UK Insurance News

UK supermarket chain Asda have announced a new life insurance policy aimed at the over 50’s, in conjunction with mutual insurer LV=. Asda are looking to increase their foothold in the insurance market and aim to treble the number of life insurance policies issued by the company.
Research shows that the over 50’s represent the most [...]

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Insurance company Axa has announced plans to streamline it’s workforce even further, with another 350 jobs to go in the companies Life business.
The job cuts are likely to affect the Axa Life offices in Bristol, Basingstoke, Coventry and the Isle of Man. Axa have already shed 1,000 jobs in it’s UK offices over the last [...]

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UK Farmers are being warned that they must undergo improved risk management and adopt safer working practises in a sector that has one of  the worst records in fatalities.
The warning comes from insurer Aviva, as part of its 2009 Simply Safety campaign and aimed at an agricultural industry that is becoming increasingly diversified as farmers [...]

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The cost of Life Assurance has fallen by half in the last ten years according to research from financial website MoneyFacts, in a report published recently.
Non smokers get the keenest deals although premiums have fallen almost as much in relative terms for those who choose to smoke. There is a differential of around 35% between [...]

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Friends Provident has warned it’s with profits policyholders that the value of it’s final bonuses will be cut by up to 50%. The warning follows the news that Friends Provident £13billion with profits fund  lost more than 7% during the first half of this year.
The company says it will maintain it’s regular bonuses but final [...]

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