Summertime garden theft blues cost £400
Opportunistic garden thieves stole an average of £400 of garden furniture from properties in the UK last year.With the sunny days of British summertime almost upon us, homeowners are being warned to protect their homes this year to prevent green-fingered thieved from spoiling their summer.According to Halifax, insurance claims for garden theft tripled between March and August last year, with items including tools, barbecues, bicycles and patio furniture high on the thieves' wish-list."Homeowners can forget to pay as much attention to security outside the house as they do inside," Halifax Home Insurance's senior manager of underwriting, Vicky Emmott said."With many people realising how much value they can add to their property by improving their gardens, there are now rich pickings for thieves, and now is the time to take steps to avoid becoming the next victim," she added.Stoke-on-Trent, Doncaster and Southampton were listed as the top three worst hit areas in the UK, with Wakefield, Nottingham and Newcastle not far behind.
UK government wins right to view offshore bank accounts
As we mentioned yesterday, the UK government has been attempting to force 300 foreign banks, with branches in the UK, to disclose offshore bank details with regards to over 500,000 UK citizens. While there has been some debate as to whether access should be provided and ultimately whether the court would rule in favour of the UK authorities, HM Revenue and Customs has been successful in its attemp...Read More
Islington residents 'pay £745 for car and home insurance'
Residents of one of the most desirable areas of London pay among the highest insurance premiums in the country, a new study has shown. Research conducted by actuarial consultancy EMB found that Islington is the most expensive borough for car and home insurance with residents paying out an average of £745. Karl Murphy, a partner at EMB, said the expense of the cover in Islington can be attributed...Read More
Has Alistair Darling sold out to the EU?
There are serious concerns today the Alistair Darling has sold out to the EU with news that three new regulators will be created primarily to monitor and regulate the UK financial markets. They will be charged with monitoring the banking sector, insurance sector and all investment firms within Europe although London is by far and away the main focus of this increase in regulation. Despite Alist...Read More
Why have final salary pension schemes fared so badly?
News that Barclays bank is introducing a significant re-organisation of its pension liabilities has in the eyes of many sounded the death knell for final salary pension schemes. These are schemes which pay out a set pension based upon each member's service and final salary at retirement. Once by far and away the most popular of pension fund arrangements, the situation has changed drastically over...Read More
Will the next banking bailout be the last?
As the UK government looks to shell out billions upon billions of pounds yet again on the beleaguered banking industry, there are concerns that more money may be required in due course if this latest bout of financial assistance is unsuccessful. However, quite how the UK authorities would be able to raise any significant amounts of future funding is very debatable as the country is literally on it...Read More