional deposits can be made to the Early Bird ISA Feeder until 30 March 2012 up to a maximum of £5,640 per account. Once the funds have transferred into the Early Bird ISA, withdrawals can be made without notice, and additional deposits and transfers in from existing ISA accounts are permitted within HMRC regulations.

The Virgin Early Bird ISA Feeder and Virgin Early Bird ISA are personal deposit accounts with Northern Rock plc. The Financial Services Compensation Scheme (FSCS) provides protection to customers with these accounts under Northern Rock plc’s existing FSCS membership up to a maximum of £85,000 per person. The £85,000 limit relates to a customer’s combined deposits with Northern Rock plc under the Northern Rock and Virgin Money trading names.

Via EPR Network
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Payday Express supports staff volunteer work

Lauren Johnson discovered senior staff at Payday Express were more than happy to help support her after she said she wanted to volunteer as a Metropolitan special constable.

The UK payday loan company places great importance on staff development and wellbeing and didn’t hesitate when it became clear that Lauren would need greater flexibility to combine her job as a contact centre agent with her voluntary position as a special constable with the Metropolitan Police.

After extensive training to become a special constable, volunteers are required to carry out at least 16 hours of work per month. Cash advance loans provider Payday Express offered to support Lauren’s volunteer work by giving her flexibility around her hours of work in order for her to carry out the voluntary hours required within a month.

Lauren wanted to train as a special constable so that she could give back to her local community in Bromley.

“I wouldn’t have been able to honour my volunteering hours without the support I’ve been given by the company, for which I’m really grateful,” said Lauren.

Operations manager Sarah Carroll said: “We are very supportive of staff members who take on volunteer work in the community and are really pleased that Lauren is feeling fulfilled by the post.”

In addition to the support offered to those staff wanting to volunteer in their local community, Payday Express, provides internal training programmes to ensure all those within the organisation achieve their full potential.

Via EPR Network
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Payday Express makes British Heart Foundation charity of the month

Payday loans company Payday Express has made British Heart Foundation its charity of the month for February – a choice inspired by St Valentine’s Day.

In addition to the company’s regular Friday dress down days –when staff are asked to donate £1 each for coming to work in casual clothing – Payday Express held an additional dress down day on St Valentine’s Day, specifically to raise money for the British Heart Foundation.

All staff were asked to wear red clothing and donate the usual £1 each. Those who chose not to wear red were asked to donate £2. For St Valentine’s Day, the office was adorned with red balloons and decorations. This and the workforce’s red outfits made the office look very romantic. In addition to red clothing and decorations, team leaders across the business organised themed incentives. High achieving team members were given the chance to play a version of the TV game show Red or Black, with the winner of the red card receiving a prize. These rewards included a meal for two at London restaurant Marco Pierre White.

Marketing assistant at Payday Express, Cigdem Husseyn, said: “Whether people had partners to celebrate Valentine’s Day with or not, they all had fun at work!”

Carl Mountain, contact centre manager at the cash advance loans company, said: “Payday Express staff are always great at getting into the spirit of occasions and Valentine’s Day was no exception.

“The team leaders did well to link their incentives into the theme, and we were all pleased to extend the theme to our chosen charity of the month, the British Heart Foundation.”

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Payday Express holds internal Trainee Team Leader Program for 2012

UK provider of payday loans online, Payday Express, has once again demonstrated its commitment to staff development with the hosting of the first Trainee Team Leader Programme for 2012.

Emma Furlong, group trainer at Payday Express, and the company’s operations manager Sarah Carroll, began the first programme for 2012 on February 10, with the aim of developing budding team leaders in different areas of the business. Six staff, from the company’s contact centre, collections, marketing and business development teams, will participate.

The programme involves weekly catch-up sessions in which participants receive coaching on management skills, as well as the chance to discuss exactly what the team leader role entails. They also get to share ideas and experiences and impart knowledge they have learned. They will work as acting team leaders while on the course in order to put their learning into action and will also get the chance to swap roles and run different teams as part of their on-the-job experience.

Operations manager, Sarah Carroll said: “Staff development is extremely important to us at Payday Express. This course gives high-achieving agents the chance to take the next step in their careers.

“Its success comes from giving them the chance to take what they learn in the training room each week and immediately practise it on the job. It’s also valuable for them to get the chance to discuss mistakes and difficulties with people in the same position as them,” she added.

