Fidelity International, the largest mutual fund manager in the UK, has announced that six fresh Luxembourg-registered funds have now been released inside the ISA bracket.
Three new asset classes from Fidelity: Fidelity Funds Asian Special Situations, Emerging Markets and Latin American equity funds are thus unveiled. IN addition, Fidelity Funds America, Euro Blue Chip and International Bond Funds are added to the offerings. (more…)
Investors are keen to put their money into ‘green’ ISAs ahead of the April 6th deadline, according to Co-Operative Financial Services (CFS).
The firm says that a commendable 67 per cent of those who expect to use their ISA allowance in the next two months will consider putting it into a scheme which offers environmental benefits. (more…)
New figures from the Investment Management Association (IMA) have showed that investment funds under management saw an 18 per cent year-on-year increase in December, reaching £410 billion.
Within this, ISA sales were in a strong position, seeing sales of £107 million during the month - much higher than November’s £3.1 million outflow - although this was in fact a 16 per cent decrease on the figure for December 2005. (more…)
HSBC currently offers four types of ISA: the cash mini ISA, which exempts savings of up to £3,000 pounds from income tax; the capital protected ISA/Pep, a fixed-term programme with returns linked to the FTSE 100 Index; the stocks and shares ISA for funds, which protects funds from income and capital gains tax; and the stocks and shares ISA, which makes shareholdings more tax efficient. (more…)
Virgin Money offers three types of ISA: the simple cash ISA; a stock market shares (index tracking) ISA; and a bonds and gilts ISA. The main benefit of ISA’s is that it is not necessary to declare ISA investments to the taxman, ensuring they stay tax free - unlike ordinary bank and building savings accounts, for instance, or unit trusts, where tax is paid on interest earned on savings. Unfortunately, the money invested in ISA’s each year by an individual is limited to a £7,000. (more…)
British taxpayers are collectively wasting £170 million a year by not investing in ISA’s, according to a new study.
Research by Unbiased.co.uk has found that four million people currently hold shares that are not secured in ISA’s, while seven million Britons are leaving money untouched in ordinary savings accounts. (more…)
A new ISA account has been launched by Alliance & Leicester that will pay seven per cent a year gross/annual equivalent rate (AER).
The deal guarantees customers an interest rate at least one per cent above the base rate until April 2008. (more…)
A new investment ISA has been launched by Citigroup that dispenses with initial charges.
Up to £367.50 could be saved by each individual investor as a result of eliminating fund managers’ fees - money that can now be invested directly into an ISA.
It is normal practice for fund houses to charge customers between three and 5.25 per cent on new investments. (more…)
FundsNetwork, Fidelity’s “online investment supermarket”, has launched seven new ISA packages that it hopes will make choosing ISA’s easier for both advisers and investors.
Its new online “ISA zone” will allow advisers to scroll through a list of ISA’s in order to best determine which scenario is most suited to a particular investor.
Each FundsNetwork ISA package is categorised into core or themed funds. (more…)
A one per cent discount on its initial charge is being offered by Allchurches Investment Management Services (AIMS) to customers investing in its Nicer ISA package.
AIMS habitually bills five per cent as its initial charge, but 0.75 per cent of the fee will be refunded until April 30th, with a further quarter of a per cent being given to one of eight designated charities. (more…)
