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01/11/12
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Money advice in increasing demand, says study
31/10/12
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Payment barriers exist for disabled and older people, says study
31/10/12
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31/10/12
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Half of Brits shop with a basic credit card, says study
30/10/12
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Number of Brits sitting on forgotten direct debits - 2.68 million
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News
01/10/2008 16:25:45
Internet research 'key to finding good financial products'
One of the UK's biggest insurers has recommended that consumers use the internet to research information on financial products to gain a better understanding of what is on offer.
Steve Genders, head of web at Norwich Union, noted that if consumers use the web, they can do research in their own time while also having considerable amounts of information at their "fingertips".
He noted that car insurance products in particularly are easily available across the internet.
"You've actually got all the information at your finger tips, so use the internet to research the products then go and talk to your financial advisor," said Mr Genders.
He added that it is very important for consumers to compare products, especially larger ones like mortgages, in order to really know what they are getting.
A recent Norwich Union poll found that 72 per cent of people do not know what type of mortgage they have, while over two hyphen thirds have no idea what their monthly payments are.