Marketing executive, Therese Rydberg, said: “I am excited to get the opportunity to take part in this programme as it will help me to grow and take the next step in my career.”

The programme is designed to be suitable for employees from all departments within the payday loan company and is geared towards developing broad skills that can then be applied to their own jobs and teams.

To kick-start the programme, each participant is required to produce a SWOT (strengths, weaknesses, opportunities and threats) analysis on his/her own team, along with a personal development plan, which is then re-visited at the end of the course.

The programme also includes the following sections:
– Conducting monthly staff reviews
– Handling and steering conversations – this is a vital section in the programme and is revisited throughout, as it covers conversation and communication with peers, staff, management and customers
– Effective reporting
– Carrying out effective team incentives
– Interview techniques
– Coaching and development
– Absence management and operational overview
– Dealing with expressions of dissatisfaction
– Reporting upwards (to management)
– Process suggestions and implementation.

Via EPR Network
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Confused.com Launches New Partnership With Quotemehappy.com

Confused.com has launched a new partnership with Quotemehappy to offer insurance to careful drivers. Quotemehappy.com is an insurer that is specifically set up for careful drivers who want reliable, low-cost policies.

Confused.com’s comparison service makes it easy for customers to compare car insurance and with the new relationship with Quotemehappy.com, customers have even more choice.

Quotemehappy.com offers a comprehensive policy to careful drivers. The insurance brand keeps its costs as low as possible by operating online and premiums are also kept down as Quotemehappy.com is very clear about who it will and won’t insure. For example, it will not insure new drivers, those with older or more expensive cars or drivers who have had more than one at-fault claim in the last four years.

Marco Distefano, Managing Director of Quotemehappy.com, said: “Quotemehappy was created to give careful drivers a fair pricing and personal service when getting car insurance.

“At Quotemehappy.com we have negotiated some fantastic premiums with our specialist panel of insurers and see Confused.com as the ideal partner to ensure that this brand continues to reach the maximum number of potential customers as possible, whilst further enhancing Confused.com’s commitment to provide a specialist quote for every client, from every background with any specific needs.”

Gareth Kloet, Head of Car Insurance at Confused.com, continued: “At Confused.com we want to offer our customers the right cover at the right price by offering genuine value for money, a quality product and competitive prices for careful drivers. Adding Quotemehappy.com to the ever increasing number of insurers that we compare prices for is a great result.”

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Finding the Best Place to Sell Your Precious Gold Jewelry

If you are observant enough about financial markets, like most people who sell gold in Oakland Gardens, NY, you would probably be aware now that prices of gold have been skyrocketing the past few years. In 2003 alone, gold went for $400 per ounce. Most recently, it went above $1,400 per ounce. While the country and the rest of the world were reeling from the economic crisis, gold rose rapidly due to some factors. One of these factors is that gold is a secure haven, Investors in this precious gem ran after its tangible value in the wake of an uncertain economy that is based on fiat currency.

Aside from that, gold is also considered as hedge against staggering inflation. Gold proved to be a good choice while central banks all over the world engaged in practices aimed at kick-starting inflation. And there’s also the widespread fear of what would happen to countries with huge debt problems. Countries with existing debt before the crisis happened plus the new debt incurred during the crisis look to gold for hope.

The hope placed on gold is also felt by the individual consumer. Many people who have been hit really hard by the crisis are now thinking of selling their gold jewelry. After all, that’s $1,400 per ounce, isn’t it? Not really. If you plan to sell gold in Oakland Gardens, NY, the reality is that you may not get that amount per ounce.

Reality Check: What to Expect When You Sell Your Gold

It is important to determine the reasonable amount to expect from your gold. Get somebody to inspect your gold. An independent jewelry store can evaluate your gold’s worth. Have an estimate of how much pure gold content your jewelry has. Pure gold is 24K. You only have a partial gold if what you have is a 10K, 14K, or 18K. The rest of it is less valuable metals added in. Ask the jeweller how much he is willing to pay for your jewelry item. Don’t forget the exact weight of your jewelry’s gold. Then take your jewelry item to another independent jeweller to compare the different estimates.

Also visit a pawnshop before you decide to sell gold in Oakland Gardens, NY to know what prices are reasonable in your area. The basic rule would be not to get less than 70 percent of your gold’s market price. So that’s about $980 for every ounce of pure gold.

