'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."
Fat folk pay more premiums
Obese people may find that they are unable to purchase full life insurance policies or could find that their premiums are raised, according to the Association of British Insurers (ABI).Although losing weight could reduce premiums in the long-term, serious obesity, which constituted a massive health risk, if undisclosed at the point of application could lead to refusal when people attempt to make a...Read More
What can we learn from the ongoing worldwide recession?
Over the last few weeks we have seen signs that the likes of Japan, France and Germany are starting to pull out of their own recessionary phase although many other countries are still some way behind. However, even though there is some way to go to rectify the problems of the last two years, and in many cases the last decade, is there a need to learn from the ongoing financial issues and ensure th...Read More
NHS hospitals under pressure over parking
A report by the Which? magazine has highlighted a growing problem in the UK NHS system with many hospitals now making significant income from car parking charges and car parking fines. The Epsom and St. Helier University Hospital trust is reported to have clamped nearly 1,700 cars in one year and made a profit of over £1.8 million. However this is just the tip of the iceberg with car parking char...Read More
Credit card companies under serious pressure to reduce their rates substantially
As we have covered on a number of occasions over the last few weeks, credit card companies across the UK are under serious pressure to pass on cost savings to their customers. Rather perversely, we have seen a credit card rates increase as UK base rates continue to fall substantially and many customers are paying more in interest than ever before. Not only does this take away vital income but it a...Read More
Is bankruptcy an option in your financial situation?
As consumer debts continue to rise in the UK, despite historically low base rates, more and more people are now taking professional advice regarding their debts. Even though there are many options available such as debt consolidation loans, IVAs and Trust Deeds in Scotland it seems that more and more people are now being forced down the route of bankruptcy.
Even though bankruptcy is...