Endsleigh Press Releases November and December 2007

UK CAR CRIME AND ACCIDENT HOTSPOTS NAMED IN NEW ENDSLEIGH REPORT


17th December 2007:  Hull has been named the UK‟s riskiest city for motor theft while Swindon is the safest, according to a new report published today by Endsleigh Insurance Services Limited.

The findings come from Endsleigh‟s ‘Motor Cities 2007’ Report, which identifies the ten safest and riskiest UK cities for both theft and accidents. The results were collected by analysing motor claims over the last three years from the hundreds of thousands of Endsleigh policyholders in the UK. The report ranks towns and cities by comparing the frequency of theft and accident claims between towns and cities in order to determine the risk, rather than simply looking at the total number of incidents.

The top three towns and cities for car theft are (see attached report for full tables and maps of UK hotspots):

Riskiest for car theft: 1. Hull, 2. Nottingham, 3. Leeds

Safest for car theft: 1. Swindon, 2. Norwich, 3. Dundee

Launching the report, Endsleigh has also highlighted the fact that overall it has seen a fall of 13% in motor theft claims across the UK over the past three years.

Stuart Wartalski, Endsleigh spokesperson said:

"Of course it‟s welcome news that we‟re seeing a general drop in motor theft over the last three years. This is no doubt directly related to the scores of excellent police and community-run initiatives across the country, as well as greater awareness amongst individual motorists when it comes to taking responsibility for their vehicles safety.

"The fact remains however, that some towns and cities represent a greater risk for motorists than others. Equally, no motorist can afford to be complacent – wherever they might live. This means not just taking care of the obvious security measures, such as locking doors and closing windows, installing a car alarm and using a steering-wheel lock, but also employing simple steps such as hiding or removing valuables, such as a sat nav tool, mobile phone or laptop. At this time of year, when out Christmas shopping, drivers should be careful not to leave shopping bags on display in their cars."

The report also names the UK‟s top ten towns and cities for motor accidents. The top three for risk of accidents are:

Riskiest for accidents: 1. Slough, 2. Ilford, 3. Birmingham

Lowest risk for accidents: 1. Belfast, 2. Swansea, 3. Aberdeen

Stuart Wartalski added:

"In terms of accidents, drivers need to be even more vigilant during the Christmas period. We welcome and support the roll-out of the Government‟s „Think!‟ Christmas Drink Driving Campaign, which reminds motorists that one drink is one too many."

The maps and table of results are available from Endsleigh‟s media centre at www.endsleigh.co.uk/motorcities2007

Endsleigh‟s policies are available online via www.endsleigh.co.uk, by telephone and through over 120 branches across the country.

Additional notes:

The report was put together using policy and claims data over a three year period up until the start of 2007.

Endsleigh is an independent intermediary specialising in the provision of insurance and financial products for career people.

The majority of Endsleigh‟s motor policyholders are adults between the ages of 25 and 55. Students make up less then a quarter of Endsleigh‟s motor policy base.

Originally founded in 1965 to serve the student market, Endsleigh is now the preferred insurance supplier for a variety of professional organisations, offering a wide range of services including motor, home, student and travel insurance.

Endsleigh also offers business insurance through Endsleigh Business Insurance Services and financial advice through Endsleigh Financial Independent Tailoring

 


ENDSLEIGH SURVEY: RESULTS SHOW 40% OF UNDER-35s HAVE NO PENSION

Over 50% without a pension have never thought about getting one
Over 30% cite debts as main reason not to have a pension

5 December 2007  New research from Endsleigh Financial has revealed that over 40% of young people under 35 do not have a pension, with over half of those saying it has never occurred to them to have one. The results come from a survey of 1781 Endsleigh customers, aged between 23 and 35, from across the UK and was conducted by Customer Care Research for Endsleigh Financial, the financial advisory arm of Endsleigh Insurance Services Limited.

