'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."
UK government considers abolishing retirement age
The UK government is stuck between a rock and a hard place as it battles against the ever-changing population breakdown of the UK. For the first time ever there are now more pensioners than children in the UK due to a longer lifespan for the UK population and a lower than expected birth rate. When you also bear in mind that pension funds have suffered dramatic falls over the last couple of years t...Read More
Banks launch new campaign against fraud
14/10/2014 UK banks have launched a new campaign to help consumers protect themselves from fraudsters. The British Bankers Association (BBA) has warned that millions of customers are still vulnerable to fraud, both online and over the phone. The campaign, called “Know Fraud, No Fraud” has been created with help from the police and highlights the eight things that banks will never ask an...Read More
Is the UK government about to be embarrassed over the Icelandic affair?
Amid claims that the government were aware of problems in Iceland prior to the collapse of the country's financial sector there are growing calls for a thorough investigation into the collapse where confirmation about what the government did and did not know would be requested. As we discussed yesterday there are claims that Gordon Brown knew about problems as far back as March 2008 although no ac...Read More
Will Marks & Spencer surprise the city on the upside?
This Wednesday sees half-year figures from retail giant Marks & Spencer amid hopes that the UK high street may well have turned the corner. Marks & Spencer shares have risen by around 25% over the last three months with broker upgrades for the full year figures rising from £430 million to £600 million. While the shares have factored in some of the increase in forecast figures, there is a feeling...Read More
Is the quantitative easing policy flawed?
As we see the first tranche of quantitative easing money flow into the UK debt market there are serious concerns that the quantitative easing policy is fatally flawed. The indications are that very few UK institutions came forward to sell their government securities and other debt instruments leaving the assumption that the vast majority of the £2 billion spent so far has gone to overseas investo...Read More