It has been suggested that swapping from a car to a motorbike will make sense financially, something that is on the minds of many people at the moment.
The PR man from AA Insurance commented that many people are switching to smaller vehicles already, driven by both financial and environmental motives. Taking the step to a motorcycle helps in both these areas even more than a smaller car. He noted that they are easy to park, economical to run and also cheaper to insure.
There are currently just over 1.2 million motorbikes registered in the UK, though perhaps that figure is going to rise based on what the man from AA Insurance has to say.
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Zurich Insurance has named Theo Bouts the new Chief Operating Officer of Global Life, an arm of the Zurich group.
Mr Bouts is currently the CEO of the Zurich Insurance unit dealing with direct European business and partnerships, a role he will give up on 1 August to take up his new position. Having been with Zurich for only three years Mr Bouts has already taken a couple of key roles within the organisation, being seen as a key player in senior management.
His existing role is seen as critical to maintaining and developing a strong multi channel distribution policy, something Zurich Insurance do not want to lose. For this reason Mr Bouts will take a little time to fully hand over the reins of his existing role until a suitable successor is found.
The credit crunch has brought with it rising prices and access to borrowing much harder than it used to be. Looking at how this impacts on UK residents the Post Office, insurance providers as well as much more, have seen the over 50 market hit the hardest.
The rise in the cost of living has meant almost two thirds of the over 70s now use credit to buy basic food and groceries. This will be in the form of credit cards or overdrafts. Meanwhile 35 percent of over 50s can no longer put savings aside regularly said the Post Office insurance against harder times in the future.
Speaking of which a Post Office insurance spokesman urged people to make sure they are paying reasonable rates for their life insurance. An essential like this can still be bought effectively and as such leave a little more money for day to day costs.