Endsleigh Financial’s research found that:

- 41% of those questioned have no pension

- 52% of those without a pension had not thought of it

- 32% of those without a pension blamed debts including student loans and

credit cards as a reason for not having one

- Over 90% of those with a pension have one through work The survey broke the results down into two age brackets: 23-30 and 31-35. Pension take-up amongst the 31-35 band was found to be slightly higher, with 65% of respondents having a pension as opposed to 58% of the under 30s. Credit card debt was cited in both age groups as the main reason for deciding not to have a pension. 28% of 31-35 year-olds blamed credit card debt for not having a pension compared to 18% of the 23-30 year-old group.

Endsleigh Financial spokesperson Elaine Etheridge said:

“The results of our pensions survey are concerning, as they show significant  numbers of young people across the country are not even considering having a pension. Young people in their 20s need to realise that pensions are not just for theover-30s, and that now is the time to get into a ‘savings habit’.

“Britain reportedly has the lowest state pension in Europe, so it is increasingly likely that today’s 20 and 30 year olds without pensions, due to increased life expectancy, could face 20 to 30 years with little or no income when they retire. “It’s never too early to start a pension, whatever you can afford to contribute, and contributions can then go up as earning power increases.”

Endsleigh Financial's young independent financial advisers are specially trained to understand the money issues that today's young people face

About the survey
Endsleigh commissioned Customer Care Research to carry out this survey. They questioned 1781 people, aged between 23 and 35, selected at random from Endsleigh's motor insurance policyholders, about their current pension
arrangements.


Two Thirds of Young Professionals Being Priced out of UK Housing Market

Hopes of ownership still high for the under 26s...

...but half of 31-35 year olds do not own their own home


19th November 2007.


New research from Endsleigh has revealed that just 35% of young professionals under 30 own a property, with the large majority renting or even living with their parents. The results come from a survey of 1780 people, aged between 23 and 35, from across the UK, conducted by Customer Care Research for Endsleigh, the leading insurance provider for career people.


Endsleigh found that, of those renting or living with their parents, over 66% of respondents felt it was too expensive for them to buy. The 23 to 26 year-old bracket was the most optimistic when it came to possible future home ownership, with 75% believing they will buy a home within the next five years.

However, the survey suggested that this optimism may be misplaced, given that Endsleigh discovered only half of the 31 to 35 year-olds questioned have been able to buy - while 39% still rent and 6% live with their parents. In fact, of this older age bracket questioned, nearly a fifth believe that they will never own a home.

The survey also showed that renting young professionals pay on average £365 per month whereas the average monthly mortgage repayment for property owners was found to be just under £600, showing that many find renting significantly cheaper.

Endsleigh spokesman, Stuart Wartalski, said:
"Huge numbers of young professionals across the country are finding it simply too expensive to get on the property ladder and are choosing to rent or live with their parents into their 30s as a result.
"Our specialist policy for those in rented accommodation is proving more popular than ever before and it's clear from our research that this is reflective of a broader social trend. Although there are still great aspirations to own, especially from those in their early 20s, the fact is that the cost of buying is forcing people to continue to rent - and some in their 30s have even given up on the idea of buying altogether".

BREAKDOWN OF SURVEY RESULTS
Age group: 23-26
40% rent; 28% own; 28% live with parents

Age group: 27-30
41% rent; 43% own; 12% live with parents


Age group: 31-35
39% rent; 52% own; 6% live with parents
NB Rest of sample live, for instance, with guardians or other family members.

About the survey
Endsleigh commissioned Customer Care Research to carry out this survey.
They questioned 1781 people, aged between 23 and 35, selected at random from Endsleigh's motor insurance policyholders, about their current living arrangements


Endsleigh is an independent intermediary specialising in the provision of insurance and financial products for career people.
Originally founded in 1965 to serve the student market, Endsleigh has since broadened its products and services for graduates and professionals, as well as being the preferred insurance supplier for a variety of trade unions and professional organisations. The company offers a wide range of services including motor, home and travel insurance.
Endsleigh also offers business insurance through Endsleigh Business Insurance Services and financial advice through Endsleigh Financial Independent Tailoring.


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