By Josh Brian Marketing Apprentice From the 20th of March 2017 the “New Ogden Discount Rate” will come into effect which will see the Ogden Discount change from 2.5% to -0.75% this will likely impact the cost of all insurance premiums. The Ogden Discount Rate is used to readjust Personal Injury (PI) claims in relation to the variations in the finance sector […]
By Josh Brian Marketing Apprentice 2016 saw in excess of 10,000 British drivers punished for driving with defective tyres. The accumulative total in fines exceeded £27m, with a maximum of £2.5k per balding tyre, risking a £10,000 fine if caught with all tyres with a tread depth below the legal limit of 1.6mm. As well as enormous fines you will […]
By Josh Brian Marketing Apprentice Plans are being drawn up to introduce a scrappage scheme for diesel cars, in order to reduce emissions and improve the air quality across the UK. The Department for Transport and Defra (Department for Environment, Food & Rural Affairs) are working on a scheme to offer cashback or a discount on-low emission vehicle if drivers […]
By Josh Brian Marketing Apprentice From figures released today, motorists are being hit with the highest insurance premiums on record. This is due to a mixture of reasons, including the number of whiplash claims and tax hikes in the industry. According to statistics from the Association of British Insurers (ABI) the average comprehensive insurance premium in the final 3 months of […]
By Georgina Bailey Marketing Executive The Department of Transport (DfT) has announced that there will be stricter rules in place for road users who use their hand held phones while driving. The hardest hit by this new regulation will be Truck/Van drivers and new drivers as it could result in them losing their licence; and there will now be no ‘soft […]
By Ben Scott Marketing Manager The first thing to note is that the change in Road Tax only affects brand new vehicles bought on or after April 1st 2017. If you already own a vehicle, your Road Tax will not be affected unless you purchase a new vehicle registered after this date. The VED reform (announced way back in 2015) intends to introduce a flat Standard Rate of £140 […]
By Georgina Bailey Marketing Executive The excitement of the new £5 note seems to have eased off now and I think by now nearly everyone will have seen the new £5 note (even if like me you haven’t had one yourself yet.) The circular pound coin has been in circulation now for over 30 years but The Royal Mint who […]
By Ben Scott Marketing Manager Important Communication Regarding Enterprise Insurance Company PLC Original Article: Enterprise Insurance Enter Liquidation On the 26th October a hearing will take place in which the Provisional Liquidator of Enterprise Insurance Company plc will present a report and recommendations to the situation. The statement includes the following: “To prevent the continued accrual of liabilities on an insolvent […]
By Ben Scott Marketing Manager A new standard rate of Insurance Premium Tax (IPT) will be introduced from October 1st 2016, increasing the figure from 9.5% to 10%. This Government decision was announced at Budget 2016. This increase in Insurance Premium Tax will not be favorably received following the previous one less than 12 months ago. Thankfully this time around the increase […]
By Georgina Bailey Marketing Executive The new five pound note comes into circulation on the 13th September 2016; it will take a few weeks for the notes to spread across the UK to shops, business and banks. The old £5 note will no longer be legal tender from May 2017 and therefore will not be accepted by shops. If after […]