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Confused.com Expands Their Credit Card Panel With Fluid

Confused.com has added a new credit card from online personal finance brand Fluid to its credit card panel meaning customers can now apply to a choice of 50 credit cards.

The low-fee balance transfer credit card, powered by MBNA, offers new customers 15 months at 0 per cent interest on balance transfers. Balance transfers must be made within the first 60 days of opening the account and a 1.5 per cent handling fee applies.

The credit card also allows new customers to move credit into their current account. Fluid charges a 4 per cent fee for this money transfer and offers 15 months at 0 per cent interest but after that, charges will apply.

New customers can also benefit from 0 per cent interest on purchases for five months from the date the account is opened.

Will Becker, chief executive of Media Ingenuity, Fluid’s corporate parent, said:
“We have listened to what customers want within the UK market. In conjunction with MBNA, we’ve created a card with an exclusive offer that can yield a substantial saving to consumers. This is a great card for people who are looking to get control of their finances and repay existing balances within the 15-month offer period.”

Confused.com started to display credit cards in 2008 and it enables customers to compare credit cards from across the whole of the UK market.

With the average authorised overdraft rate currently at 12.659% APR, Nerys Lewis, head of credit cards at Confused.com, believes the Fluid credit card’s money transfer option could help people who need to pay off their overdraft.

Lewis says: “This credit card could be a good option for anyone who is paying interest charges on their current overdraft facility, as long as they can pay back their debt within the 15-month period.

“Many university graduates of the last few years could be starting to pay interest on their graduate overdraft accounts, for example, so the Fluid credit card may be a useful option for those who can afford to pay off this debt before the interest-free period is over.

“Meanwhile, the comparatively low balance transfer fee of 1.5 per cent makes the Fluid credit card a strong offering to anyone who is looking to transfer their existing credit card balance, providing they keep on top of payments.

“If you use a balance transfer credit card carefully, it can be a sensible way to manage your finances.”

Customers can apply for the Fluid credit card at www.confused.com/credit-cards

Via EPR Network
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Confused.com Reveals Homeowners’ Most Expensive Possessions Are Not The Most Valuable To Them

Confused.com has revealed that homeowners’ most financially valuable possessions are not the ones which are the most precious to them. Computers and jewellery top the list of the most expensive items owned, but 74% of homeowners tell us that sentimental items such as photos, letters and drawings their child has done are more precious than their most costly items.

In a survey of 2,000 homeowners, Confused.com discovered that nearly three quarters said that the most financially valuable item they own is not the most precious item they possess, with photos being considered the most precious or sentimental items owned by UK homeowners.

Men differ from women with more men (29%) than women (23%) saying that the most financially valuable items they own are also the most precious to them, while women (47% compared to 34% of men) feel that photos are the most precious/sentimental items they own. The second most popular sentimental item for women is jewellery while the second most popular items for men are letters.

Older people (over 55s) are more likely to say that items inherited from a relative are among their most precious items but photos and letters are consistently precious across all age groups.

When it comes to insuring possessions, Londoners are most likely to take the gamble and fail to take out a home contents insurance policy: only 64% of Londoners who own their home tell us they actually have home insurance, compared to a national average of 80%. When it comes to 18-24 year-old homeowners, 16% of these do not even know if they have home contents insurance or not. 30% of 18-24 year-old homeowners say they don’t have a policy.

Despite such a large proportion of homeowners telling us that they do not bother with home insurance, 20% admit that they have been burgled in the past. Jewellery is the top item stolen by burglars, followed by items of sentimental value.

Gareth Kloet, Head of Car Insurance at Confused.com said: “Home insurance and a good awareness of home security can help to keep property safe. Sadly burglary is a fact of life that one in five of homeowners who we surveyed had already experienced. While insurance cannot replace items such as photos, it is possible to name precious items (that have a value of more than £1,000) on your home insurance policy. This helps ensure that possessions such as jewellery or antiques or expensive technology can be replaced or compensated for in the event of a burglary.”

For more possessions research, Confused.com’s unique infographic can be found here:www.confused.com/news-views/infographics/what-items-people-value-more-at-home-sentimental-or-expensive.

Via EPR Network
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Confused.com Reveals Young Drivers Spending More Than 18% Of Their Annual Salary On Car Insurance

Confused.com has revealed young drivers are paying an average of £2,499 for their annual comprehensive car insurance. Meanwhile the older generation are statistically the cheapest to insure, with average premiums costing an average of just £440 per year for 66-70 year olds, the equivalent of around £1.20 per day.

With ONS figures revealing that the average income for 18-21 year olds in the UK comes to £13,972, when a young driver pays for their own car insurance this could swallow up more than 18% of their salary. For men of this age group it’s likely to be an even greater chunk of their salary as they try to afford premiums costing an average of £3,635 (compared to £1,869 for young women 17-20).

Older drivers are currently enjoying the lowest premiums, with drivers aged 71+ paying an average of just £436 per year. A combination of driving experience, likelihood to travel shorter distances and owning lower-powered cars can make older and retired drivers statistically a lower risk, despite the possibility that their reactions could be slower due to age.

Average costs dip significantly for drivers aged 36-40 with the average price coming in at £597, but rise dramatically again for 46-50 year-old drivers who pay an average of £733.

Gareth Kloet, Head of Car Insurance at Confused.com said: “Each age group is costed by their statistical risk and this includes the value of the car itself, the experience levels of the driver, past history and where they live among other factors. Younger drivers are hit significantly harder than more experienced motorists but Confused.com is working hard to find ways to help young drivers bring down the costs, such as working with telematics providers who offer a discount for drivers who can prove that they are safe on the road.”

There are however tips for younger drivers who are looking to reduce their car insurance costs which includes choosing a smaller and lower powered car, installing a telematics device and considering excess protection but as with any product or service, it pays to shop around for the best price by using a comparison site such as Confused.com:

Customers can access Confused.com’s car insurance price calculator, which gives data on regional prices, at www.confused.com/car-insurance/price-index.

Via EPR Network
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Aetna Life Insurance Offers New Services

The LifeInsurance.org News Center reported today that Aetna Life Insurance recently announced some new company service additions. One added option includes a process for expediting claim payments when a loved one passes. The life insurance company has also put into place a method for making funeral planning available to policy holders and their beneficiaries.

What To Expect From The New Services
The new funeral planning services include allowing customers 24/7 access to specialists for advice and suggestions, extensive coordination resources and other services that should help defray costs for individuals dealing with a loss. During such difficult times, members as well as their beneficiaries can get useful assistance to make the best and most appropriate decisions for what can often be a costly experience. To further assist with absorbing some of the expense, Aetna has also implemented a service for speeding along claims for payment to help pay for the funeral beforehand. Such increased value of services help Aetna tailor life insurance policies specifically to customer needs.

The company has also announced its offering of a new program, Aetna Life Essentials. This plan gives members invaluable access to various financial and legal services. The program also provides incentives for clients to maintain their health by offering discounts on gym memberships, exercise equipment and hearing and vision resources. Customers and beneficiaries can also visit licensed social workers for counseling on disabilities or other serious medical conditions.

Scott Beeman, head of Aetna Life Insurance, spoke about the new services. “Our customers are looking to us to provide value-added services aimed at protecting and rewarding talented employees.” He went on to say, “Life insurance is an important part of the benefits package our customers offer their employees, so providing more than just benefit payouts is critical. Our offerings provide information and access to resources on avariety of issues including funeral costs, financial advice, estate planning and legal services. These services can truly make a difference for consumers at a time when they need it most.”

Via EPR Network
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