'DIY' holidaymakers risk travel cover
Around eight million UK tourists risk being stranded during the summer because they are not covered by Air Travel Organisers' Licensing (Atol) travel protection.Most traditional travel agents automatically cover holidaymakers with Atol protection, which should ensure that tourists are escorted home and reimbursed should their agent cease trading.'DIY' tailored holidays from independent agents do not always offer this scheme, yet 39 per cent of holidaymakers booked this kind of holiday last year where a decade ago 97 per cent of holidays were booked through conventional agents.David Clover, spokesman for Atol, said on Channel 4's News at Noon that he was concerned that a new survey by the Civil Aviation Authority showed that a third of holidaymakers mistakenly believe they are covered by the Atol scheme when booking independently.Mr Clover said: "Atol provides full financial protection if anything goes wrong with the travel company, that means they'll get their full refund or be repatriated back to the UK if the tour operator goes bust.He warned of the importance of making sure you have adequate travel insurance, saying: "If you do a DIY holiday then there are real risks people will be stranded abroad or will lose out financially."
How much do you need to retire?
A report by MGM Advantage claims that the average couple in the UK will require £600,000 to be able to enjoy 20 years of retirement. While there is a large variation in the cost between the South and the North of England, with London couples said to require £194,602 more than their northern counterparts, it will come as a shock to many in the UK. The report also suggests that the cost of livi...Read More
Property slowdown 'could hit first time buyers'
Contrary to some hopes that a slowdown in the property market could result in more people being able to get onto the bottom rung of the ladder, it has been claimed that the current circumstances could be bad news for first time buyers.Lucian Cook, director of research at Savills, warned that first time buyers are unlikely to benefit immediately from a slowdown in property prices and the global cre...Read More
Irish government claims banks will honour their obligations
The Irish government has today confirmed that it fully expects Irish banks to honour their obligations because a failure to do so would seriously jeopardise the government's ability to raise finance in the future. There is no doubt that concern regarding the Irish banking situation continues to grow and with Anglo Irish Bank's senior debt downgraded by three notches today it is easy to see why som...Read More
Christmas gifts stuck in the winter weather
Over the last couple of days, as the weather in the UK begins to turn, it is becoming more and more apparent that many Christmas gifts, parcels and food deliveries are being held up by the UK climate. Subzero temperatures around the UK, reaching -16°C in the north of Scotland yesterday, have not only impacted upon the postal service's ability to deliver goods but also delivery of items to superma...Read More
Holidaymakers hit by card fee hike
NatWest has announced that it is raising charges for debit card transactions made overseas by 66 per cent at the beginning of June this year.The new "exchange rate transaction fee" will now add 2.75 per cent onto all cash machine withdrawals made with debit cards for tourists who holiday abroad.Furthermore, the flat fee that NatWest charges for point-of-sale transactions in shops and restaurants w...Read More