UK Insurance News

AEGON Scottish Equitable was acknowledged as Best Pension Service provider in the Moneyfacts 2009  Investment Life and Pension Awards announced this week.
In the same category Standard Life were highly commended for their efforts  and Scottish Life were given a commended status in the awards.
Scottish Widows, part of the Lloyds banking group was awarded the Best [...]

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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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The Economist magazine has predicted that Insurance companies will thrive during the recession as other industries struggle to stay in business. The magazine says that fewer claims and lower claims costs will see insurance companies buck the trend during the current crisis for the following reasons.
Recession pushes down motor accidents as people drive less.
Industrial injury [...]

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Financial website Fool.co.uk has warned potential customers for redundancy or unemployment insurance, to be on their guard as pay-outs are subject to very restrictive criteria and as always it is advisable to read the small print before taking out any insurance product.
As unemployment grows dramatically on the back of the financial crisis, many people will [...]

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Asda has launched a Real Life Cover insurance plan which can provide life and financial cover via several options.
The policy, which has been developed in conjunction with LifeSearch and Fortis, contains seven elements including life, critical illness, income insurance and unemployment cover.
Clients will be able to select the cover they need and take out one [...]

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