£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.
Buy now pay later on the rise
A move which is effectively robbing Peter to pay Paul has seen a number of UK consumers building up significant problems for the future. Since the recession started to bite in the UK we have seen a significant rise in the number of "buy now pay later" deals as businesses struggle to attract custom and consumers struggle to finance their bargains. While it may be some time before the full extent of...Read More
Travel insurance urged for skiers
People heading off on skiing holidays have been urged to take a moment to think about their travel insurance requirements.InsureandGo has warned travellers that they should ensure they have adequate travel insurance policies in place when heading to the slopes this winter.Spokesman Perry Wilson also warned skiers to make sure that they take proper precautions when on piste this winter and do not d...Read More
Public sector workers 'priced out of housing market'
Key public sector workers like nurses and teachers cannot afford to buy a house in 70 per cent of Britain's towns, a study shows.Building society Halifax's annual key housing review shows a dramatic increase in the number of out-priced properties in Britain, up from 65 per cent last year and only 36 per cent in 2002.For nurses, firefighters, police officers, teachers and paramedics Ã¢â‚¬" al...Read More
The Christmas shopping postcode lottery
An investigation by the Daily Mail has found potential evidence of a Christmas shopping postcode lottery whereby some items can cost as much as double in certain areas of the UK. One particular example given was the autobiography of singer Cheryl Cole which is said to cost £9.99 in WH Smith London stores, almost double the cost of the same item in the company's Glasgow store. While these claims a...Read More
First stage of pension overhaul begins
27/03/2014 The first stage of the pension overhaul which was announced by Chancellor George Osborne in his Budget 2014 speech has begun. Pensioners will now have greater access to their pension pots, as they will be able to take up to a maximum of £30,000 from their pension as a lump sum, up from £18,000. The entire overhaul will come into effect as of April 2015, when pensioners will b...Read More