Category Archives: Uncategorized

Thousands more in line for mis-sold insurance refund

There are now calls for the reopening of a redress scheme which has already seen thousands of people refunded money over the mis-selling of payment protection insurance. Sinn Féin finance spokesman Pearse Doherty has written to Central Bank Governor Philip Lane seeking the widening of the redress scheme after a High Court ruling, the Irish…
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Electric Ireland rewarding its loyal residential customers

Electric Ireland has reduced its electricity prices for all customers three times in less than two years. Those reductions, together with the additional savings now on offer, will give a total saving of €184 per year for the average electricity customer compared to 2013 prices. This saving rises to €280 per year for customers with…
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The state of your health can enhance your pension income

Enhancing a pension income is a tough task these days: banks offer middling to nil interest on savings. Investing requires time and a strong nerve and access to professional, impartial advice if you are to avoid high costs and charges. And with unemployment still so high, not every older person has the energy or ability…
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Australia’s Amp Gets Profit Boost From Wealth Management

The wealth manager unit, AMP Capital, which has a joint venture with Chinese insurance behemoth China Life and a strategic alliance with Japan’s Mitsubishi UFJ Trust and Banking Corp (MUTB), saw a 20% jump in operating earnings as investors dumped equities for defensive assets. AMP Capital increased funds under management on behalf of international institutional…
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A saving of €2448.00 on your Mortgage Protection Insurance

Mortgage protection cover is the life insurance policy we all have to take out when buying our mortgages. This cover provides your bank or homeloans lender with the security of clearing your mortgage if you die during the term of your home mortgage.  Combined with this lower premium due to longer life expectancy if you've…
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Don’t allow hard-earned cash to go up in smoke

  THE difference between what a smoker and a non-smoker can expect to pay for life assurance premiums is staggering. I was carrying out an analysis between the two recently, and based upon a sum assured of €200,000 for life and serious illness, I found that a 35-year-old couple who both smoke will pay 85%…
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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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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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