Latest News

21
AUG
2017

Banning cold calling regarding pensions

Since 2014, nearly 3,000 people have been conned out of an average £15,000 each, due to them being tricked by fraudsters to change their pension scheme to benefit themselves. Therefore, the government are banning cold calling regarding pensions. The government have already banned...
16
AUG
2017
cyber attacks

More SMEs are suffering cyber liability insurance breaches

Within the last year, almost 16% of SMEs have been victims of a cyber-attack. This 16% equated to nearly 875,000 businesses nationwide. A staggering 21% stated that the attack cost them more than £10,000. And 1 in 10 businesses stating that it cost them more than £50,000, meaning...
11
AUG
2017
Todd & Cue | Insurance Brokers Newcastle

How will learning to drive disadvantage young drivers?

It is becoming more and more expensive to learn to drive, which is why more young people are learning to drive in their late 20’s. With high tuition fees from instructors and high premiums, these are all adding to young drivers waiting till their late 20’s to start learning. The...
03
AUG
2017

The Bank of England strike has come to an end

Today is the last day of the strike from the Bank of England staff. This strike has affected departments from maintenance, parlours and security. The strike started on 1st August and has been going on for 3 days. This strike will be the first one from the Bank of England for 50...
02
AUG
2017

Could a cyber-attack cost more than a natural disaster?

Lloyds of London, the world’s oldest insurance market has stated that serious cyber-attacks could be more damaging for the global economy than incidents such as world natural disasters. Lloyds state that a cyber-attack could cost around £92bn on average. 2 months ago, there was a...
25
JUL
2017
Todd & Cue | Insurance Brokers Newcastle

How are banks coping with the PPI deadline?

Payment Protection Insurance (PPI) is one of the biggest banking scandals there has been. Billions of pounds have been put aside to deal with the backlash of claims. In March 2017, the Financial Conduct Authority (FCA) imputed a deadline for anyone to claim. This PPI deadline is...
20
JUL
2017
Todd & Cue | Insurance Brokers Newcastle

Predictions that the cyber liability insurance market will double

Lloyds of London boss Inga Beale says that research they have conducted states that the cyber insurance market could double in the next three years. At the moment the cyber insurance market is estimated at about $3-3.5 billion, whereas by 2020, they believe this could easily go...
13
JUL
2017

How will GDPR affect you?

In May 2018, The European Union’s General Data Protection Regulation (GDPR) comes into force. This will dramatically change the way organisations look after customer’s personal data. There are huge fines put into place if this legislation is breached, which could affect the...
07
JUL
2017

Household income falling

The real household disposable income has fallen at its steepest rate since 2011. The real household disposable income is the amount of money which families have to spend. This has decreased after the taxes and benefits were taken into account. This is the case even after wages...