Clampdown on whiplash claims has saved insurers £1bn - but car owners are still feeling

Insurers are starting to win the battle against false personal injury claims, including whiplash. But there are questions over whether £1billion in savings are being passed on to honest customers. The number of insurance claims for personal injury following an accident has fallen dramatically in the past three years - a drop of nearly six per cent to 770,000.

Property consultants Colliers International said thousands of firms in the North of England and the Midlands who had been expecting an immediate benefit are likely to be disappointed.

As the City watchdog unveils mis-selling from the middlemen, we explain how to seek and

Anyone with car, home, travel and warranty insurance policies bought via 'middlemen' instead of directly from an insurer should check their policies to ensure they are fit for purpose. This warning comes after the City regulator, the Financial Conduct Authority, uncovered widespread poor sales practices and evidence of mis-selling to customers who bought via a third party.

Marshall Wace, whose boss Paul Marshall is a former Liberal Democrat donor and philanthropist, has been betting on the bank's shares falling since at least February.

I retired in May 2015. While sorting through old documents, I came across a 1968 letter confirming the offer of a job with insurance broker Bain in Leeds.

We look at the key questions facing customers as they seek safeguards for their holidays - and analyse the protections offered by ATOL.

Like
MailOnline

Follow
@MailOnline

   

DON'T MISS

MIDAS SHARE TIPS: Uranium miner Berkeley Energia promises us a brighter future

Salamanca is one of the most beautiful, historic towns in Spain. It is also a short drive from the only sizeable new uranium mine being developed in the world today. The mine is run by Aim-listed Berkeley Energia and its shares, at 47p, should rise substantially as the project moves towards production.

Dominic Chappell's private company appears to have made a 'deliberate decision' not to pay its tax and VAT bills, according to a report prepared for MPs.

The airline's existing Air Travel Organiser's Licence (ATOL) was due to expire at midnight on Friday after the company was forced to deny speculation that it was in financial trouble.

Sources close to the company and the regulator said the two sides were still 'some distance apart' after Ofcom earlier this year said it wanted BT to set up Openreach as a legally separate company.

Is Deutsche Bank another Lehman Brothers? Almost certainly not.

The company is currently paying £270million over a ten-year period but falling yields on long-term investments mean the supermarket giant is facing a larger pension gap than anticipated.

Bug busters: From hordes of hornets to toxic caterpillars, pests can wreak havoc - how to

An invasion of killer bugs and fungi could wreak deadly and costly damage this autumn. The Mail on Sunday looks at the threat posed by pests - with a skull and crossbones rating - and how best to eliminate them.

JEFF PRESTRIDGE:  Companies must keep their promises on 'final salary' pension schemes

These pensions, commonplace in the 1980s and 1990s, are usually portrayed by experts as 'deluxe' because they provide workers a retirement income according to a relatively simple formula - years worked and their final salary on leaving employment. The more years worked and the higher the final salary, the better the retirement income you will get. Let's hope the Government does not get bullied (or bamboozled) by big business into allowing companies to renege on pension promises made to workers.

Last March, I was persuaded to have any winnings from my premium bonds paid straight into my bank account. This worked for the month of April, but winnings since then have not arrived.

Rising gold prices this year, helped in part by concerns over Brexit, have provided handsome returns for investors with money tied up in gold funds.

Former Pensions Minister Steve Webb is This Is Money's Agony Uncle. This week, he replies to a reader planning to sell a £25.45 a month annuity when a new market launches next April.

There are no music stars fit to follow the Stones: Harvey Goldsmith on ticket resellers

Goldsmith is furious with huge ticket resellers - such as Viagogo and StubHub - which he says snap up tickets and sell them at a vast profit. Goldsmith says that he has been talking about this for 25 years and still hasn't made any progress. 'Successive governments have totally ignored the issue. The standard response is "But where would we get our Wimbledon tickets from?"

A quarter of those under 25 years-old are borrowing to pay their utility bills and 16 per cent resort to a credit card to pay their rent.

