View more on these topics

&#39Public need advice before buying an Isa&#39

Nearly three-quarters of consumers believe professional advice is needed before buying an Isa, according to research for Threadneedle.

The research also found more than half of consumers are confused by the tax-free investment.

Threadneedle&#39s Isa Opinion survey of 1,000 British adults reveals 55 per cent do not know the difference between mini and maxi Isas.

The research, carried out by ICM Research, shows awareness of Isas is high, with 74 per cent of respondents knowing about the existence of the products, but 37 per cent believe Isas are too complicated.

However, the survey found Isas are popular with 35 per cent of respondents already investing in the product and a further 30 per cent intending to buy an Isa in the next year.

Threadneedle says the survey confirms its belief that investors need advice to prevent the misbuying of Isas.

The company also believes Isas would be even more popular if investors were allowed to hold both a mini and maxi Isa.

Retail managing director David Sachon says: “We are delighted to see how popular they are among the investing public but the findings confirm what we have always believed – that investors need advice. The Chancellor would win a lot of friends by asking the Inland Revenue to declare an amnesty for those investors who have taken out a mini and maxi Isas in error.

“As long as the amount involved is less than £7,000, it would help the popularity of the product if both Isas were allowed to stand.”


National Mutual – Ethical Fund

Friday, 13th October 2000.Type: Unit-linked pension fund.Aim: Growth by investing in the Credit Suisse Fellowship Fund.Minimum investment: £500 a year, £50 a month, £500 single.Investment split: Credit Suisse Fellowship Fund which invests in UK companies which meet ethical criteria.Charges: Annual 1.2 per cent.Commission: Subject to negotiation.Tel: 0845 6001413.

Cover story

Where a client makes a potentially exempt transfer, the net gift after exemptions could result in an inheritance tax charge if the donor dies within seven years of the gift.The gift will be included in the chargeable estate on death. It is essential, therefore, that temporary life insurance cover is considered to payany additional IHT […]

Credit Suisse targets post venture capital

Credit Suisse Asset Management is introducing the global post-venture capital fund.The fund is aimed at UK investors who are looking for growth in global funds and who are prepared to put up with medium to high risk. Global post-venture capital will invest in a wide portfolio of up to 130 global post-venture capital stocks. These […]

Consumers questioned to set standards for Saltr

The ABI is conducting a major customer satisfaction survey in a bid to set benchmarks for its Savings and Long Term Risk initiative.The Saltr initiative is a quality mark scheme aimed at raising standards in the financial services industry and improving the public&#39s provision for their financial welfare.The results of the survey will be used […]

Artemis Monthly Distribution Fund: positioning and outlook

Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm