Saga looking to offload underwriting business

Sale sign

Following reports suggesting that Saga is looking to sell off its entire insurance business to pay off a portion of its debt, the insurer has issued a statement.

In the statement, Saga confirmed that it is in the process of a “possible disposal” of Acromas Insurance, one of its underwriting businesses.

It said: “Saga notes recent media coverage about the

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Is premium finance still a tax on the poor?

News Editor’s View: Scott McGee considers whether recent steps taken by trade bodies to address premium finance will reassure the Financial Conduct Authority that this payment method is no longer a ‘tax on being poor’ that needs to be tackled.