MONEY

Motor insurers divided on proposals for whiplash ban

Motor insurers divided on proposals for whiplash ban

Insurers will be banned from settling whiplash claims without the “victim” undergoing a medical examination, under proposals published yesterday by MPs. The move was welcomed by some insurers. Simon Douglas, of the AA, said: “It’s high time that insurance companies are no longer regarded as a soft touch to obtain a few thousand pounds for […]

British Gas repays £1m for mis-sold deals

British Gas repays £1m for mis-sold deals

  British Gas was yesterday forced to pay back £1m to its customers after mis-selling them energy deals. The company’s sales people misled customers in Sainsbury’s stores and the Westfield shopping centre in west London by telling them they could save money by switching. But many paid more with Sainsbury’s Energy or British Gas than […]

Cash Isa rates slashed again in ‘unprecedented’ move for new tax year

Cash Isa rates slashed again in ‘unprecedented’ move for new tax year

Savers are facing rock-bottom returns on cash Isas as banks slash their rates in what experts say is an unprecedented move, just three weeks into the new tax year. Banks and building societies typically use this period to attract deposits from savers keen to set aside all or part of their annual Isa allowance early in the year […]

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