Martin Lewis claims car insurance firms use loopholes so existing customers pay ‘premium’

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Martin Lewis has warned car insurance companies may be using loopholes to ensure existing customers continue to pay more.Car insurance firms used to be allowed to increase their monthly prices for their current customers every year.However, this was banned by the Financial Conduct Authority (FCA) back in 2022 to make the market fairer for consumers.But, despite this, Martin...

Corporate actions this week: Waaree Renewable Tech to go ex-split; SBI Life, IIFL Securities ex-dividend and more

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There are a host of corporate actions scheduled for this week. SBI Life Insurance Company, IIFL Securities, and Kirloskar Ferrous Industries will trade ex-dividend, while Waaree Renewable Technologies will trade ex-split this week.On Thursday, 14 March, Data Infrastructure Trust and Wonder Electricals (Re 1/share) will trade ex-dividend.Meanwhile, Autoriders International (Rs 0.5/share), IIFL Securities (Rs 3/share), India Gelatine &...

Corporate actions this week: Waaree Renewable Tech to go ex-split; SBI Life, IIFL Securities ex-dividend and more

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There are a host of corporate actions scheduled for this week. SBI Life Insurance Company, IIFL Securities, and Kirloskar Ferrous Industries will trade ex-dividend, while Waaree Renewable Technologies will trade ex-split this week.On Thursday, 14 March, Data Infrastructure Trust and Wonder Electricals (Re 1/share) will trade ex-dividend.Meanwhile, Autoriders International (Rs 0.5/share), IIFL Securities (Rs 3/share), India Gelatine &...

Paytm Payments Bank was ‘a risk that the political system couldn’t take’

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On November 18, 2021, Vijay Shekhar Sharma took to the stage at the Bombay Stock Exchange, wiping away tears as he addressed the crowd. His company, One97 Communications, had just completed India’s largest IPO ever, raising $2.4 billion and vaulting Sharma and his company to Indian tech stardom.  One97 Communications was better known as the parent company of Paytm,...

Insurers warn against flood barriers to shield homes and say housing on flood plains must stop

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Companies call for a new tax to spread the cost of insuring the risk Insurance companies have warned of their concerns about householders using demountable flood defences to protect their homes in the wake of storms last year, according to documents obtained under Freedom of Information (FOI). They also believe government departments should work more closely with insurers to...

Insurers warn against flood barriers to shield homes and say housing on flood plains must stop

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Companies call for a new tax to spread the cost of insuring the risk Insurance companies have warned of their concerns about householders using demountable flood defences to protect their homes in the wake of storms last year, according to documents obtained under Freedom of Information (FOI). They also believe government departments should work more closely with insurers to...

26 lakh insurance policies discontinued in 14 years

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More than 26 lakh insurance policies have lapsed in Bangladesh in the last 14 years owing to a raft of factors including the worsening of financial health of clients, a lack of awareness among them, and agents' tendency not to explain product features properly while selling...

Does providing gig workers with unemployment insurance create a moral hazard?

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Non-standard workers doing short-term, flexible jobs are a growing segment of the labour force, which poses difficult questions. Is it good policy to provide unemployment insurance to them? Do people engage in gig work by choice? And should they be rewarded for it? Jonas Kolsrud and Johannes Spinnewijn explore the issue and argue that many gig workers...

Rishi Sunak vows to squeeze benefits in bid to scrap national insurance

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Rishi Sunak has told how he hopes to reduce benefits for those who are at a working age so national insurance can be scrapped.The Prime Minister said he wants to make  “significant progress” towards eliminating the tax during the next parliament if his party remains in power after the next General Election.In an interview with the Sunday Times,...

Rishi Sunak hints at welfare squeeze to fund plan to scrap national insurance

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“All that money ultimately goes into the same pot to fund public services. So … our long-term ambition is to end that unfairness, to keep cutting NICs until it’s gone, because that is the best way to reward hard work, simplify the tax system, and build the kind of society that I think is right,” he said. Source link...