Funds shut their doors at the end of June amid fears the Brexit vote in the EU referendum could cause a property price crash as a flood of panicking savers tried to get their cash out.

I bought property, the stock market is for gamblers: Withnail & I star Richard E. Grant on

Hollywood actor Richard E. Grant has never borrowed any money for fear of not being able to pay it back. Grant, who shot to fame in 1987 for his role as Withnail in cult film Withnail & I, says 1988 was the best year of his life financially and he made more money that year than he had ever dreamt possible.

Sound like a five-star hotel? That's the point. These are the sort of no-expense-spared apartments in bespoke retirement developments that are designed to appeal to baby-boomers.

Data released by Forbes reveals where today's billionaires live in the world, with almost a third of them residing in the U.S.

Do you have an old Beano? Then you have an investment that could be worth £20k

Blimey! The value of old Beano comics is soaring as nostalgic investors snap up comic strip jolly japes they first enjoyed in their childhood. Last week, publisher DC Thomson launched a Beano website to complement the comic - enabling young fans to also read about Dennis the Menace and The Bash Street Kids on smartphones and tablets.

On hold: Small firms lag behind in mobile revolution as just 17% have a mobile-friendly

A nationwide study of 2,000 small business owners and more than 2,000 consumers has revealed the stark gap between business owners who have failed to modernise and their customers' expectations over browsing, ordering and paying. Of the small businesses surveyed, 44 per cent had never reviewed how they take payment from customers, despite the arrival of digital wallets, contactless payment and the smartphone.

Households are responsible for half of all food waste in the UK, binning more than £12.5billion of edible food a year, at a cost of £700 to the average family.

In the UK, Pots & Co will be trialled by wholesaler CostCo on five weekends at its food show, from this month.

Boomf allows customers to upload pictures that it prints on edible marshmallows and sends as gifts.

Paris Motor Show 2016: 10 real-world cars you should be excited about

Everyone loves a crazy concept vehicle or a bank-busting hypercar, but the reality is these aren't the cars 99% of us will be looking to buy in the next six months. These 10 models, however, are. Top, left to right: Land Rover Discovery, Kia Rio, Citroen C3, Honda Civic, Mercedes AMG GT Roadster, Nissan Micra, BMW X2, Suzuki Ignis, Skoda Kodiaq.

Jane Walker, from Heswall in Merseyside, made repeated requests for help and information from Premier Foods' pension scheme, but got nowhere until This is Money intervened.

The charges - enforced at the beginning of April 2017 - will increase BT's annual valuation fourfold, from £165million to £743million.

I want to buy a patch of my neighbour's garden which is taking a chunk out of my garden

Buying a small patch of land from your neighbour may seem initially like a straight-forward process, but here are some of the issues that could trip you up unless they are addressed.

Which? found glaring holes in what qualifications advisers claimed to have and what they officially held during spot checks of listings on two specialist search sites.

Investors are carefully eyeing up the prospects for the US election, while also worrying about European banks and a 'hard Brexit'. We look at why.

Property values in 'silicon hubs' of Cambridge, Reading and Oxford soar in last five years

In Cambridge, which has 15 tech jobs per 1,000 people, house prices have soared 58.7 per cent in the last five years to reach £442,518, the analysis of Office for National Statistics and Tech City UK data by Property Partner shows.

The average UK home was £10,430 more expensive than last year at £206,015, an increase of 5.3%, slightly lower than August's 5.6% increase.

Students are leaving university with debts of almost £50,000, as raised fees and sky-high interest rates kicks in. Changes mean they now pay 18 times the Bank of England base rate.

