Money Investor

Skyrocketing energy costs have been a prime concern for many Brits in 2008 but switching suppliers could save a typical household up to £454 – that’s £7,384 million across the entire country*.

To help raise awareness, LloydsTSBCompare.com declared December 30th to be ‘tackle your bills day’ to encourage people to assess their household bills and save money in 2009.

According to research by LloydsTSBCompare.com**, 80 per cent of people have seen a rise in their energy bills this year. Over one in four (27 per cent) of UK households saw their energy bills rise by more than £40 per month and 30 per cent think they could rise by a further £40 per month this winter.

Despite the pressure from rising bills, one in three (36 per cent) households has never switched energy providers and one in four believes shopping around will not make any difference. But those who have used comparison sites to switch providers have, in recent months, benefited from average annual savings of £284.

By using a comparison site such as LloydsTSBCompare.com customers can compare gas and electricity, telephone and broadband providers, as well as travel and car insurance. The site also has supermarket and petrol price checkers, helping customers to secure the best deals in and around their local area.

Steve Grainger, LloydsTSBCompare.com, said: “A concerning 40 per cent of Brits said they don’t know how they will cover their bills if prices continue to increase. December 30 was the perfect day for us all to concentrate on getting on top of our finances for the New Year. LloydsTSBCompare.com gives customers all the tools they need to cut their household bills and save money.”

Stealing the crown from TescoCompare, LloydsTSBCompare.com was recently named ‘Britain’s best car insurance comparison site’ by Defaqto, the independent product research company.

The ‘tackle your bills day’ declaration comes at a time when many UK households are feeling the pinch and LloydsTSBCompare.com hope it will encourage homeowners to push sorting out their personal finances higher up the list of new year’s resolution for 2009.

About LloydsTSBCompare.com:
LloydsTSBCompare.com has been developed by Lloyds TSB Insurance Services Limited to offer our customers a choice of independent impartial quotes from a wide panel of insurance providers and energy suppliers. Comparison features include price, policy benefits, plan features and customer service rating, so consumers can make sure they get the policy that best meets their individual needs.

Despite the level of fear surrounding unemployment and debts* in the current environment, an online poll of 2001 British adults between 24th and 28th October 2008 conducted for Barclays Financial Planning by Opinium Research shows a worrying trend of people not providing themselves and their families with a safety net.

According to the research, over half the people questioned are worried about being able to maintain their outgoings over the next 12 months, pushing essential safety nets like income protection and critical illness cover to the bottom of their priorities. The results show, nearly half (47%) of UK adults have no protection policies** in place whatsoever, to protect them and their families in the event of losing their income, health issues or even death.

The safety net gap:
52% have no life insurance
75% have no critical illness cover
78% have no income protection cover

Those aged between 35 and 54 often have the most responsibilities in terms of dependants and outgoings, but showed a large gap in their protection cover, with 45% having no life cover and 74% with no income protection insurance.

Alison Tattersall, Head of Customer and Proposition at Barclays Financial Planning said: “When finances are tight it is often responsibilities like protection policies that fall to a lower priority, and of course these policies protect outcomes that people don’t want to think about. But people must consider the financial consequences of what would happen if they were unable to work, or their dependents’ situation if they died, it would be far worse than any concerns they currently have over struggling to meet their outgoings. ”

When looking at what other safety nets people could be relying on, the research reveals that 60% of people admit to having nothing saved, having less than one month’s salary in the bank, or not knowing what they have in savings at all. Worryingly the report also reveals that nearly 40% of people don’t receive benefits such as sick pay, death in service or health insurance, or simply do not know if they would be entitled to them. Coupled with 81% of people not knowing what they would receive in benefits from the state if they were too ill to work.

Alison Tattersall continued: “This is a worrying trend. People need to know what their state and employee benefits are before they are able to plan their protection needs properly.

“Over half of people that do have protection policies said they did not take advice or did not know if they had taken advice when buying their cover, and over 70% do not know or only have a rough idea what level of payout their policies would give them if a claim was made. This could clearly mean people end up without the right cover for their needs, which is often just as bad as having no protection at all. We urge people to seek professional advice and review the level of protection insurance they have to cover themselves or their family.”

Extraco Bank has selected Mozilla Firefox to deploy the bank training courses of Banker’s Academy Unlimited, from Edcomm Banker’s Academy. The Texas-based Bank will use Mozilla Firefox’s open source software and state-of-the-art features to help administer bank wide training. In an effort to meet the needs of all bank, credit union, money services business and money transferor clients, Edcomm Banker’s Academy has enabled all of the courses of Banker’s Academy Unlimited to work seamlessly with Mozilla Firefox.

A Banker’s Academy Unlimited package provides all the training needed for every employee at a Bank, Credit Union or Money Services Business (MSB) for one low price. Banker’s Academy Unlimited covers more than 800 topics, including compliance, platform skills, branch security, sales and service, teller training, fraud, information security, lending and more. These programs may be deployed as eLearning, as classroom training or as a blended program. Each program includes a searchable, printable library for reference. The programs of Banker’s Academy Unlimited use easy-to-understand language designed specifically for Banks, Credit Unions and Money Services Businesses (MSBs).

For more information about programs like this, or to find out how The Edcomm Group Banker’s Academy can customize any training program, log onto http://www.bankersacademy.com or call 888-433-2666.

Mozilla is a global community dedicated to building free, open source products and technologies that improve the online experience for people everywhere. The company works in the open with a highly disciplined, transparent and cooperative development process, under the umbrella of the non-profit Mozilla Foundation. For more information, visit http://www.mozilla.com.

Family owned and managed since 1902, Extraco Bank strives to bring premier financial solutions to Central Texas communities. The Bank currently operates 15 financial centers throughout Central Texas.

The Edcomm Group Banker’s Academy is a 21-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share – providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation. Edcomm Banker’s Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).

The Edcomm Group Banker’s Academy (www.edcomm.com) (www.bankersacademy.com) is headquartered in New York City with an Advanced Design Center located in Fort Washington, Pennsylvania.

Fullerton Community Bank has chosen to renew its contract for an additional year to continue using Edcomm Banker’s Academy’s Learning Management System (LMS), Learning Link Premium®. The LMS will be used for hosting and maintenance of the online tutorials that the Bank has commissioned from Edcomm Banker’s Academy: Achieving Teller Excellence and Focus on Compliance.

Learning Link Premium® provides users with an additional set of tools to assist in the learning experience through the duration of any of Edcomm Banker’s Academy’s programs. This addition provides automatic email updates and reports to all users regarding course completion and due dates, assisting in the overall training process.

Learning Link®, Edcomm Banker’s Academy’s full-featured learning management system, has an open architecture that builds on industry-standard SCORM and AICC compliance, but adds features and capabilities far beyond any competing products. Learning Link® maintains a complete record of every learning and administrative activity and offers a wide variety of customizable, real-time reports available both onscreen and in CSV formats for download and integration into any HR system. Learning Link’s servers have been issued a SAS-70 attesting to the quality of their security, business continuity and performance.

For more information about programs like this, or to find out how The Edcomm Group Banker’s Academy can customize any training program, log onto http://www.bankersacademy.com or call 888-433-2666.

Located in California, Fullerton Community Bank has defined itself as a locally owned, community-oriented, full service bank since 1927. The Bank has 175 employees and 8 different branch locations throughout the state and assets exceeding $741 million.

The Edcomm Group Banker’s Academy is a 21-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share – providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation. Edcomm Banker’s Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).

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