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Travel insurers overcharging, claims online provider

Big travel operators and retail chains are charging holidaymakers up to three times more than necessary for travel insurance according to online travel services provider Rapidinsure.

A survey by Rapidinsure, part of insurance and financial services company Berkeley Morgan Group, revealed people should shop around as prices vary rapidly for travel insurance.

It found for example Thomas Cooke charged someone travelling to Europe £39.99 for ten days cover, Tesco charged £21.57 and Rapidinsure charged £13.62.


Sergeant oversees regulator&#39s risk-based approach

Like Michael Foot, Carol Sergeant hails from the Bank of England.Sergeant, one of three managing directors at the regulator, is responsible for regulatory processes and risk directorate, a role she assumed on June 1. She has control over authorisation, enforcement as well as the new risk-assessment division for the FSA.It is her team that dec-ides […]

MMA slashes cost of sites

My Money Adviser is slashing the cost of its IFA websites in a bid to secure market share.IFAs already registered with the website provider will see next year&#39s monthly rate cut by two-thirds as MMA guarantees that anyone signed up to the service by the end of this year will pay £100 a month for […]

Gaskin leaves Exchange after takeover

Exchange managing director Jim Gaskin is leaving the firm following its takeover by Marlborough Stirling and just a year after joining from Misys IFA Services.The departure of the former Misys IFA Services chairman follows Marlborough Stirling&#39s £87m takeover of the portal which was rubber-stamped by shareholders on Friday.Gaskin, will remain in the post until the […]

UCB Home Loans raises remortgage limit

UCB Home Loans has increased its limits on capital raised through remortgaging to a maximum of £70,000 from £50,000 additional borrowing over the amount of the existing mortgage. The overall maximum amount under the new limits, which took effect from November 1, is 85 per cent of the value of the home. The specialist lender […]


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