Cashing in on the house price boom! 40,000 new property millionaires have been created

Some 660,900 homes across Britain are estimated to be worth at least £1 million - an increase of over 40,800 since January. Yet not everyone is getting a slice of the property boom pie it seems, as four out of five (82 per cent) of the houses are in London or the South East of England. And London, home to 60 per cent of the million-pound properties, takes all top 10 spots in the country's priciest streets. At the top of the list is Kensington Palace Gardens (1) where an average house costs a cool £38.26 million. In The Boltons (2) the typical price is £33.31 million, compared to Grosvenor Crescent (3) at £21.64 million and Ilchester Place (4) at £12.77 million. Fifth is the upmarket Manresa Rd (5), where on average a house will set you back £13.28m.

Buy-to-let landlords are to face more pain after a regulator announced tough new rules - and some may have to put down an extra £15,000 deposit before they can get a home loan.

How £10K invested in shares beat cash savings by £90k over 30 years

While the stock market goes up and down, when it comes to investing it seems that it's worth playing the long game. A £10,000 investment in the FTSE 100 in 1986 would now be worth an impressive £126,867. If you had left the same amount in an average savings account, it would be worth £28,196 - almost £100,000 less.

Two-fifths of working age people do not have a decent savings buffer, says the Money Advice Service

More than 16 million working age people across the country have less than £100 in savings available, research has found. Two-fifths (40%) of working age peop...

The number of inheritance disputes reaching the High Court each year has soared to a record high due to the intricacies of modern family life and rising property prices, according to a law firm.

Deutsche Bank gets a £6.6bn lifeline: Shares leap 13.2% on rumours US authorities have

The beleaguered German lender appeared to strike a deal with the US Department of Justice over penalties for mis-selling toxic bundles of mortgage debt sold in the run-up to the financial crisis. It was feared the original fine could destroy the bank, which has lost more than half its value in the past year and is now worth just £13bn.

Leicestershire-based Samworth Brothers, which employs 8,500 people, made the payment after profit increased 27 per cent to £47million.

Hat Trick Productions, the company behind TV hits such as Doctor Thorne, clawed its way back into the black last year.

Pound on track for worst run since 1984 despite economy showing pre-Brexit growth

Consumers continued to spend in the run up to June's referendum, with the key services sector managing a 0.4 per cent increase in output in July, which helped overall GDP figures to be revised up to 0.7 per cent in the second quarter, from 0.6 per cent.

The lender, which is still 73 per cent owned by the Government, must separate its investment banking operations from its High Street arm by 2019.

Earlier this week the Swedish fashion chain revealed a controversial advert featuring shaven-headed women and models with hairy armpits.

How long should you fix your mortgage for?

Even at a time when we are stretching our finances further to afford a home, moving less, and pushing mortgages beyond 30 years, we still remain captivated by two-year fixed rate deals. Five-year fixed rates offer both historically cheap money and some financial security. And yet, a two-year fix is cheaper. So, when the mortgage industry tempts people in with these teasers they don't need much convincing.

Thrifty motorists can leave their vehicle at a car park in Dewsbury, West Yorkshire (pictured), for up to 10 hours and still save themselves £5 on the hourly cost in London's West End.

Ferrari reveals the open-top LaFerrari Aperta hybrid hypercar

A convertible version of the £1.1million hybrid LaFerrari hypercar has long been teased but now it is officially here... and categorically sold out. All 209 have been promised to Ferrari's most devoted customers. It uses the same 6.3-litre V12 engine and electric motor combo as the 950bhp coupe. Officially unwrapped at the Paris Motor Show on Thursday morning, Ferrari has confirmed the roof-down stunner will use the Aperta name - the Italian for 'open'.

This two-seat sports coupe is called the Trezor, and although it is highly unlikely to ever make it into production it does hint at the future direction mainstream Renault models will take.

VW's reputation is up in smoke at the moment - quite literally a smog of diesel-emission pollutants. But the carmaker hopes to regain customer trust with a raft of new electric cars due in 2020.

Five doors, a big boot and 300bhp-plus - these are the two latest hot hatches that are due to go head-to-head with the Ford Focus RS next year, and neither are what you'd call understated.

