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  • FIRST POST
    • MSE Naomi
    • By MSE Naomi 19th Nov 18, 4:02 PM
    • 150Posts
    • 31Thanks
    MSE Naomi
    Martin Lewis: Is it unfair to charge loyal customers more?
    • #1
    • 19th Nov 18, 4:02 PM
    Martin Lewis: Is it unfair to charge loyal customers more? 19th Nov 18 at 4:02 PM
    See Martin's blog:

    'Martin Lewis: Is it unfair to charge loyal customers more?'

    And let us know your thoughts.
Page 1
    • Mobeer
    • By Mobeer 20th Nov 18, 12:11 AM
    • 1,767 Posts
    • 4,432 Thanks
    Mobeer
    • #2
    • 20th Nov 18, 12:11 AM
    • #2
    • 20th Nov 18, 12:11 AM
    There are a few things I would like in any renewal:
    • A comparison of cost last year \ last contract period vs. the new new \ period (e.g. was 100 now 120)
    • The change in average price across all customers (e.g. typical customer is paying 5% more this year)
    • The supplier's profit margin across all products last year



    One really unfair practice I have personally encountered is:
    • receive a renewal quote with a large increased
    • phone up to discuss the quote
    • without any suggestions on my price, their phone agent drops price by some amount
    At this point nothing about the product has changed except the price; it makes the supplier look dishonest. I wonder if the supplier could be required to offer their "best price" in the renewal, with the customer free to shop around but the supplier unable to drop the price if the customer does so?
    • Paul_DNAP
    • By Paul_DNAP 20th Nov 18, 1:35 PM
    • 352 Posts
    • 415 Thanks
    Paul_DNAP
    • #3
    • 20th Nov 18, 1:35 PM
    • #3
    • 20th Nov 18, 1:35 PM
    I also find that phoning up my insurers (car and home) and asking a simple polite "is that renewal quote really the best price you can offer me?" really is a simple and effective.


    Pretty much every year they manage to get this year's premium down to somewhere close to last year's (sometimes a couple of quid below or above) whereas the auto-renews are somewhere around a 20% uplift. And if I compound that up over several years then I shudder to think what I'd be paying now. (A 20% uplift would give a six fold increase over ten years!)


    Sometimes they ask "what quotes are you getting" and I reply "you're my first port of call, I am hoping you'll come up with a number that saves me having to go comparing" (This year I did the full comparisons round up and the only way to beat their adjusted renewal quote was to deteriorate the level of cover in some way.)
    (Although I could be wrong, I often am.)
    • tom717
    • By tom717 23rd Nov 18, 2:46 PM
    • 176 Posts
    • 92 Thanks
    tom717
    • #4
    • 23rd Nov 18, 2:46 PM
    • #4
    • 23rd Nov 18, 2:46 PM
    I have a perfect example of existing customers getting ripped off.

    As a Talk Talk customer I can see a Black Friday deal on their website for 22.50. I am not logged in to my account, it is presented as though this is the deal new customers would get. But if I turn my WiFi off and connect via my mobile data the price drops to 17.95 a month.
    • Moneyineptitude
    • By Moneyineptitude 24th Nov 18, 11:29 PM
    • 23,079 Posts
    • 12,577 Thanks
    Moneyineptitude
    • #5
    • 24th Nov 18, 11:29 PM
    • #5
    • 24th Nov 18, 11:29 PM
    A 90 year-old with early onset dementia???
    • Paul_DNAP
    • By Paul_DNAP 27th Nov 18, 10:21 AM
    • 352 Posts
    • 415 Thanks
    Paul_DNAP
    • #6
    • 27th Nov 18, 10:21 AM
    • #6
    • 27th Nov 18, 10:21 AM
    A 90 year-old with early onset dementia???
    Originally posted by Moneyineptitude

    Yes, the "early" in that phrase denotes that it is the early stages of dementia - it is not linked to the stage of the person's life as in "it's a bit early in her life to be getting that".
    (Although I could be wrong, I often am.)
    • Moneyineptitude
    • By Moneyineptitude 28th Nov 18, 9:00 AM
    • 23,079 Posts
    • 12,577 Thanks
    Moneyineptitude
    • #7
    • 28th Nov 18, 9:00 AM
    • #7
    • 28th Nov 18, 9:00 AM
    Yes, the "early" in that phrase denotes that it is the early stages of dementia - it is not linked to the stage of the person's life as in "it's a bit early in her life to be getting that".
    Originally posted by Paul_DNAP
    That's not my understanding of the term "early onset" dementia.
    "Early-onset Alzheimer's disease, also called early-onset Alzheimer's, or early-onset AD, is Alzheimer's disease diagnosed before the age of 65".
    https://en.wikipedia.org/wiki/Early-onset_Alzheimer's_disease
    "Other terms used for dementia that started before age 65 include ‘early-onset dementia’ and ‘working-age dementia’....
    Young-onset dementia is the term preferred by many people with the condition."
    https://www.alzheimers.org.uk/about-dementia/types-dementia/younger-people-with-dementia

    So the term is definitely not applicable to any hypothetical 90 year-old in the early stages of dementia.
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