TMH News Tumblelog

posted on 07.05.09 Free Life Insurance offer from The Money Helper

For a limited time, for any customers who take out up to £2,000 of Unemployment Insurance, we’ll include £10,000 of Life Insurance with a guarantee that the total cost of both covers will still be lower than any other Unemployment Insurance policy available in the market. Conditions apply.

To request your free quotation call on 0845 003 0065 or visit the website today.

Terms of offer:

offer is open to UK residents only.
applicants must be below the maximum age of 55 at the point of policy commencement.
policy comparisons must be on a like-for-like or ‘no worse’ basis with regard to policy excess, waiting period, initial exclusion period etc.
guarantee applies to applicants with standard risk profile only; although every effort will be made to extend this offer to applicants with higher risk occupations, hobbies or medical circumstances where possible.

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posted on 01.05.09 TMH News Tumblelog — Personal Insolvencies Reach UK Record High

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posted on 01.05.09 Personal Insolvencies Reach UK Record High

Official figures revealed today that record numbers of indebted people filed for bankruptcy in the first three months of this year.

Personal insolvencies in the UK - which include Individual Voluntary Agreements (IVAs) and bankruptcies - for Jan to Mar 2009 rose by 20% compared to the same period in 2008 to 29,744. This is the highest number recorded since records began in 1960.

Of these, the biggest proportion were bankruptcies, with a total of 19,062 people declared bankrupt, up 23.4% on the same period of 2008, according to The Insolvency Service.

These figures offer a glimpse into the reality of UK household finances, and this is expected to get even worse through the rest of year as this recession continues to takes hold and unemployment rises further. Some industry commentators have predicted that the number of bankruptcies may continue to rise for another three years.

Mark Sands, director of personal insolvency at KPMG believes the introduction of Debt Relief Orders, in conjunction with unemployment, could push the number of personal insolvencies to more than 150,000 this year.

These figures cover those who filed for bankruptcy and those who took out an IVA, a useful tool which allows debts to be frozen and paid off gradually with unaffordable debt waived, in some cases more than 50% of a persons debts can be written off.

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posted on 16.04.09 Post Office slashes jobless cover for PPI policies - 16 April 2009

The quality of unemployment cover continues to decrease while the cost continues to increase….

Fortunately, TMH still offer up to £2k of cover with nil excess for all employed applicants at low rates.

http://www.themoneyhelper.co.uk/unemployment_insurance.html

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posted on 16.04.09 Banking on bad advice - 15 April 2009

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posted on 30.03.09 Royal London suffers £762m loss
Royal London Group made a £762m loss after tax last year and its capital surplus shrank by some £1.1bn as a result of poor investment performance.

The poor performance is despite a 6% increas in UK life and pensions business as Scottish Life grew its presence in the income drawdown market.

On an IFRS basis, the group made a £432m loss after tax, down from a profit of £130m in 2007. Performance was worst of all on an EEV basis, making a £762m loss after tax, compared with 2007’s profit of £173m.

Royal London’s Insurance Groups Directive (IGD) capital surplus fell to £773m at the end of 2008, down from £1.9bn at the end of 2007, a £1.1bn fall. The group says £685m of this reduction is due to goodwill and assets acquired as part of its Resolution transaction not being admissible for regulatory capital.

The Resolution transaction brings the ‘Scottish Provident’ protection brand into the group as a stablemate to ‘Bright Grey’, also a protection brand and virtually a clone of the Scottish Provident business, as it was built from the ground up by the same team that built the Scottish Provident product range after they all left following the acquistition of Scottish Provident by Abbey.

Michael Cooke, protection specialist at The Insurance Helper commented that “We have worked with both brands both before and since the creation of Bright Grey and we find that they both continue to provide competitively priced life, critical illness and income protection insurance cover for UK consumers and have specialist products for businesses insuring their key staff, directors & shareholders/partners.”

For further information on the products of either brand or for a free quotation for cover contact The Insurance Helper on 0845 003 0065 or visit their website at www.theinsurancehelper.co.uk

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posted on 27.03.09 WARNING: Bridgewater House clients potentially exposed
The Financial Services Authority has issued a consumer warning about Manchester-based insurance company Bridgewater House UK

According to the bulletin posted on the FSA’s consumer portal ‘Money Made Clear’, they state that they are concerned that clients’ insurance policies may lapse due to non-payment of premiums and that the customers may not be aware that they may cease to have valid insurance cover in place.

Customers whose insurance premiums were previously being paid by Bridgewater House UK have also been strongly advised to ensure payment for the insurance policy continues.

If you are a client of Bridgewater House and have concerns, you should contact your insurance provider immediately to check the status of your policy and premiums.

Insurance expert ‘The Insurance Helper’ have leapt into the fray to help clients to check their policy status, you can call The Insurance Helper on 0845 003 0065 and by providing your policy details they will check your policy status for you plus offer you a free review of your insurance cover & costs.

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posted on 06.03.09 Bank of England prepares to print £75 billion of new money

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posted on 06.03.09 Comment functionality from Disqus

I’ve just installed the comment function from Disqus on my Tumblelog, so you can now make comments on this and all other posts right here on the blog.

Theres much more to the functionality offered by Disqus than traditional blog commenting, you can read more on this as posted on mashable here, as I will be doing soon and looking to implement this extended functionality.

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posted on 06.03.09 Travel Insurance Affiliates - Earn commission 2 levels deep

Leading UK Financial Services provider ‘The Money Helper’ has launched an affiliate program for webmasters wishing to promote Travel Insurance to their visitors.

Nothing particularly special in that, but what is special is the very neat integration offered via i-frame - just take a look at the i-framed travel insurance quote & apply page in action here

Also, even more exciting is the commission available on sales - affiliates receive up to 15% on policies taken out over their own link/page (starting rate is 10% for lower volumes), but also receive a massive 25% on sales from their immediate downline (1 level down).

yes, you heard right - 40% commission paid over 2 levels.

you can click to sign up as an affiliate using the travel affiliates sign-up form on The Money Helper’s website here AND once you have your affiliate code you can put the same sign-up page on your own site to recruit your own 2nd tier of affiliates to lock in that level 2 income.

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