£6bn lost on cancelled holidays
With a recent study revealing that over £6 billion was lost last year through people cancelling holidays they have already booked, Britons have been reminded of the importance of taking out a comprehensive travel insurance policy.According to the insurer More Than, who released the findings, while many people book their holidays well in advance, many fail to take out insurance and therefore leave themselves vulnerable to losing money spent on booked travel and accommodation should their plans change.Of all the claims made through More Than's travel insurance service last year, 26 per cent were for the cancellation of holidays, with an average cost of £856.Commenting on the findings, the company's head of travel insurance, Keira Clark, said: "It's encouraging that holidaymakers are catching on to the importance of travel insurance, but many still don't realise that by purchasing their policies late, they miss out on valuable cancellation cover."The comments come soon after British holidaymakers were advised to make sure their building insurance is up-to-date before going away, in the event of leaking pipes and water damage.
Has Cadbury been sold on the cheap?
Despite yesterday's £8.50 a share offer from Kraft Foods receiving a recommendation from the Cadbury board there is concern today that the company may have been sold on the cheap. Legal and General, which was around 5% of the company, has today stated it believes the company is worth in excess of nine pounds a share and is not happy with the recommendation from the Cadbury board. So what next?...Read More
Pensioners failing to take up benefits
As many as 1.6 million pensioners could be suffering poverty because they are not taking up state benefits that they are entitled to. The Commons public accounts committee (CPAC) revealed that only 61 to 69 per cent of pensioners claimed their rightful government money, meaning that up to £2.1 billion could have remained unclaimed between 2004 and 2005. Successful take-ups were lowest in rural ar...Read More
Do You Want To Work Until You Are 70?
A report by Lord Turner of Ecchinswell into the UK state pension scheme has advised the government that in order to maintain the relative value of today's pension, the age of retirement will need to rise to age 70 by the mid 2000s. The prediction for the new 70 retirement age is an increase on the 68 year old figure which was calculated just a couple of years ago and will see more of the UK popul...Read More
S&P downbeat on UK banking system
Standard & Poor's, the credit rating agency, has today issued a downbeat assessment of the UK banking system. The agency has reiterated its belief that the UK banking system is no longer considered to be one of the world's elite and is in fact in the agency's third tier banking industry risk assessment category along with the likes of Portugal, Chile and Austria. While the assessment was flagged s...Read More
TalkTalk and the bizarre marketing ploy
Commuters in London may well have woken up over the last few weeks with an extra five pounds in their pocket and a branded TalkTalk broadband card and wondered exactly where this came from. In a rather bizarre marketing ploy, TalkTalk has taken on a number of ex-criminals who have expertise in pick-pocketing and similar activities.
In what is being called "put pocketing" various gan...