Via EPR Network
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Confused.com Reveals £203m Worth Of Car Damage Caused By Misleading Sat Navs

New research from Confused.com has revealed that Sat Navs have caused over £203m worth of damage to drivers on UK roads, through accidents caused by misleading directions. With the Department for Transport holding its first ever Sat Nav Summit in March, the issue of misleading Sat Navs has become an ever-increasing problem across the nation.

A staggering 83% of British drivers have admitted to being misled by their Sat Navs, resulting in over half the country (52%) screaming at their devices. 68% of the drivers end up with longer journeys and clock up unnecessary miles while 45% of British drivers have confessed to feeling angry and frustrated while behind the wheel, which in turn has led to 31% of British motorists red faced, spending between£100 – £500 on Sat Nav related car damage.

Whilst it’s mainly men who blame their car damage on their Sat Nav, women are more likely to admit that it leads them astray. Women also get more frustrated than men, with 57% of female drivers freely admitting that they scream at their Sat Navs, a shocking 12% higher than male drivers.

On a national scale, drivers in the East Midlands fared the worst with their Sat Nav relationship, with 57% shouting at their Sat Navs and 50% feeling frustrated behind the wheel. Northern Ireland has proved the most docile with only 31% getting angry at misleading Sat Nav directions. 80% of Scots claimed to be given misleading directions constantly by their Sat Navs leading to over half (51%) of Scottish drivers screaming at their devices. The research did however pinpoint the Welsh city of Aberystwyth as the worst for Sat Nav anger management with an alarming 75% admitting to regularly losing their temper.

With the amount of Sat Nav accidents occurring across the country, and the pending Sat Nav legislation, Confused.com is calling for British motorists to register their Sat Nav blackspots from around the UK on Confused.com.

Gareth Kloet, Head of Car Insurance at Confused.com, said: “As car insurance costs continue to rise, it’s never been more important to keep your motoring costs as low as possible. Our research has shown that the Sat Nav is not always the blessing it was once hailed to be and increasingly, motorists appear to be sighting the device as a source of frustration and danger. We hope that our Sat Nav blackspot map will not only help reduce risk, but we also hope that frustrated drivers get back behind the wheel a little happier.”

Via EPR Network
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Confused.com Reveals Young Male Drivers Pay Almost Double For Insurance Compared To Women

Confused.com/Towers Watson have revealed that the cost of car insurance for young men continues to go through the roof, with 17-20 year olds paying almost double what women drivers of the same age are paying.

Male drivers in the 17-20 year old age group are suffering as female drivers pay£1,771 less than the men UK-wide: it currently costs an average of £1,959 for women aged 17-20 to insure a car compared to £3,730 for men. These are the findings of the Confused.com/Towers Watson Car Insurance Price Index (Q4 2011), which is based on more than 4 million quotes.

Young people are feeling the impact most, with car insurance for young drivers seeing huge rises from the previous year. Regionally the picture is even more surprising: young men passing their driving tests in inner London can expect to be quoted an average of £5,523 to insure their car if they are aged 20yrs or younger which is more than 48% higher than the average for this group and 5.7% more than they paid in Q4 of 2010 meaning taking the time hunting around for the cheapest car insurance even more worthwhile. Their counterparts in Manchester and Merseyside fare even worse, with average costs of £5,724 facing them to insure their cars when they throw away the ‘L’ plates, a shocking rise of 10.6% year-on-year (Q4 2011 compared to Q4 2010). A 17-20 year old female in inner London can expect to pay £3,261 on average: a rise of 4.4% year-on-year, and they are paying an average of £3,307 in Manchester/Merseyside – a 9.9% rise year-on year. A high cost, but this is still more than £2,000 less than men of the same age.

When a driver adds another person to their comprehensive policy, average costs come down, so a 17-20 year old man pays £3,907 (UK average) as the only driver, but when they add on another driver the costs fall to an average of £3,345, a saving of more than £500. For 17-20 year-old women the UK average is £2,046 if they are the only driver and this falls to £1,819 for 17-20 year olds with another driver on their policy.

Comprehensive car insurance for women across all ages and regions fell marginally in quarter 4 of 2011 (-1.3%), but prices continued to rise for men, although by just 1% in quarter 4. Year-on-year, it was 61-65 year old men who saw the biggest jump in costs, with a 7.4% increase, bringing the average premium for men of that age group to £504. For women drivers it was the 26-30 year olds who saw the steepest jump in prices with 7.2% hikes, giving an average of £789.

