Tree subsidence danger highlighted
Homeowners are being warned about the potential subsidence dangers caused by planting trees too close to their homes.According to Halifax Home Insurance, planting trees too close to homes accounts for the majority of subsidence claims dealt with by insurers.In extreme cases, subsidence can cause major structural damage to homes, however paying special attention to the trees and vegetation around a property can go a long way towards reducing the risk of a subsidence problem."When people plant trees they plant them as young saplings in the garden and obviously they are going to prove no problem whatsoever till after a good number of years," Neil Curling, spokesperson for Halifax Home Insurance said."Regardless of whether the present incumbents stay in the house long enough they have set in motion a chain of events which can lead to subsidence."People do plant trees too close to houses and they bring about the majority of subsidence insurance claims that we face," he added.Most people are insured for subsidence in their home insurance policy, even if they planted the offending tree themselves.
With profits bond holders feeling the pain
For many years the with profits bond market has been a godsend for investors in the UK, offering the opportunity to smooth out the ups and downs of the UK investment markets and ultimately crystallise a decent return at the end. However, while the likes of Engage Mutual and National Provident Life have already confirmed that terminal bonuses will be reduced to 0% we have today seen Phoenix join th...Read More
Gold surges to $1040 an ounce
Today's announcement that the gold price reached an all-time high of $1040 an ounce has seen more and more investors looking towards this valuable commodity. At this moment in time it would appear that opinion is fairly split between further progress for the gold price and short-term weakness. However, much of the short to medium term performance of the price of gold will depend on the worldwide e...Read More
Nicolas Sarkozy cancels meeting with Gordon Brown
Only a few weeks ago Nicolas Sarkozy and Gordon Brown appeared to be joined at the hip as the jockeying for position in the new EU hierarchy continued. It was around about this time that Nicolas Sarkozy and Gordon Brown agreed to a meeting in the UK to discuss the future of the London financial markets and the changing regulatory environment. However, after yesterday's suggestion that the French g...Read More
Bank of England agrees to maintain quantitative easing programme
Bank of England minutes from the September meeting have been released today showing that the vast majority of members voted in favour of maintaining the quantitative easing programme at £175 billion with the potential to increase this in due course if required. This move has been taken well by the currency markets where sterling has moved higher in early trading but there is still some concern ab...Read More
Another Potential Bidder For RBS Insurance Division Pulls Out
As D-day approaches for the submission of bids for the RBS insurance division, valued in the region of £7 billion, it seems that interest in the asset is faltering. Italian giant Generali is the latest potential suitor to pull out of the auction amid concerns that the first deadline, Wednesday this week, may well see only a small number of bidders come to the fore.
While there a...