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Tuesday, 11th June 2013

The latest edition of the National Housing Construction Index compiled and issued by Link2Plans (http://www.link2plans.com) illustrates that Waterford has had a sharp decrease in Planning Applications as well a significant fall in commencements compared to the national average.

Waterford has experienced the eighth sharpest drop in applications after falling 17% in January to April 2013 compared to the same period last year. Waterford planning applications fell from 81 in January to April 2012 to 67 in the same period in 2013. Moreover, Waterford also has the sixth highest percentage drop in commencements after a fall of commencements in the county from 50 in January to April 2012 to 31 in the same period in 2013.

Compared to Waterford, the outlook is positive for particular pockets around the country which are experiencing an increase in commencements and applications.

Although planning applications were

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Tuesday, 11th June 2013

The new valuations that have been issued by the Dublin-based Valuations Office have been hitting businesses in Waterford this week.

I have not got a

comprehensive picture from around the city and county – but what I have seen in some instances in Tramore defies belief.

Some SMEs in the town have been hit with indications of a review that will increase their Rates for 2014 by a jaw-dropping 150% plus. I have seen documentary evidence of Rates reviews going from well under €2,000 this year to well over €4,000 for 2014. And this in the middle of the worst recession we have ever had!

Does this Government not realise at all that businesses in many cases are on the ropes, trying to stay up. They are

giving good and steady employment. A goodly

number are in difficulty already trying to pay the Rates for the

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Tuesday, 4th June 2013

John Smiles, Qualified Financial Advisor

What is risk taking?

European regulators and the funds industry have become acutely aware of the need to give retail investors a greater understanding of the amount of risk they might be taking when making an investment. The European Securities and Markets Authority [ESMA] is an independent committee of European Securities regulators. Its role is to help improve co-ordination between different securities regulators and act as an advisory group to assist the European Commission. It has produced guidelines as to how investment managers should represent risk and return to consumers. It is intended that these guidelines will be adopted as the standard approach across all European fund managers.

The ESMA Risk Rating methodology uses a seven point scale based on 5-year annualised volatility without the scope for subjective intervention. Investments that are most likely to experience large changes

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Tuesday, 4th June 2013

Josephine Feehily, Chairman of the Revenue Commissioners, has announced initial details regarding the voluntary phase of the Local Property Tax before the Joint Committee on Finance, Pubic Expenditure and Reform.

Speaking before the Committee, Ms. Feehily said: "Because the Register was compiled from several databases we knew that some people would receive letters in error and we would be missing some properties. We continued to build the register even as the issue of returns was ongoing and ultimately we issued LPT Returns, personalised letters and an LPT Guide in respect of just over 1.69 million residential properties either by post or by way of their Revenue Online Service (ROS) inbox. In our communications plan we also advised property owners that even if we didn't contact them they have an obligation to file.

The outcome of the voluntary phase of Local Property Tax

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Tuesday, 4th June 2013

OVER 150 MEMBERS ATTEND –

The president of St. Dominic Credit union Sean O'Brien welcomed all to the 45th AGM of St. Dominic Credit Union Ltd in the nice and comfortable surrounds of Dooley's Hotel on the Quay Waterford on Wednesday night week last. He told one of the best attended agm's in recent years, (although this year held late in the year at the financial regulators insistence) that St. Dominic has maintained a high profile and is continuing to encourage new and current members to save and borrow. He reminded all that the commitment to the members and the Ethos of the co-operative movement will continue to be the focus for the Board, Supervisors and Staff over the coming years.

The introduction of the new Credit Union Bill 2012 has increased the regulatory responsibility that we face which is fully regulated

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Tuesday, 28th May 2013

John Smiles

Qualified Financial Advisor

How expensive is Life Insurance?