Land Rover has launched its new Discovery not with a glitzy bash at the Paris Motor Show but a stunt on home turf featuring a record-breaking Lego replica of London's Tower Bridge.

50 money-saving tips to make you richer

Money Mail was launched 50 years ago today to help families make their cash work harder. To celebrate we've compiled 50 of our favourite tips and tricks to help you save. From parking your car on a stranger's driveway to never going into a pound shop, there's something for everyone, whatever the size of your wallet.

Households looking to spread the cost of a large purchase can now do some over up to 28 months interest-free with Tesco Bank's new credit card.

Price comparison websites, which have become a fundamental tool for millions of Britons looking for better banking, energy and insurance deals, are to be examined by the CMA.

Zoopla offers chance to invest in buy-to-let for as little as £100

Zoopla is best known as a place to find a house to buy or see yours up for sale.But now the property listings site has branched out with the launch of an 'invest' channel, which allows users to put money into a property Isa or back buy-to-let mortgages through a peer-to-peer lending scheme.

The boss of The Society of Motor Manufacturers and Traders, fears ministers are being 'blinded' and 'lulled into a false sense of security' by Britain's current success.

Long-haul destinations such as Mexico, the Dominican Republic, Cuba and Sri Lanka have grown in popularity while trips to the Canary Islands, Cyprus and Cape Verde are also selling well.

How two former GB swimmers took Neat from start-up to Net-a-Porter deal

Neat Nutrition's popular protein supplements now grace the virtual shelves of Net-a-Porter and Mr Porter across Europe and the US. Not bad for a start-up that's only been trading for a year. Here the two former GB swimmers behind the company, Lee Forster, 33, and Charlie Turner, 32, explain the secrets of their success.

Savings deals that you MUST ditch as big bank rates set to fall as low as 0.01%

Today, Money Mail names the savings accounts and Isas you need to ditch right now. A string of cuts in the pipeline will see rates on accounts offered by the big banks cut to as little as 0.01%. Better rates - in some cases worth four times as much interest each year - are on offer from other providers.

Can you trust a firm that says it can get rid of your timeshare?

Thousands of families signed up to these deals in the 1980s and 1990s. Often, families are concerned the small print will mean the service fees pass on to their children when they die. Typically, customers come across Itra as they seek a way to offload an unwanted timeshare.

Financial life 50 years ago: Wages paid in cash on Fridays and tax at 95%

When the Daily Mail was dropped through Britain's letter boxes on Wednesday September 28, 1966, it contains a new feature called Money Mail. Our first headline was: 'You slaved for your savings - now make them do the same for you.' The aim was to help ordinary families make more of their money - just like it is today. We look at financial life back then and how it has changed.

Parents can make their children millionaires by the time they are 38 by making the most of Junior Isas, cash gifts and stakeholder pensions.

I'm disabled and parked on the ground floor of a car park as the lifts were out of use on the 3rd floor. Despite this, I was fined £35 which I paid. Now the Council want £422.

Five of the best seven-seater cars

They used to be a rarity, but seven-seaters are an everyday part of the motoring scene now. That means there's plenty of choice, so What Car?'s experts picked us five of the best.Clockwise from top left: Land Rover Discover Sport, Audi Q7, Ford Galaxy, VW Touran. Centre: Volvo XC90.

Motorists are still pining over the loss of paper discs on their windscreens despite them being scrapped two years ago this weekend.

The Government has cracked down on online criminals impersonating official email addresses. Spooks at the National Cyber Security Centre can identify the rogue emails while still in cyberspace.

Josh Browder on his whirlwind year thanks to website fighting parking tickets

We speak to Joshua Browder in the latest of our regular 'a coffee with...'  series - in which we invite colourful characters in the world of finance for a chat at the This is Money HQ. The 19 year-old's fortunes have had a meteoric rise in the last year thanks to the creation of his website donotpay.co.uk.

Savers have been stampeding to cash in their gold-plated pensions under new rules which allow customers to take their retirement pot as a lump sum.

