Believe it or not, a company called Pavlok are launching a wristband that is connected to the wearer’s online bank account. If the account overdraws or goes beyond the pre-spending limit, a 255-volt electric shock will remind the wearer ! The company providing the...
HAVE AN ARF Q – Recently retired at the age of 56, I have just taken out an Approved Retirement Fund (ARF) and have been told I must take this “imputed distribution” of 4% of the fund each year. Is this true – I don’t really want to touch the fund as I am still...
Irish Life, the leading provider of income protection benefits in Ireland, paid out over €53 million to people who were unable to work due to illnesses or injuries during 2015. An analysis of Irish Life’s claims data provides a valuable insight into the health of the...
The European Central Bank (ECB) says it cannot investigate high variable mortgage rates in Ireland because it is beyond its mandate. Fine Gael MEP, Brian Hayes, on behalf of all 11 of Ireland’s members of the European Parliament, sent a letter to ECB chief Mario...
A plan by a consortium of credit unions to introduce an alternative to bank current accounts is being delayed by the Central Bank which considers it to be a breach of the State’s financial regulations. The scheme, which involves a grouping of 11 credit unions, was...
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