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Hennelly Finance is celebrating their 21 year anniversary with a Business All-Star Accreditation from the All-Ireland Business Foundation.

Brokers Ireland has advised workers to make whatever provision they can through savings, however small, for their later years.

Cllr Frankie Keena has this week welcomed the publication of Our Rural Future, a five year plan published by the Government which aims to revitalise rural communities in the wake of Covid-19.

Commenting on the most recent Residential Mortgage Arrears and Repossessions from the Central Bank for Q4 2020, Brokers Ireland noted that while a reduction in the number of arrears cases is positive, they are still far too high and not enough is being done to address the issue which, well over a decade on from the financial crash, is impacting Ireland’s disproportionately higher mortgage interest rates than those of the euro area.

Commenting on the most recent CSO Pensions Coverage 2020 report, Brokers Ireland said it must first be acknowledged that 20 percent of the population, those who most need pension coverage, were not included in the study because they were unemployed.

Commenting on the most recent Central Bank Retail Interest Rates publication, Brokers Ireland said the drop in the weighted average interest rate on new mortgages in December to 2.76 from 2.79 the previous month is to be welcomed, even if the rate remains the second highest in the euro area behind Greece.

Commenting on the Central Bank Credit and Debit Card Statistics for November 2020, Brokers Ireland noted that €595 million was spent on e-commence transactions in the month, a figure it predicts will have substantially increased in December, although figures are not yet available, and advised of the very high cost of such credit if bills are not paid on time.

Q: It was a very different – and difficult – year, 2020. I would like to be positive now and make 2021 count with proper resolutions in my life and career. Any advice you can offer? (BC, email).

Q: It was a very different – and difficult – year, 2020. I would like to be positive now and make 2021 count with proper resolutions in my life and career. Any advice you can offer? (BC, email).

As the Central Bank’s retail interest rates for August reveal a continuing wide gap between Irish and euro area mortgage holders, with Irish consumers paying 2.83 percent compared with 1.35 percent on average across the euro area, a differential of 1.48 percent, Brokers Ireland said there is not enough competition in the Irish mortgage market and Irish consumers may have to wait until they can access mortgages across EU borders before we’re likely to see strong competition.