Unlike most credit cards, which charge an extra fee for spending in shops and withdrawing cash, the new Platinum travel card has no fee until the end of August 2018. After that, a 2.99 per cent fee applies.

Santander blames a 'systems error' in mystery of the lost £80k in shares

I'm a financial adviser, whose clients - a retired couple - have suffered extremely poor service from Santander. In early 2016, the wife held about £160,000 of shares in a Santander unit trust. In order to make use of her husband's unused capital gains tax allowance, she planned to transfer about half of her holding to him.

We could never have held to account such giant firms as Barclays, HSBC and Lloyds without brave whistleblowers giving us the scoop on the wrongdoing they had witnessed.

Over the years Money Mail has fought the fraudsters, highlighted dodgy dealings and government incompetence and exposed all manner of scandal and rip-off.

Monthly income seekers have suffered as they look to make their savings boost their pension. Three years is a long time to tie up your money for very little extra income, when rates are at a historic low.

From the moment I became Money Mail editor, I became a tyrant of scrimping and saving. I despise waste, and I hate the profits that many firms make out of our apathy.

Most affordable commuter towns revealed including Wellingborough

The average house price in the Northamptonshire town comes in at around £183,345, compared to £740,000 in central London. Lloyds bank suggested that workers willing to commute for an hour would save themselves £450,000 when buying a home.

The RAC said just 4,200 motorists applied for the grant between April and June, compared with 17,500 during the previous three months.

Thirty-six per cent are tied up in a joint mortgage with their former partner, while 30 per cent are caught up in joint tenancy agreements, research by the Debt Advisory Centre reveals.

£1.6 trillion Chinese debt crisis that could sink us all: Fears trouble in the east will

Exports of British goods to China have risen sharply over the last two decades, jumping from £877m in 1998 to £15.5bn in 2014, making the country the UK's sixth biggest market. But sales to China of goods stamped 'Made in Britain' fell 22 per cent in 2015 to £12.1bn with car exports down a thumping 37.5 per cent.

Brexit has acted as the catalyst for major US banks to carry out 'radical surgery' on UK operations, including cost cutting and shifting hiring plans from London to rival cities, DHR International said.

The lack of opacity at the European Central Bank makes it hard to track what is happening but it would be negligent if some contingency planning for a potential problem was not taking place.

Rip-off pension charges can keep you slogging to work for longer

However many middle-aged and older workers do not even realise they are paying fees that sap their savings, prolonging the amount of time they are in work. A 55-year old worker has an average pension pot of £42,621 and is paying an average fee of 1.85 per cent, according to advice firm Profile Financial. It has worked out they would have to keep saving until they are 80 to boost that to £50,000, assuming investment performance of 2.5 per cent after fees - but only until the age of 63 if they switched to a newer fund levying 0.34 per cent

50 ways to save money....

To clear the average national household debt of ?13,000 at 6% interest with a monthly repayment of ?100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.

Pick the best (and cheapest) investment Isa platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

In this low-income world it can be hard to find mainstream investments paying a significant yield. Stifel has compiled a list of 19 investment trusts with a yield of more than 4 per cent.

L Board sign on the rear of a blue saloon car , UK

If you are new to investing then the huge number of funds and investment trusts on offer can be confusing. Fortunately, This is Money's experts have some ideas to get you started.

Income investing: Dividends can deliver both a healthy boost to long-term growth and a way to earn from your investments.

Income investing can let you draw on your portfolio or reinvest dividends to build solid growth over time. Our experts give their fund and investment trust recommendations.

On the up: Emerging markets such as Brazil are where much of the world's growth is expected to be over future years.

If you're looking to add some flair to your investing Isa with emerging markets, This is Money's experts have some ideas to get you started

Will the UK be Norway, Switzerland or Canada? Brexit trade deals we could follow

Now that we've voted ourselves out of the EU, it's time to work out how we're going to trade in future with all its 27 member countries - and the other 27 countries it has deals with. So how do other non-EU members trade with the bloc and would any of their models suit us?

