Ireland’s Guide To Money And Living

Consumer watch

Consumer watch

National claims database?

According to the Irish Independent, a national database of insurance claims could be established as a means of curbing rising motor insurance costs. Charlie Weston notes that at present, insurers maintain their own individual databases, making it harder to track claims. “A data-sharing initiative would be likely to make it easier to uncover uninsured drivers, as details on each car and driver, covering motor tax, insurance records and NCT details, would be stored on a national database,” he writes.

A difficult choice

Should you stick with renting or take the plunge and buy your own home? That’s the question posed by The Irish Times‘ Fiona Reddan this week, a question undoubtedly considered by many people around the country as they weigh up rising rental costs against the need to save a hefty deposit for a mortgage. Reddan provides a handy overview of the options and steps – ranging from purchase costs to tips for first-time buyers.

Full steam ahead

Finally, Irish Rail has published a draft timetable for a proposed new connection through the current disused Phoenix Park tunnel, linking Newbridge and Hazelhatch with Grand Canal Dock. The Phoenix Tunnel line is due to receive a €13.7m upgrade funded by the National Transport Authority, with a public consultation process now open to receive feedback on the proposed changes.

“We are looking forward to delivering better services for commuters with the introduction of new services via the Phoenix Park Tunnel,” said David Franks, Chief Executive, Iarnród Éireann. “This will allow thousands more commuters daily switch to rail, and deliver a new direct rail connection from stations between Newbridge and ParkWest to stations such as Drumcondra, Connolly, Tara St, Pearse and Grand Canal Dock. However, firstly, and most importantly, we want customers to examine the initial schedules proposed, to give us their feedback, so we can ensure we meet their expectations as much as possible.”

Share
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.
Share
Share