Insurance news

• Expensive and worthless: the whole of life insurance plans sold to millions

  28-05-2016 08:00
  
  Many people are facing huge hikes in premiums, and discovering that the controversial policies sold as investments are anything butSince the late 1980s Kusumben Amin, now 82, has scrimped and saved to build a nest egg for her two daughters. But after handing over £35,000 to a reputable insurance firm over a period of 29 years, she has now discovered it is worth a paltry £1,227.Although Amin, who speaks little English and reads none, thought she had taken out a savings policy, what sh
  
  Read more

• Older drivers should carry on until 75 before renewing licence, says review

  28-05-2016 00:36
  
  The Older Drivers Task Force says current ruling can lead to depression among over-70s and a great burden on care systemOlder motorists should be able to carry on driving until they are 75 before renewing their licence, an official review is reportedly expected to conclude.
  The Older Drivers Task Force, established in 2014 to support people later in life to drive safely, will recommend to the government in July that the current mandatory renewal age of 70 is raised.Related: Seniors hit back at '
  
  Read more

Follow @Insurance_UKnws on Twitter!