It would have been nice to have a plan. Instead, after the Brexit vote we were left scratching our heads. But now it's time for some answers on trade and what we mean to the EU.

More than three million people have used the Current Account Switch Service since its launch in 2013 - but that represents just two per cent of the market.

When will UK interest rates rise?

Asked on Radio 4's Today programme if there was a real prospect of a further cut in rates before the end of the year, the Bank's Ben Broadbent said, 'that's true'. Bank rate was cut yesterday to 0.25 per cent from its already record low level of 0.5 per cent, where it had remained for more than seven years.

What next for mortgage rates?

Markets went into turmoil following the momentous decision by the British people to leave the European Union on 24 June 2016. But what does all of this mean for mortgage rates?

Ten tips for buy-to-let

For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips

TIPS, TOOLS AND HELP FOR LANDLORDS

Partner services

Landlord insurance

Quick, easy - compare and buy today

Find a mortgage

Buy-to-let rates and advice

Boiler cover

Insure your heating system for less

easyProperty.com

Find tenants - from £9.99

Compare your pay to the UK average across 350 professions

Musicians have seen pay rises averaging nearly 20 per cent in 2015, while cleaners are getting 17.8 per cent more, and window cleaners 12.3 per cent. Artists in general are earning 14.6 per cent more in 2015 than 2014, according to the huge annual data dump of pay scales by the Office For National Statistics highlights.

Premium Bonds winners

October 2016
Prize value Winning bond No. Area
£1,000,000 79KW011670 Lancashire
£1,000,000 199BJ584357 Suffolk
£100,000 80WK626093 Wiltshire
£100,000 70YY171805 Reading
£100,000 214EL163615 East Sussex
£50,000 261YR399408 Shropshire
£50,000 239BJ874043 Hampshire and Isle of Wight
£50,000 212GN036345 Southampton
£50,000 137JJ131331 Inner London
£25,000 88MZ556624 Preston
£25,000 265MG649936 West Sussex
More Premium Bonds winners
   

MOST READ MONEY

Tourist rates

Currency Rate Buy now
Updated 02 Oct 2016.
Euro 1.1302 Buy Now
US Dollar 1.2695 Buy Now
Australian Dollar 1.6541 Buy Now
Canadian Dollar 1.6663 Buy Now
Chinese Yuan 8.29 Buy Now
Croatian Kuna 8.3701 Buy Now
Czech Koruna 30.33 Buy Now
Danish Krone 8.3451 Buy Now
Egyptian Pound 10.002 Buy Now
Hong Kong Dollar 9.7768 Buy Now
Hungarian Forint 343.44 Buy Now
Icelandic Króna 137.4 Buy Now
Israeli New Shekel 4.6441 Buy Now
Japanese Yen 127.89 Buy Now
Malaysian Ringgit 6.2624 Buy Now
Mexican Peso 24.44 Buy Now
New Turkish Lire 3.7051 Buy Now
New Zealand Dollar 1.74 Buy Now
Norwegian Krone 10.128 Buy Now
Polish Zloty 4.8 Buy Now
Singapore Dollar 1.7224 Buy Now
South African Rand 17.542 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 10.768 Buy Now
Swiss Franc 1.2213 Buy Now
Thai Baht 43.322 Buy Now
UAE Dirham 4.6337 Buy Now

Monthly Or Lump Sum Savings Calculator

Monthly savings plan

Find out how much a regular monthly savings scheme could make me.

Results
Or lump sum investments

Calculate how much a lump sum investment could be worth.

Result

Mortgage Affordability Calculator

Your monthly payment

Enter how much you plan to borrow and find out your monthly bill. Assumes interest calculated annually.

Result
Your total mortgage

Enter the amount you can afford to pay monthly (eg. your current rent) to find out how much you can borrow...

Result
Are you over-stretching

How much of your income goes on your mortgage?

Result