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.
Who is to blame for the UK pension debacle?
Proposals by the UK government to increase the retirement age in the UK have been met with a mixture of disdain and relief. While there is no doubt that more and more pensioners are struggling to make ends meet in their retirement years there is also no doubt that allowing people to work longer will reduce the potential employment opportunities, and promotions, for the young of today. So who is re...Read More
Home equity release comes under the microscope
As the UK recession continues to hit many areas of society, with pensioners particularly hard hit, a number of experts have highlighted problems in the home equity release market. This is the very useful service whereby homeowners are able to use equity in their properties to draw down money they may require in the short term, and payback as you would a normal mortgage. However, while the average...Read More
1 in 4 between 65 and 74 still Work
A quarter of pensioners between the ages of 65 and 74 in the UK are continuing to take a wage, despite passing the retirement age. Research from Aviva has highlighted the fact that the workforce continues to age, and that 23pc of people in this age group were still wage earners in December 2012, compared to 18pc recorded three years ago. Changes in the law mean that workers can no longer b...Read More
Greek problem overshadows worldwide stock markets
As the Greek economy hangs on the edge of oblivion there are serious concerns about the economies of other European countries. Yesterday's downgrade of the Greek national debt to junk status and a downgrade for the Portuguese government were not well received by investors. The yield on the Greek national debt has now burst through the 11% barrier, the highest ever figure since the Euro zone was c...Read More
UK inflation falls to 1.9% in January
18/02/2014 The UK’s inflation rate, as measured by consumer prices index (CPI) fell below the Bank of England’s target for the first time in over four years in January. The reduced inflation rate is largely due to a fall in costs of recreational and cultural activities such as DVD prices and lower entrance fees to local attractions. Additionally, reductions in the costs of other items s...Read More