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Wednesday, 28th March 2018

John Smiles

Qualified Financial Advisor

Life Insurance - Perception v Reality of claims paid

Last year, Irish Life Assurance, Ireland’s largest life insurer, commissioned a study of life insurance perceptions in Ireland. The study was conducted by Coyne Research in December 2017 and the results are based on a nationally representative sample of 1,000 adults.

The most surprising finding, from Irish Life’s perspective was that Irish adults believe that overall, only 51% of all life claims made are actually paid out.

In 2017, Irish Life itself paid out an average of 95% of all the claims made. Of these, 98% of all death claims were paid, as were 90% of Specified Illness claims and 96% of malignant cancer Specified Illness Cover claims.

Most people think Life Insurance gives financial security to their family should they die. But it also offers ‘Living Benefits’ that can help financially,

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Wednesday, 28th March 2018

The price of the average three-bed semi in Waterford City rose by 2.6% to €195,000 in the past year, according to a national survey carried out by Real Estate Alliance.

In the rest of the county, the average price of three-bed semi now stands at €172,500, a rise of 4.5% in the last 12 months.

The REA Average House Price Survey concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an up-to-date picture of the property market in towns and cities countrywide to the close of last week.

"We have observed a noticeable increase in residential rents which is attracting the investor back into the market," according to REA Spratt in Dungarvan.

"In addition, tenants are now being enticed into buying a home rather than continuing to pay increasing rent costs.

The average semi-detached house nationally now costs €229,111,

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Wednesday, 28th March 2018

4 Beech Court, Bellfield, Ferrybank, Waterford. Price €155,000

Excellent 3 bedroom family home/ investment property located within walking distance of Waterford city and the new proposed North Quays development when complete the new foot bridge to the city centre will located just 1 mile away, Property prices in the area are expected to increase in value once the development begins.

The property has 3 spacious bedrooms, large family bathroom with bath and shower, Living room, Kitchen diner and guest WC. Full Upvc framed double glazed windows and gas fired central heating along with extra insulation help the property achieve a C2 energy rating.

Viewing comes highly recommended as this property is priced to sell at €155,000. Call William on 051 338888 or email This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloak1bbcdc218d8ac6dfd30f34f34be1fac3').innerHTML = '';

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Wednesday, 28th March 2018

38 Hazelbourne, Cleaboy, Waterford

New to the market with Sherry FitzGerald John Rohan is 38 Hazelbourne which is an excellent 3 bed semi detached residence attractively situated overlooking a large green in this lovely small residential development. Hazelbourne is conveniently located within only a few minutes drive from Waterford Industrial Estate, Waterford Institute of Technology and some of the larger pharma employers – Sanofi and Westpharma. There is an excellent choice of schools in the immediate vicinity, with Waterford city centre again within a short drive.

Occupying an enviable position within a small cul de sac of only six houses, this inviting home provides well laid out accommodation with gardens set in lawn to front and rear together with off street parking. Teak double glazed windows throughout, gas fired central heating. Extras include patio, steel shed to rear, French doors from dining

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Wednesday, 21st March 2018

Michael Garland,

bizBoost Chair,

Waterford Business Group

Made of Waterford!

It was a busy week last week. What with the news of the North Quay Strategic Development Zone and Leo’s bandwagon rolling into the City. "The 2040 NDP Tour" was in full swing and those busy bees in the Special Communications Unit were doing what they do best, spinning us a yarn!

Everyone was very excited and relieved on Thursday last, to read across various social media sources, that the North Quays would go ahead unhindered. It appeared that the planning process had this time worked in Waterford Inc’s favour. Unlike many a scuppered past development, this time there were to be no road blocks. No insurmountable barriers and no "Serial-objectors", using their pens to blunt our sword.

The announcements were made by various media savvy Councillors. Immediately after the Mayor declared at the monthly Council

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Wednesday, 21st March 2018

John Smiles

Qualified Financial Advisor

Investors, don’t forget the KIDS

As part of the standardisation of the format of information being given to retail investors across the EU single market, new regulations were introduced on 3 January 2018. The aim of the Regulations is to create a uniform, easy to understand "Key Information Document" (KID) which facilitates comparison between different products, in different countries.The KID regulations apply to all regulated investment products, including Packaged Retail Insurance-Based Investment Products [PRIIPS].

