The cost of setting up the personal accounts pensions system may be four times estimates, the Association of British Insurers (ABI) has warned.
Stephen Haddrill, director general of the ABI, told the Work and Pensions Select Car insurance price it could cost 20 to set-up an individual personal account.
The government had hoped set-up costs could be […]
Age: 40Business: Chief executive of Yukos, Russia’s biggest oil company since its merger with rival Sibneft.
Worth: About $8bn, making him possibly Russia’s richest man.
Pedigree: Left the Soviet Communist youth league to set up a banking business at the end of the Soviet era. Moved into oil and gas in 1995.
Hobbies: Funding liberal Russian opposition parties.
Where […]
A new law has come into force banning drivers from using mobile phones while at the wheel. Only it’s not quite as car insurance dallas as that…
Traffic police are going to have their work cut out from 1 December, as new laws come into effect clamping down on drivers using mobile phones.
A quarter of drivers […]
The White Paper proposes to lower the number of years it takes to earn a basic state pension to 30.
At present, women have to work 39 years to earn a basic state pension and men 44.
John Hutton, Work and Pensions Secretary, said the reform would boost the percentage of women retiring with a full state […]
The Pensions Commission has published its final report, proposing a series of far-reaching reforms to the UK pensions system. It says there are significant problems with the current model, which will worsen unless action is taken.
BBC News explains the key findings.
What has been proposed?
The headline proposals are:
Increase the state pension age for men and […]
Two thousand motorists could be driving illegally after a major insurer failed to renew their policies despite telling them it would.
High performance car insurance Insurance (CIS) has admitted it sent out letters and certificates to these customers but did not take the money to renew their motor insurance cover.
The company is writing to the customers […]
Insurers have urged the government to reject the Pensions Commission’s model of a national savings scheme.
The Cheap student car insurance of British Insurers (ABI) said that setting up the scheme would be expensive and unnecessary.
Under the Commission’s plan, people would be enrolled into the scheme but with the right to opt out.
The ABI said […]
Flagging sales and the rising cost of employee healthcare pushed General Motors to a net loss of $1.1bn (576m) in the first three months of 2005.
The world’s biggest car maker warned in March it would drive deep into the red, but the loss - the worst since 1992 - is at the top end of […]
US carmaking giant General Motors (GM) is expected to unveil another drop in profits later this week.
This would mark the group’s fifth quarterly drop in earnings and thus add to the ever-growing chorus of concern about the Discount car insurance company.
The predictions come despite the group racking up its best worldwide sales - 9.2 million […]
Mitt Romney, who announced in February 2007 that he was seeking the Republican Party’s nomination for president in 2008, has had a varied career as a businessman, the organiser of the 2002 Winter Olympics, and governor of the state of Massachusetts.
But much of the attention that he has attracted has been the result of two […]
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