Gareth Kloet, Head of Car Insurance for Confused.com commented: “From December, EU legislation will mean that insurers can’t use gender as a factor in setting prices. The differences highlighted in our report show that there is still a huge disparity between what men and women are being charged for their car insurance. Insurers clearly still have a long way to go to comply with the new legislation. It’s more important than ever to shop around and we’re committed to making it easier for people to save money on their car insurance.”

Via EPR Network
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Payday Express Hold Graduate Recruitment Day To Grow Analytics Department

UK provider of cash advance loans, Payday Express, has held its first graduate recruitment day to attract young analytical talent to its rapidly expanding company.

The payday loan company invited 15 university graduates to attend the day and to undergo an intensive assessment process, consisting of a group task, presentation, interview and case study discussion. The objective of the recruitment day was to find promising analysts to join Payday Express’s analytics team, to help support and shape important business decisions.

After the gruelling process, one candidate was successful and has been offered the position.

Tim Trailer, managing director of risk and analytics, said: “It’s important to put a lot of effort into making sure we recruit the right talent, as the risk and analytics team plays a crucial role in giving management the information it needs to make business decisions, and in ensuring our processes are optimised.”

Analytics has been identified as a key focus area for the payday loans lender in 2012, with the aim of optimising operations and business strategy based on in-depth reporting and analysis.

The business plans to hold regular recruitment days, to offer high-achieving graduates entry level positions within the analytics team.

Via EPR Network
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Leading Payday Loan Company Implements New And Improved Induction Plan

Payday Express, a UK provider of payday loans online, has announced the implementation of a new and improved staff induction plan.

The move was made to ensure that staff training and development remains high on the agenda for Payday Express, a business that prides itself on understanding the value of ensuring all staff are equipped with the knowledge and skills they need to effectively and efficiently carry out their roles.

Richard Turner, HR adviser at Payday Express, said: “Payday Express is passionate about learning and development and makes every effort to ensure that this starts from the moment a new recruit joins the organisation.”

The induction, which marks the start of a training programme, involves being introduced to the company, its mission statement and its principles, before being given extensive training on anti-money laundering, data protection, customer service, learning styles and other key skills and knowledge areas.

After a revamp of the process by operations manager Sarah Carroll and group trainer Emma Furlong, the induction is now much more interactive and people-focussed – a change that has been introduced to ensure all new starters feel part of the team straight away. While the old induction programme involved open discussions, the new one takes interaction to a new level by incorporating group break-out tasks and quizzes designed to ensure that information has been taken in and understood.

The process also involves interaction between experienced team leaders and new starters, after which each group of new employees must deliver a presentation on what they understand about the different roles and teams within the company to be.

Sarah Carroll of Payday Express said: “Getting the new starters to engage with tenured staff is very effective as it means they’re not passively absorbing information and instead are actively participating in their own learning.

“So far this has proved to be a successful addition to our induction programme,” she added.

Group trainer at the payday loan company, Emma Furlong, said: “The induction is beneficial as it provides a great platform for new starters to integrate into the company, and gives them knowledge and insight into company values and functions to foster the right mindset for their role and future career.”

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Exciting office expansion planned for Payday Express

Provider of payday loans online, Payday Express, has announced plans to expand its current office space, in line with plans to grow the business with the arrival of 17 new starters in February.

The payday loan company moved to its current location from smaller premises in April 2011, choosing offices that had the potential for expansion in 2012. With all teams within the business now at full capacity – due to significant and rapid business growth – work has begun on preparing the additional office space for the relocation of the collections department by the middle of this month (February).

The relocation of this department will mean not only that it has room for further expansion, but also that the contact centre and business development teams have room to grow into previously shared office space.

Another team set to expand in 2012 is the analytics team, which recently held a graduate recruitment day and has plans to hold future events to find even more talented individuals.

Operations manager at Payday Express, Sarah Carroll, said: “Increasing office space is a positive sign that the company is growing, and that more opportunities will open up for new staff to join us and for existing staff to continue developing their careers.”

Payday Express has also announced that there is scope to take on more space in the building they currently occupy, which will enable further expansion later on in the year.

Marcus Tibbals, contact centre team leader, said: “It’s very exciting to work for such a fast paced and high growth business.”

The company, which offers payday loan applications online, plans to hold regular recruitment days as soon as the new office space is ready.

Via EPR Network
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