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1973: Stock Exchange admits women

Women have been admitted to the London Stock Exchange for the first time in the institution's 200 year history.

Ten newly elected lady members entered the Stock Exchange today on the first working day since their election took place.

The decision to break a time-honoured tradition and introduce equality was announced on 1 February and ended years of campaigning by women in the financial sector.

Muriel Wood, a dedicated campaigner and newly elected member, arrived with her husband Walton, both of Sternberg, Flower.

Mrs Wood said: "There is a great deal of activity and bustle but it seems it is going on at a rather leisurely pace."

Susan Shaw said it was a breakthrough for women in finance which allowed them to forge contacts in the industry.

Bumpy ride

Although today's admission is a major victory for the debate on sexual equality the next hurdle will be allowing women dealers on to the floor.

Bookies have placed long odds - 10 to one - against this taking place in the foreseeable future.

Mr Wood said he thought it would take "a little time" before that decision was taken.

The admission of women today is the latest development in the Stock Exchange's history which has been at times a bumpy ride.

The original concept of the London Stock Exchange was first bandied around in 1760 when 150 brokers, fired from the Royal Exchange for misconduct and rowdiness, set up a club to buy and sell shares.

Thirteen years later members voted to change the name and the Stock Exchange was born.

It was not until 1801 that the exchange was regulated and it remained in action until The Great War forced the closure of the Exchange market at the end of July until the new year.

The Stock Exchange Battalion of Royal Fusiliers was formed - 1,600 volunteered, 400 never returned.

Last year the Stock Exchange moved to a new 26-storey office block with a 23,000 square foot trading floor.

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Historic day as women get equal share at Exchange

WOMEN were admitted to the London Stock Exchange for the first time in the institution's 200 year history as 10 newly-elected lady members entered the Stock Exchange on March 26, 1973, the first working day since their election took place.

The decision to break a time-honoured tradition and introduce equality was announced on February 1, and ended years of campaigning by women in the financial sector.

Muriel Wood, a dedicated campaigner and newly-elected member, arrived with her husband, Walton.

Mrs Wood said: "There is a great deal of activity and bustle but it seems it is going on at a rather leisurely pace."

Susan Shaw said it was a breakthrough for women in finance which allowed them to forge contacts in the industry.

Although the admission was a major victory for the debate on sexual equality the next hurdle would be allowing women dealers on to the floor.

The admission of women was the latest development in the Stock Exchange's history which has been at times a bumpy ride.

The original concept of the London Stock Exchange was first bandied around in 1760 when 150 brokers set up a club to buy and sell shares.

Thirteen years later members voted to change the name and the Stock Exchange was born.

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Cheap Car Insurance for Women

Despite all the jokes that people (usually men) love to tell about women drivers, in the car insurance industry the fact remains that car insurance is cheaper for women.

Why is Car Insurance Cheaper for Women?

The reason why ladies get better rates on car insurance is that they are seen as less of a risk by car insurance companies. Women tend to be safer drivers and have fewer accidents. If a woman does have an accident, it is usually a bump or scrape and not a complete write-off. Also, statistically women drivers have lower mileage on their cars than their male counterparts.

Online Auto Insurance Quotes for Women

In addition to the usual discounts offered to women drivers, an even better quote can be obtained by shopping online. It is firstly convenient to compare rates online from the comfort of home and secondly an insurance applicant can benefit from an additional discount of up to 10% by shopping on-line for auto insurance.

Men and Women can Benefit from Car Insurance for Women

Men can benefit from a woman's car insurance policy. Being added as a named driver on a woman's policy can work out much cheaper than a policy in a man's name, its worth looking at what is available. If a man does have a policy in his own name, it can also help to add woman as a driver onto the policy as this can bring premiums down.

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What is a Car Insurance No Claims Bonus?

For each year that a car owner/driver has insurance and does not claim for accidents, certain companies will reward the driver by offering large discounts to continue their insurance. This is because one is seen as a responsible driver with a good history.

When changing insurance providers, the new car insurance company will ask for proof of one's no claims bonus either by requesting a letter from the current car insurance company or by requesting a renewal notice.

No claims bonuses (NCB) are earned by not claiming, for a maximum of five years although some companies offer further discounts for 6 – 8 years of claims free driving. No claims bonuses cannot be shared, that means if a car driver has two cars, separate no claims bonuses will need to be earned on each car insured.

Can a No Claims Bonus be Protected?

• If a car accident happens and the damage to the car is not extensive, it may be worth paying out of pocket for the repairs to protect the no claims bonus. It is advisable to get a repairs quote and then weigh up the costs of repairs versus losing the bonus and paying increased premiums.
• Car owners/drivers can pay to protect a no claims bonus. This ensures that if they have an accident, the no claims bonus remains intact. However, if there is another accident soon afterward, it is unlikely that the bonus can be protected again immediately.
• Claims are divided into two groups, a fault claim and a not fault claim. If the fault is not the driver's fault, his/her no claims bonus should not be affected.

How are Car Insurance Premiums Calculated?

Most insurance companies have upwards of 25 questions that they ask drivers to complete when applying for car insurance, such as gender, age, type of car, previous insurance etc. The answers are used to calculate the premium.

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