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News - ISA
29 Jan 2014 With Fewer New ISAs, Savers Could Turn To P2P Lending

So far in January, only 27 new ISAs have been launched by banks, a figure significantly lower than that for December 2012, when there were 73 new ISAs for savers to choose from. The figures look especially bad since this is the peak of the ISA season when banks should be doing their best to att...

11 Dec 2013 UK Government Proposes To Include Retail Bonds In ISAs

Chancellor George Osborne suggested in his Autumn Statement that investors might be allowed to include retail bonds in their individual savings accounts (ISAs). The change was proposed to reflect the increased popularity of retail bonds among investors, the Daily Telegraph reported. If ...

20 Nov 2013 BSA: Government Should Incentivise Saving Into ISAs

The British government should support savers when they save into their first individual savings account (ISA) as a means to promote saving among people who have never done it before, according to the Building Societies Association (BSA). The suggestion was presented as part of a broader...

09 Oct 2013 Savers Should Get Creative As Returns From Savings Drop

Britons who are saving into cash accounts are facing undesirable returns this year, with the average one-year fixed-rate bond paying only 1.56%, according to new figures released by the Bank of England. This means that, at present, savers whose fixed deals are approaching maturity will ...

11 Sep 2013 FCA Launches Probe Into Cash ISA Market

The Financial Conduct Authority (FCA) is launching a probe into the UK´s individual savings accounts (ISAs) market, following concerns that many providers are using the so-called “teaser” rates, the Financial Times reported. The regulator will look into competition and introdu...

21 Aug 2013 HMRC To Include P2P Lending In ISAs

HM Revenue and Customs is looking for ways to include peer-to-peer lenders in tax-free individual savings accounts, the Telegraph reports. The service, provided online, is an alternative to banks in their capacity of intermediary, and links borrowers directly to lenders, allowing them t...

31 Jul 2013 HMRC Reports Increase In Isa Savings

Many Britons are still looking for tax-free saving options, as more and more consumers have been interested in saving in such accounts, according to new research from HM Revenue and Customs (HMRC). During 2012/2013, a total of 14,559,000 individual savings accounts (Isas) existed, compa...

10 Jul 2013 AIM Stocks To Be Included In ISAs

The UK Treasury has decided to allow investors to include stocks listed on the junior market in individual savings accounts (ISAs). More than 1,000 AIM-listed stocks are to be included in tax-efficient ISAs, most likely from the autumn, according to early predictions. While this opens u...

03 Jul 2013 Still Not Saving For Retirement At 40? Act Now

UK workers in their 40s who have not yet started saving up for a pension should start considering their retirement options. Most people in this age group will have got on top of their debts by then and will have reached the peak of their income, so this decade is the perfect time to start savin...

12 Jun 2013 Majority Of Banks Fail To Give Adequate Advice On ISAs

British consumers are not given the best advice as far as their individual savings accounts (ISAs) are concerned, new research from price comparison website Which? claims. The report revealed that bank workers provide “shockingly poor” advice to people who are interested in ISA prod...

15 May 2013 ISA Savings Drop In 2012

Savings into UK individual savings accounts (ISAs) are falling for the first time since they were launched, according to new data from accountancy firm UHY Hacker Young. A recent report from the firm showed that the amount of new subscriptions into ISAs in 2011/2012 went down to £53.5 ...

01 May 2013 Britons Fail To Use ISA Tax Allowance

According to new research from online and telephone bank First Direct, one in four Britons own stocks and shares, but only 14% have taken advantage of the tax free stocks and shares individual savings account (ISA) allowance that they are entitled to. Nearly 14% of those who have not us...

13 Feb 2013 Slight Rise In Number Of Inflation-Beating ISAs

Five cash individual savings accounts (ISAs) now negate the impact of inflation, up from just two in January, data provider Moneyfacts estimated on Tuesday after the latest inflation data was released. According to the Office for National Statistics, the consumer price index (CPI) was f...

06 Feb 2013 A Third Of Brits Not Making Most Of ISAs Said MoneySupermarket

Some 34% of people in the UK have not yet made the most of ISAs with only two months left until the end of the 2012/13 tax year, a new survey conducted between 25 January and 2 February by MoneySupermarket showed on Monday. Some 8% of over 2,400 respondents said that they would not both...

16 Jan 2013 Just 14 ISAs Negate Inflation Effects In December

Just 14 individual savings accounts (ISAs) managed to avoid the effects of inflation last month, which remained unchanged at 2.7% as announced by the Bank of England, price comparison website MoneySupermarket said on Tuesday. ISAs that mitigated the inflation impact were 13 easy access ...

19 Dec 2012 Only 15 ISAs Beat Inflation Said MoneySupermarket

Only 15 individual savings accounts (ISAs) negate the effects of inflation after the Consumer Price Index (CPI) remained flat at 2.7% in November, price comparison website MoneySupermarket said on Tuesday. The total number included 10 easy access ISAs and five fixed-rate ISAs. A...

05 Dec 2012 ISAs Suffer Third Consecutive Outflow In October - IMA

Investors withdrew money from individual savings accounts (ISAs) for the third month in a row in October, with the outflow amounting to £108 million, according to figures published by the Investment Management Association (IMA) last week. The amount also marked a deterioration in the p...

31 Oct 2012 Investors Withdraw £48.9 Million From ISAs In September

ISAs suffered an outflow of £48.9 million last month, the third outflow in a row in the second half of the year, new data from the Investment Management Association showed on Tuesday. The outflow in September compared with net sales of £127.1 million in the same month last year. ...

17 Oct 2012 Number Of Inflation-Beating ISAs Rises

There are more individual savings accounts (ISAs) that mitigate the impact of inflation after the Consumer Price Index (CPI) dipped to its lowest level in nearly three years in September, MoneySupermarket.com said on Tuesday. According to the price comparison website, currently there ar...

10 Oct 2012 ISAs Suffer Outflow Of £105.7 Million In August

Investment individual savings accounts (ISAs) saw a net outflow of £105.7 million in August, against an inflow of £144.7 million in the same period last year, according to the latest statistics from the Investment Management Association. Domestic strategic bonds were the top-performin...

22 Sep 2012 Millions Of Britons Plan To Use Cash ISAs This Year

About 17 million adults in the UK intend to put their savings into a cash Individual Savings Account (ISA) by the end of the tax year to April 2013, Moneyfacts.co.uk reported last week, citing a survey from Santander.

19 Sep 2012 Number Of Inflation-Beating ISAs Ticks Up

The number of individual savings accounts (ISAs) that negate the effects of inflation is slightly up from last month after the latest drop in the consumer price index (CPI), according to research by Moneyfacts.co.uk released on Tuesday.

04 Jul 2012 Wealth Management News

UK individual savings accounts (ISAs) have slumped by around 25% to 30% over the last three months amid a deteriorating eurozone crisis and overall economic uncertainty.

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