post-test courses 'can reduce insurance premiums' by Finance News Bulletin
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Published: 06/12/07
Young drivers hoping to reduce the price of their car insurance are being advised to carry on improving their driving skills after they have passed their examinationAccording to one insurer, attending a post-test driving course can denote cheaper driving insurance premiums as well as helping to keep the driver safeNorwich Union says that schemes such as Pass Plus, which is sprint by the Driving principles Agency, can allow new drivers to improve their road skills and potentially put aside some cashA spokesperson for the provider said: "We would recommend ongoing and usual training for novel drivers
It can help them with their street safety skills"The Pass Plus scheme is one of these schemes We give a ten per cent reduction for people that have taken the Pass advantage scheme A lot of insurers will be offering some kind of discount
"In related information, young people are being given road safety advice which could help to prevent them from having to claim on their automobile insuranceRoad safety charity Brake and transport solid FedEx have launched a new Road security Academy where students at Sandhurst School are receiving lessons about the dangers of speeding and failure to wear a seatbeltTerms of employ Advertising Resources Product guides Press releases About us
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Liquidity question hangs over leading property funds - Published:04/12/07
All times are London time look for News in the FTcom siteSearchSearch speech marks in the FTcom sitespeech marksYOUR MONEY Your investmentsBreadcrumb trail navigation:FT house > Your money > Your investmentsServicesThe natural impulse of investors to flee a commercial property marketplace going through its worst period since the near the beginning 1990s has begun to test liquidity levels in sure UK fundsThere are worries that UK property funds will not have the money to pay exiting investors, and will be unable to sell possessions fast enough in what is a tough transactional market to lift the money“There is obviously a mismatch between the illiquidity of the asset and the liquidity of the faith structure, which investors could find to their price,” says Mike Prew, Lehman Bros property analystThis week, FT cash contacted every fund manager in the sector to measure sentiment, and ask whether liquidity levels had reached a crisis pointReassuringly, none said there was any immediate danger of preventing investors from send-off – although many reported that they are now selling properties to make sure liquidity levels are maintained saver flows are now flat or unenthusiastic in almost all fundsMost admitted worries for the short term, particularly if investor sentiment continued to acid, but expressed expect that investors would stand by property as a long-term asset and an important portfolio diversifier They also said the overall return this year will be flat, with a alike performance predictable next yearOn the face of it, the market does not inspire self-assurance In September there was the first monthly decline in total income since 1992, with income then sliding between 2 and 5 per cent in the last few months and forecast to carry on to decline for anywhere between six to 24 monthsClosed-ended funds and property companies have knowledgeable crashing net asset values, and even more disastrous share price performances Shares in Real Estate asset Trusts (Reits) have dropped some 38 per cent in the day to date, suggesting the marketplace is pricing in further falls in asset valuesThe performance of open- broken funds invested in property shares has been similarly dismal, but while they undergo by having to sell shares into a miserable market, at least they can lift cash to pay departing investors The new worry is that unrestricted funds invested directly in property will struggle with thisTo date, the awful news has all come from institutional funds Last week, M&G said institutional investors in an offshore property fund would need to stay three months to exit, while Schroders put a similar time boundary on a property faith and cut the value by more than 12 per cent William mount, head of property at Schroders, admits “the market has moved and there is nothing to be gained by us putting our heads in the rub down and pretending otherwise”Charles Cade, analyst at Winterflood Securities, expects the investor exodus to continue and believes that the main retail funds could now also be compulsory to impose limits on redemptionsTo do so, funds would have to apply to the Financial armed forces Authority (FSA) for the right to defer payments, something that was last called on in the property sector by a housing fund run by Henderson in the early 1990sThere are around 20 authorised property component trusts easily available to the UK investor The main, run by Norwich Union, has seen fluid assets drop from 184 per cent at the finish of July to 124 per cent at the finish of October The fund’s dimension has dropped from £41m to £36mNorwich Union would not comment on whether it would need to sell possessions, but others are less shy Barry MacLennan, director at Standard existence Investments, says its fund has built up a healthy 28 per cent in liquid possessions, partly through property sales since the summerLegal & General’s property faith has seen liquid possessions drop from 192 per cent at the finish of July to 17 per cent this week But unlike most in the sector, Mike Barrie, manager of fund organization at L&G, says investor flows are still positive, although the last few weeks have seen redemptions rise The fund has already sold property to uphold a “prudent” cover for exiting investors, he saysThe SWIP property trust has around 7 per cent in cash, down from 115 per cent at the finish of July A spokesperson says that it “has money within the fund to meet redemption levels”New Star has sold some equities from its possessions trust, raising the cash place The fund now allocates 152 per cent to shares, from 173 per cent at the finish of July, and 95 per cent in cash, up