Moneyblog

It’s no secret that insurance premiums are rising. It’s also no secret that some insurance firms drive customers around the bend by trying to avoid paying claims. Too many won’t offer their best renewal price to existing customers, unless they’re prepared to call up and haggle. Oh, and then there are those sneaky admin fees to contend with as well. Add it all together, and it’s really no surprise that insurers are less trusted than estate agents, a profession that’s in no danger of being mistaken for a bastion of trustworthiness. But while the industry as a whole has a long road ahead if it’s to tackle the trust deficit,

A fixed rate bond does guarantee your rate of return – but you have to be prepared to lock up your cash for a set amount of time. Here are this week’s best buy four-year and over fixed rate bonds. Data provided by Moneyfacts.

Yesterday, Ross Clark argued over on Coffee House that the government’s Clean Growth Strategy – that is, a promise to insulate a million of the leakiest homes with the aid of £3.6 billion raised through the Energy Company Obligation (aka, a levy on all energy customers’ bills) – was a dubious government target. The strategy, while well-meaning in theory, is never going to work, he argues. Many would argue that another government strategy – that is, the push to install smart meters in our homes – is similarly dubious. Having said that, it’s all very well offering the new technology to people (though there have been reports of energy companies ‘bullying’

Remortgaging your home can be an excellent way of saving huge sums of money, or of releasing capital which might be needed elsewhere. For many people (well, those lucky enough to have a mortgage, that is), mortgage payments are their single biggest financial outgoing. So it makes sense to get the best possible deal on the market. Here are some of the best remortgaging rates available right now: Data supplied by moneyfacts.co.uk

Sir Richard Greenbury, the former Marks & Spencer chairman who died last week aged 81, was one of those choleric but thin-skinned corporate chiefs (Sir Alastair Morton of Eurotunnel was another) who never learned to handle journalists. The Telegraph reporter Kate Rankine famously caused him to blow his top at a 1997 press conference by asking when he intended to retire; he made matters worse by describing her later as ‘a silly little girl’. Editors who criticised the retail chain’s performance and his own perceived failure to reinvigorate it received blazing letters known as ‘Rickograms’, of which one to the female editor of Investors Chronicle began: ‘Dear Sir, What a load of old tosh…’

‘We are all going to live longer, so why not invest in it?’­ seems to be the premise of Jim Mellon and Al Chalabi’s new book, Juvenescence – Investing in the Age of Longevity. Mellon and Chalabi forecast that within the next 20 years, the average life expectancy in the developed world will rise to between 110 and 120. As Mellon explains: ‘The increase in life expectancy is due to environmental factors, the rise of universal medical treatment, antibiotics, improved diet. The next step [in science] is going to change the fundamental biology of the human being, by genetic editing, stem cells, pharmaceutical intervention, as well as tissue regeneration.’ Hooray,

The White Cliffs of Dover are, arguably, one of Britain’s most famous sights – immortalised of course by Dame Vera Lynn. So no wonder, then, that when the National Trust decided to launch a fundraising campaign to help them raise £1 million to secure a 700,000 square metre area of land on top of the cliffs, Dame Vera was chosen as the person to front the campaign. The National Trust already owns just under a mile of the White Cliffs of Dover, between the South Foreland lighthouse and Langdon Cliffs, which they bought in 2012. But at the beginning of September, after learning that the landowner of the area directly

Although the interest rates are rarely as good, sometimes you want a savings account that allows you to access your money whenever you like. Here are this week’s Best Buys, of easy access savings accounts. Data provided by moneyfacts.co.uk

Scams are nothing new. From the Nigerian Prince who needs our help transferring money to the glut of fake goods sold as genuine articles, scams are here to stay. But forget the cheap Louis Vuitton knock-offs – the new battleground is UK savers. UK savers are perfect targets. They have money readily available (at times tens of thousands of pounds) and are desperate to beat the paltry 1% that most big banks are touting. Over the last few years, savers chasing the best available rates have also become used to a lot of new names popping up in best buy tables. These new savings-focused banks include Charter Savings Bank and

The Prime Minister spoke today at the Bank of England to celebrate its 20 years of independence. But she has failed to recognise the irony of trumpeting the virtues of capitalism in the seat of monetary policymaking which has, for the past ten years, undermined many of the principles on which capitalism is based. In theory, the central bank operates independently of Government, but in practice, its unconventional monetary policies have acted as a democratically unaccountable arm of the Treasury. It is understandable that, in the face of the 2008 financial crisis, policymakers were looking for new ideas to save the banking system. They used monetary policy as the weapon

The ‘smart meter revolution’ is well and truly upon us, thanks mainly to a government campaign urging us all to have one installed in our homes. The £11bn campaign requires all energy suppliers to offer households a smart meter – which, in theory, should allow people to see exactly how much energy their house is using, and send meter readings to your energy supplier automatically – by 2020, or risk facing fines. With smart meters being offered for ‘free’ by energy suppliers, and the adverts sounding so appealing (after all, who wants to let ‘Gaz and Leccy’, as they’ve been coined in the publicity campaign, run wild in their home?),

If you’re on the hunt for a new credit card – and you’re planning on paying off your card every month – it might make sense to look for one which rewards you for using your card. Here are the best fee-free cashback cards on the market at the moment, according to data provided by moneyfacts.co.uk.

How much time would you say you spent in your car per week, on average? Of course it’s something that varies hugely from person to person, but I’d put money on the fact that it’s more time than you might think. Recent research shows that the average UK driver spends 8 hours a week in their car, which works out at 18 days per year. That’s just the average, though; in the North East, ten per cent of those questioned said they spent over 20 hours per week in their car, while people in London were most likely to drive for under an hour a week. Naturally, the more time

A few years ago, I was sitting at my desk late at night, frustrated by the latest sports financing project which I was working on at a large investment bank. Despite the iconic brand, large international fanbase and its many trophies, it was extremely difficult to find investors for this top-20 global football club. Time and again, potential investors struggled with the club’s volatile cashflow profile and uncertainty about its future revenues and performance. I asked myself: ‘If it’s this hard for this glamorous club to raise money, how are less fortunate teams coping?’ However, contrary to normal businesses, sports clubs have one major intangible asset which the institutional market

Owning a property in Central London is a dream for some, but a burden for others – if you are an accidental landlord, that is. An accidental landlord? But that I mean you were lucky enough to buy a property 20 years ago, then decided to move out of London – and were left wondering what to do with it. Rent it out? Sell it? Only a mad man would want to sell a property in London? Right. Wrong. Recent figures from property website Rightmove showed that this year, asking prices for homes in London have recorded their biggest annual fall so far this decade – having dropped on average by £18,000