Your ideas
Ideas archive for February 2017
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AER is it as “equivalent” as the name suggests?
Let’s look at a simple example:
You borrow £100 with a rate of 10% for a year compounded annually. As you would expect this the money you owe by the end of the year will be £110.
In another case where you borrow £100 with a monthly compounded rate of 10% AER, things are different. At the end of the year you don’t owe the same amount, but instead you owe £110.47. Well, it’s not equivalent, is it?
The reason being that the monthly interest rate is assumed to be equivalent of the AER rate divided by 12 months, which is clearly false mathematics. The difference may not seem a lot in the case of £100 as above, but in larger sums, e.g. in a case of a mortgage which lasts for many years, this may be accrued to a sizeable amount.
I question the sincerity in the naming of such tools. Naming of technical terms should not be a mechanism to mislead people. And I am surprised how governments have allowed AER’s usage.
I hope other people find this as annoying as I do. Give me your thoughts.
Why do BT not HAVE TO tell customers BEFORE they sign up to Fibre to the premises they can not change supplier
How about the new so called free smart meters that will cost every home £400 plus another over a billion for recalls. Common sense means if you heat anything it costs big money, the rest is peanuts in comparison.
No Help From Which? on Dry Cleaners
Is it possible to clean efficiently and be kind to the environment?
school uniform cost
school jumper £11×2
school polo shirt £9×3
school trousers £7×2
school shoes / plain black lace up plimsolls £3
The danger of candles in the home
They have melted, dripped and leaked all over the place causing a real mess on our mantelpiece. The inherent fire hazards of this are unthinkable. I’ve emailed Morrisons who’s supplier Spaas, eventually returned a pathetic set of excuses. I remonstrated on the dangers of poor quality materials etc, but to no avail.
Has anyone else had such a problem?
Mutual current accounts
Why does an eco-labelled wood stove emit more pollution than 25 ten-year-old diesel trucks?
The UN Environment Program recommends phasing out log-burning stoves to improve health & reduce climate change.
The Danish Ecological Council showed that even an eco-labelled wood stove pollutes as much as 25 ten-year-old diesel trucks.
PM2.5 air pollution kills 38,000 UK residents every year. Wood as a domestic fuel is the largest contributor to UK PM2.5 emissions (47,000 tonnes per year), nearly 3 times more than all road transport (13,900 tonnes/yr). The average new wood stove approved for UK Smokeless zones emits more PM2.5 per year than 1,000 petrol cars or 200 Euro-5 diesels.
Reviews of wood stoves should be updated to include information on health and air pollution, and consider the UN Environment Program recommendation that developed countries phase out this major source of PM2.5 pollution.
More info: woodsmoke.3sc.net/files/UK_PM25_pollution_extracts_of_supporting_documents.pdf
woodsmoke.3sc.net/greenhouse
woodsmoke.3sc.net/health
Hi @caresabouthealth
Thank you for your comment. In the coming years, the European Union will be changing the laws around stove efficiency to reduce harmful emissions even further.
We are actually in the process of updating our guide to look at this, and will be looking into the matter in more depth in due course.
Hope that helps.
autism
we need more autism topics, how to help child with autism cope with school , travel, homework or just sitting still .
I use an autisticvest to help my son it really works but any other ideas are welcome
airbnb cancellation policies
claims advisory group
Is it legit?
Thanks
Thanks for getting in touch. If you were thinking of using this company to claim back PPI, we’d advise that you do it yourself instead. Our guide http://www.which.co.uk/consumer-rights/advice/how-to-reclaim-mis-sold-ppi takes you through the whole process. Good luck.
The government is always looking for Productivity Improvements -here is one way of helping
Post Office requires payment for cancelled service…
Privatisation
Brexit Price Increases
Is the lack of competition in Package Holidays now at a point where we are receiving appalling customer service?
How to defrost your freezer
There are some good points in this article, but I suspect it’s author Ben Slater was not made aware of some very useful advice when he wrote it. For example, he says “wait for the ice to melt”, but many manufacturers supply a scraper. The most recent time was yesterday, when my wife and I completed the task on a rather large domestic chest freezer. It was full, but including emptying, sorting and refilling, it took nicely under 90 minutes. I have a trick but it doesn’t involve electricity, because Ben’s comment about electricity and water not mixing is a good one. I’m wondering how many people have an effective and fast technique.
Thanks
Tim
Thanks very much for your comment.
We recommend waiting for the ice to melt, because we don’t want to offer advice that will invalidate anyone’s warranty. That said, you’re right to point out that if the manufacturer supplies tools for the job, then so much the better.
If you’re in any doubt, though, it’s always a good idea to check the terms and conditions of your warranty with the manufacturer.
pension changes and the lack of clarity in the information that has been put out and given in response to questions.
I asked for a forecast and received one that assumed that as I was on retiring (because of company rules) enrolled in a contracted out scheme I had spent my the full working life contracted out. Also the time in work does not add up. Then again In he new scheme the pension is strictly personnel, however is the pension I was paying into also applied to a partner raising children etc. Does that still apply to those who paid into the old scheme or has my wife lost what we paid for?
Again I cannot get answers.
Its just not acceptable to just go silent on us
I
Amazon marketplace sellers
I bought a Rotho bin from ehappypets.co.uk, which broke after three months. The company refused to do any thing and Amazon backed them up.
Also, Amazon removed comments I made on Seller Feedback without informing me or telling me why. Amazon say they want to build the most “customer-centric” company in the world. Really?
Washing machines – door reversal
DNA testing
showed I was 71% British, 17% Irish and 6% of me came from the Iberian Peninsula. In addition there were very small bits of other nationalities in my genes. I then got to thinking, what is British? English, Scottish and Welsh were not identified as separate groups. Internet research revealed the complex makeup of we British but none of this shows in the Ancestry results. It’s very dissapointing! My advice is don’t waste your money on what is a very shallow report.
Kasperski anti virus software
Banks using your account direct debits to cold call and sell their own products
British Airways downgrades for 2 for 1 voucher redemptions
Use loyalty cards for charity
Hi Hubert Allen,
Thank you for getting in touch.
We discussed loyalty cards only recently.
You can find the convo here: https://conversation.which.co.uk/shopping/loyalty-cards-points-discounts/
I’m sure the community would love to hear your views on this.
Thanks
A Which? about Pets