The Central Bank of Ireland published an amendment to the Life Assurance (Provision of Information) Regulations 2001 (the Life Regulations). This amendment came into force on the 1st of January 2018 and it means Life Companies must provide both types of disclosure documents to consumers at the point of sale.

Both types of disclosure documents have a different focus, especially when it comes to assessing and

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Wednesday, 21st March 2018

Des O’Shea of REA O’Shea O’Toole was among those who brought local properties to a US market that now forms over 22% of overseas enquiries for Irish property.

"Increased wages in Ireland and the lure of better opportunities for returning emigrants has seen US property buyers flocking to secure homes and investment properties in Ireland ," said Des O’Shea

"Many attendees were Irish people in their fifties who were enquiring about returning home due to the high price of education and health.

"We also met many young Irish people who were returning home to work, Irish families looking to return home and retirees looking to downsize.

"Enquiries from the US are now increasing hugely year-on-year, highlighting the return of emigrants who feel the time is right to come home.

"We also had a high number of enquiries from people interested in investment and holiday properties,

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Wednesday, 14th March 2018

Michael Garland,

bizBoost Chair,

Waterford Business Group

"When Leo came to town!"

It was a busy week last week. What with the news of the North Quay Strategic Development Zone and Leo’s bandwagon rolling into the City. "The 2040 NDP Tour" was in full swing and those busy bees in the Special Communications Unit were doing what they do best, spinning us a yarn!

Everyone was very excited and relieved on Thursday last, to read across various social media sources, that the North Quays would go ahead unhindered. It appeared that the planning process had this time worked in Waterford Inc’s favour. Unlike many a scuppered past development, this time there were to be no road blocks. No insurmountable barriers and no "Serial-objectors", using their pens to blunt our sword.

The announcements were made by various media savvy Councillors. Immediately after the Mayor declared at the

Read More »

Wednesday, 14th March 2018

John Smiles

Qualified Financial Advisor

What does the end of easy money mean for investors?

10 years after the global financial crisis (GFC) threatened a return to the Great Depression of the 1930s, the global economy is finally on the mend. It is anticipated growth should approach 4% in 2018, the strongest growth since 2011 as the economic recovery gains strength around the world. That means the withdrawal of the extraordinary medicine administered by major central banks since the onset of the GFC will gather pace.

The US Federal Reserve will likely lead with further rate hikes and other central banks should also begin moving towards tighter, rather than looser monetary policy.

The scale of the monetary firepower deployed by global central banks over the past 10 years is breath-taking. Around $10 trillion has been pumped into financial markets, equivalent to almost four times the

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Wednesday, 14th March 2018

In the midst of a housing crisis it is incredulous just how slowly some elements of the State are moving to address housing issues, IPAV the Institute of Professional Auctioneers & Valuers said on Monday last.

The organisation, which represents 1,1000 auctioneers and valuers, says a grant to help first-time buyers refurbish vacant properties in rural towns and villages, announced in January 2017, has not seen the light of day more than a year after it was announced by Government.

Pat Davitt, IPAV Chief Executive, says at that time the Government launched its ‘Action Plan for Rural Development’ with the promise of a pilot scheme before the initiative would be rolled out nationally.

"We publicly welcomed this, it was something we, for some years, had urged the Government to introduce in the belief that it would breathe new life into rural Ireland, by

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  • Our View

    A Paper AnniversaryAs he has been in high profile politics for such a long time, it is hard to think that Leo Varadkar has just celebrated his first year as Taoiseach. Over the last decade, there has hardly been a time when the man hasn't been out of the headlines for one reason or another. But it is his role as Taoiseach which has cemented his position in Irish history.Of course such an anniversary didn't go past uncommented and he was given a rough ride in the Dail when the subject came up. As mu …

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