Yearly Archives: 2015

The shares worth having if the US central bank raises its rates

It is only a matter of weeks before interest rate hikes could become a reality in the United States. The US central bank, the Federal Reserve, is giving some of its strongest signals yet that it is likely to raise its rate next month. If that happens, it will be the first rise in almost…
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An income boost from UK pensions 

Are you receiving a UK state old age pension? Did you – like hundreds of thousands of Irish emigrants work in the UK, pay National Insurance contributions (popularly known as “the stamp”)? If you did and are now getting a weekly UK pension, no matter how small or large, you might be interested in an…
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Get checked before it’s too late

Mike Magan is urging his fellow farmers to look after their health before it’s too late, writes Áine Hennessy “Do it for your wife, your partner, your kids, for all those you love, so maybe they can avoid a sad day any time soon,” says Mike Magan. He says he has stood at too many…
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Members oppose takeover of credit union by rival lender

The board of Maynooth Credit Union has agreed to it being merged with the larger Naas CU, with funds to support it being provided by a League of Credit Unions bailout fund as part of a rescue operation. But more than 80 members of Maynooth attended a meeting in the town earlier this week, raising…
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Using life insurance to beat inheritance tax

Over the last few years, the Government has reduced the tax-free threshold for capital acquisitions tax (CAT) to €225,000 for people who stand to inherit assets when their parents die. So if a deceased husband and wife willed their family home worth €1,000,000 to their three children, then (and as long as they had not…
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Aviva Ireland reports 80% jump in H1 profits

Profits across Aviva Ireland’s three businesses rose by 80 per cent to €45 million in the first half of the year, up from €25m in 2014, as the insurer said it is in a good position to take “full advantage” of the economic recovery. Hugh Hessing, Aviva Ireland chief executive officer, said the results show…
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Zurich eyes up troubled RSA Insurance

Zurich Insurance is weighing a bid for British rival RSA which could top $8 billion and attract counter-offers as insurers look to diversify amid toughening regulations. RSA, which has an operation in Dundrum, Co. Dublin, is Ireland’s largest insurance company. It was hit by an accounting scandal in November 2013, and its chief executive, Philip…
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Cost of raising a child is €105,000

The cost of raising a child until they are 21 years of age is over €105,000, new research has shown. According to the findings, childcare and third level fees are the most expensive costs that parents have to contend with, however these are just two of a number of costs, including food, clothing, health expenses,…
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Don’t let insurance claims put you out of business.

Don't let insurance claims put you out of business. They cost you money both in increased insurance premiums and loss of revenue due to dissatisfied members and negative word of mouth advertising in your community. The most common claims that we see in insurance programs that have specialized in the fitness industry over the past…
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Consumers need new insurance legislation, report says

New consumer legislation designed to remove “vicious devices and traps for the unwary” from insurance contracts has been recommended by the Law Reform Commission. In a report published today, the commission recommends warranties should be abolished from insurance contracts, changes should be made to the duty of disclosure and there should be proportionate remedies for…
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