Ireland’s Guide To Money And Living

Consumer watch

It’s official – the world of retail has gone mad. With over four months to go until Christmas, Brown Thomas will begin preparations for the holiday season this Thursday, before most schools even return for the new school year.

Parts of its stores across the country will be transformed into Christmas markets, with decorations, crackers and other odds and ends available to buy.

Madness, we say.

In other news, the Irish Independent reports on calls for the Government to establish an insurance market inquiry to cut the high cost of premiums. The call has been made by AA Ireland and the Consumers’ Association of Ireland – the former has recently released the results of its annual survey of motoring costs, which highlighted insurance costs as a major factor for motorists.

“This is the biggest 1-year rise in Insurance prices in well over a decade,” said Conor Faughnan, the AA’s Director of Consumer Affairs. “It marks a big change in the market with insurers nervous about rising claims and about improving their reserves. All prices are rising but if you have had no claims or points in the year and have done nothing wrong it feels unfair. Unfortunately the trend is set to continue for the rest of the year and into 2016 in the AA’s view.”

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Finally, good news for some AIB customers – RTÉ reports that around 110,000 customers of the bank could be entitled to compensation in relation to card protection insurance policies. Some of these customers may have taken out the option protection policy without sufficient information.

Customers will have the opportunity to make a claim against premiums paid since August 1st 2006.

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When not writing about all things personal finance, You & Your Money’s editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.

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