from 78 per cent There have been total redemptions of around 5 per cent since JulyM&G says flows have lately turned negative in its possessions fund, with daily withdrawals at around £1m last week, but adds there is a liquidity shock absorber of some £70mJohn Willcock, manager at Threadneedle, would not comment on the exact level of liquidity within its finance, only saying it was “healthy”Jonathan Polin, a manager at Resolution, says flows have turned “slightly unenthusiastic but stressed that overall redemptions had proved quite small so farLike most in the division, Resolution’s fund moved to its “cancellation price” some time before, he adds, which means that exiting investors receive the lowly possible unit pricePolin says the fund has a liquidity level of around 10 per cent, which has been quite static He stresses that property is still a good investment in malice of the cyclical slumpMacLennan of Standard Life says predicts a “short, pointed shock”, rather than a sustained slump “The sentiment is worse than realism at the moment,” he adds Copyright The Financial Times Limited 2007collide could be even worse than 1990s - Oct-26Property derivatives point way in wake of credit press - Oct-26Invista tactics to sell off more assets - Nov-30M&G to limit possessions fund redemptions - Nov-22London tops possessions survey - 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Read More: Liquidity Question Hangs Over Leading Property Funds >>Direct Line praised in online home insurance survey - Published:11/09/07
Customer knowledge analyst Global Reviews has revealed the best performers in the online home cover marketThe best all-round website was deemed to be straight Line, followed by Norwich Union and Tesco FinanceOnline providers were used by 66 per cent of people to search for home insurance in the last day, the review found Next year, that percentage could grow, with 81 per cent pregnant to use the internet to look for a policyAdam Goodvach, of worldwide Reviews, said that there was a broad variation in people's experiences of online providers"Many websites focus on quotes and applications, at the cost of policy and claims information," he warned"There is a clear chance for companies to improve customer conversion and build faithfulness by adapting the knowledge to meet customer needs"This week, Direct Line advised people who have bought expensive items to create sure.
Read More: Direct Line Praised In Online Home Insurance Survey >>Top ten property reports: February - Published:07/03/07
information Companies & markets Investing Power portfolio Campaigns Mortgages & homesMortgage featuresInsurance Consumer advice Broadband & phones departure Saving & banking Credit & loans Small commerce Tax & wills Message boards Money blog Tools & calculators Ask an specialist Guides Compare & buyThe campaign against rip-off mortgage exit cost won a major victory when lenders were prearranged to either lower charges or justify their increases by supervisory body the Financial Services Authority last monthLAP OF LUXURY: A account that flats in bonbon & bonbon's One Hyde Park development have been valued at £84m each grabbed readers' attentionA QUICK cash MAKEOVER If you only have one minute to learn how to sort your finances, not remember the rest and read this>> Our 8-step planUnsurprisingly, how to get a refund was the large question being asked by mortgage clientele and exit fees were the most well-liked subject with This is Money readers in FebruaryReaders have emailed us to say they have reclaimed big chunks of £200-plus way out fees and thanked This is Money, Richard Dyson and the Financial Mail on Sunday side and the Daily Mail's cash Mail staff for campaigning against the feesLong-time favourite buy-to-let again registered a fit interest in the large stories for February, with a readers' question on how to hit rising interest rates striking a chordThis is Money also took a glimpse into the world of the super-rich, by looking at London's £84m flats and exposed that Poland is leading the race for international possessions investingWe've compiled a full list of lenders' fees, to help you work out how much you might be able to reclaimThe housing market is showing signs of slowing Lucy Farndon looks at the forecast for house prices in the pending monthsI bought a buy-to-let property three years before My fixed-rate mortgage is about to run out and the rent will only now cover the repayments What should I doBuy-to-let is no longer the headline grabber it once was, but many investors are still keen Read This is Money's top ten buy-to-let tipsThousands of populace will be looking to remortgage as a result of the bank rate rise This is cash picks the best dealsNorwich Union is puzzling policyholders about who will get windfalls if its proposed sharing of £4bn goes aheadThe highest British price for a flat has been shattered by four flats overlooking Hyde commons which are on sale for up to £84m each - a evidence even for London's super richNorwich Union owner Aviva wants to plate out £4bn of surplus assets We ask its 'policyholder advocate' what the diagram meansThe European housing market shrugged off forecasts of a hold up in 2006 with Scandinavia and Eastern Europe most important the wayMortgage customers hit with unfair fees when they shut their accounts can get £200+ back from the greedy lenders Find out more and follow our simple guide© 2007 linked Northcliffe Digital Ltd Terms Privacy policy promote with us LoansCardsMortgagesInsuranceCompare the best deals around with This is cashPlease choose a loan£ Select a loan term 12 months (1 day 24 months (2 years) 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 years) GO novel credit cardPick your favoured card offer Please decide 0% introductory rate No annual fee Cashback Loyalty scheme All of the above GO equilibrium transferPlease select a type of insurance Life insurance house and contents Car Breakdown armed forces Health - medical Health - dental Travel Pet - dog Pet - cat GO RECLAIM ALL FEESAdvice/template mailBUY-TO-LET TIPSThinking about investing in possessions This is Money has the.
Read More: Top Ten Property Reports: February >>