£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.
Should you pay for professional financial advice?
While the Internet is becoming more and more essential to our daily lives, touching all areas of commerce and home life, the subject of paying for financial advice is something which is cropping up more and more. While many people appreciate that to get the best advice you need to pay for it others are suggesting that much of the information they are given may be already available on the Internet....Read More
Bank of England faces big dilemma
This Thursday will see the next meeting of the Bank of England's monetary policy committee amid expectations that the quantitative easing program will be brought to an end having invested a full £200 billion. This places the Bank of England in a very difficult situation because there are fears in the marketplace that a sudden withdrawal of the quantitative easing program could see the UK economy...Read More
Royal Mail set to slash job numbers
Royal Mail is this week set to announce a further 2,000 middle management redundancies focused on those earning in excess of £40,000 a year. When you take into account these potential job cuts on top of the 62,000 workforce cuts over the last eight years there is no doubt that the UK authorities seem to be repositioning Royal Mail for a potential sale. The UK government has made quiet moves to...Read More
ISA and Junior ISA deadline fast approaching
06/03/2014 As you may, or may not know, the 2013/2014 tax-year ends on April 5th. This means that those who are yet to use their full ISA and Junior ISA allowances could effectively lose out on their tax-exempt savings. It’s for this reason that any additional savings you might have in a regular bank account should be deposited into an ISA or Junior ISA before the April 5th deadline, in or...Read More
EC competition division mulls over UK banking sector
The EC competition division has today openly suggested that "failure in the banking sector is something which should be tolerated in the longer term" which many see as a direct dig at the UK banking sector. It is no secret that the UK government has ploughed billions upon billions of pounds into the UK banking sector to proper up banks such as Lloyds bank and the Royal Bank of Scotland, although i...Read More