Why it’s crucial for investors to incorporate inflation into their financial planning May 16, 2018 We often find media coverage fretting inflation’s impact on consumer spending—particularly true after UK inflation jumped over the last couple years. In our view, though, British investors should be more focused on whether their financial plans take it into account. We believe doing so is vital to increasing the likelihood of reaching your goals. The [...]
Alpha insurance bankruptcy: London cabbies scrambling for alternative insurance after provider goes bust May 9, 2018 London cab drivers are scrambling to reinsure their cars after Danish insurance company Alpha went bust yesterday, invalidating their policies. Alpha, which insured numerous taxi drivers through brands such as Cover My Cab and Protector, filed for bankruptcy yesterday, immediately terminating all existing policies. Cab drivers reported receiving text messages today telling them that their [...]
Kicking off: War of words between former boss Bob Mackenzie and car insurance giant AA rolls on May 1, 2018 Former AA boss Bob Mackenzie has found himself in the spotlight once again, following allegations that he hushed up a street fight which left him unable to deliver presentations to major City investors. The legal battle between Mackenzie and the roadside assistance giant ramped up yesterday after court filings of the AA’s defence were revealed [...]
Toyota launches London startup and starts the hunt for tech talent April 26, 2018 Toyota is launching a new startup in London to develop new transport services it can roll out in Europe, and is on the hunt for a crop of data scientists, engineers and software developers to bring on board. It is aiming to build up expertise in ride-sharing and remote delivery, and start bringing specialised mobility [...]
AA says car insurance premiums cheaper than they were a year ago April 19, 2018 Car insurance premiums are cheaper than they were one year ago while premiums for combined home and contents insurance fell in the last quarter. According to a report by break down and insurance company AA, car insurance premiums peaked during the second quarter of 2017 but have fallen steadily since then to an average premium [...]
Provident Financial share price falls after completing a £331m rights issue April 10, 2018 Doorstep lender Provident Financial has completed a £331m cash call from investors, it announced this morning. A deadline for rights issue acceptances passed yesterday at 11am with 96.3 per cent of shareholders backing the capital raise. The success of the rights issue will come as little surprise to many traders as almost three-quarters (73.4 per [...]
Death of the deposit: A new type of rental model is emerging, but could it be the next PPI scandal in the making? April 10, 2018 Most renters will be familiar with the drama that surrounds deposits. The average deposit in London is an eye-watering £1,765, according to the Tenancy Deposit Scheme. But saving up hundreds of pounds is only half of the battle. Recouping all of your cash at the end of your tenancy is often a huge headache, and [...]
Car insurance premiums set to rise in the two years say insurance bosses April 4, 2018 Eight out of 10 insurance bosses in the UK, EU and US predict that motor premiums will rise in the next two years, with 43 percent thinking they will rise by at least 10 per cent. Telematics company The Floow surveyed 280 decision makers at insurance companies and found that those in the UK were [...]
Artemis: Investing for income March 23, 2018 On Britain’s railways, a double yellow light is an instruction to exercise “preliminary caution”. On seeing it, a train driver should continue to move forward but be prepared to begin slowing at the next signal; there may be an obstruction ahead. These are the conditions under which investors seeking income currently operate. Financial assets in [...]
An investment to hold when volatility strikes? March 7, 2018 Funds in the Targeted Absolute Return sector aim to produce positive returns in a variety of market conditions through using sophisticated investment techniques such as short selling (profiting when prices fall). They generally aim to make modest yet consistent gains with smoother performance than traditional funds; admirable objectives that resonate with many investors, but there [...]