Irish Life recently commissioned Coyne Research to conduct market research on their behalf. The survey found that there are still large deficits of cover, when it comes to family protection. Looking at customers between 30 and 45 years old, the survey found that:

- 58% have no life insurance in place

- 90% have no specified illness in place

- 88% have no income insurance in place

Cost remains the biggest barrier to taking out cover particularly amongst those aged 30-45, but most people think it's more expensive than it is.

1 in 3 customers thought that putting €100,000 life insurance in place would cost them €50 per month. The actual cost is just €15.00 per month. The cost will depend on things like how much cover you need, your age and health and the type of plan

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Tuesday, 28th May 2013

Fiona Ormond

Solicitor with MJ O'Connor Solicitors,

Confederation House, Cork Road, Waterford. Tel: 051 355663 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloakcdc98b0470ec7dac851dd8813e9ea0af').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addycdc98b0470ec7dac851dd8813e9ea0af = 'formond' + '@'; addycdc98b0470ec7dac851dd8813e9ea0af = addycdc98b0470ec7dac851dd8813e9ea0af + 'mjoc' + '.' + 'ie'; var addy_textcdc98b0470ec7dac851dd8813e9ea0af = 'formond' + '@' + 'mjoc' + '.' + 'ie';document.getElementById('cloakcdc98b0470ec7dac851dd8813e9ea0af').innerHTML += ''+addy_textcdc98b0470ec7dac851dd8813e9ea0af+'';

Circuit Court cannot hear appeal where Data Protection Commissioners declines to investigate a complaint

The High Court has upheld the Circuit Court's ruling that in circumstances where the Data Protection Commissioner ("DPC") declines to investigate a complaint on the grounds that it is frivolous or vexatious that such decision

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Tuesday, 28th May 2013

Secondary School Students Called On To Register For Ict ‘Taster' Courses This Summer

Microsoft, the College of Computer Training (CCT) and Fastrack to IT (FIT) today encouraged senior cycle secondary school students in Waterford to register for IT-focused taster courses this summer. Together they are supporting the running of the classes which will be run in CCT on Westmoreland Street in areas such as programming, networking, web design, gaming and operating systems. The courses are free of charge and there will be places for some 300 students.

The courses will comprise of seven separate IT programmes and each course will last between two and three weeks. Each week of the course, there will be four half-days of tuition. The lectures will focus on the real world, practical uses of technology and would suit basic to intermediate level students. Tuition, assessment, materials and

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Tuesday, 21st May 2013

John Smiles

Qualified Financial Advisor

What is financial planning?

Financial planning is about getting to grips with your money to help your goals become a reality. Start by looking at your household budget and your bills. Do you have money left at the end of the month? Are you spending too much on some things and not enough on others? Are there new expenses on the horizon that you haven't prepared for?

Financial planning isn't just about saving and investing. Taking control of your day to day budget and understanding what you spend your money on is probably the most important part of dealing with your personal finances. Until you know what you've got to spend, you can't decide what to spend it on.

Decide on your financial priorities. Are you and your family protected against the unexpected? Most people insure their homes and cars

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Wednesday, 15th May 2013

An option is a contract to buy or sell a specific financial product officially known as the option's underlying instrument or underlying interest. For equity options, the underlying instrument is a stock, exchange-traded fund (ETF), or similar product.

The contract itself is very precise. It establishes a specific price, called the strike price, at which the contract may be exercised, or acted upon. It has an expiry date. When an option expires, it no longer has value and no longer exists.

Options come in two varieties, calls and puts, and you can buy or sell either type. You make those choices - whether to buy or sell and whether to choose a call or a put - based on what you want to achieve as an options investor.

What a particular options contract is worth to a buyer or seller is measured by

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Letters to the Editor

  • A Wonderful Harvest

    Even though the weather Gods didn’t exactly play ball over the weekend it doesn’t take away from the fact that this years Waterford Harvest Festival was yet again another wonderful success. It was great to see the streets of the centre of the city so beautifully and thoughtfully decked out. The various food stalls offering tastes from all over were great to wander around. The information and background that each of the stall holders were able to give on the provenance of their food was really interesting an …

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