View more on these topics

&#39Take Isas guides with a pinch of salt&#39

The FSA has issued a warning to consumers over Isa guides, telling them to make sure they “take them with a pinch of salt.”

FSA head of consumer education Deborah Arnott said consumers should always read the fine points and resist sending off a cheque straight away.

Last year, FSA managing director John Tiner said the regulator has problems with the guides, saying eight of the 14 looked at in the previous Isa season were not up to scratch.

This week, Arnott says the guides are “certainly not going to be the most suitable for everyone.”

Other tips included finding out who is selling the product and looking at what the Isa is invested in.

Recommended

Treasury &#39tinkering&#39at annuity changes

The Treasury has issued its long-awaited annuity consultation paper, proposing allowing annuity transfers and the creation of a limited term product.Compulsory purchase at 75 remains and there are no changes to the rules prohib-iting handing down benefits to family other than spouses on death.Treasury Economic Secretary Ruth Kelly says that the Government plans to allow […]

Standard cuts bonuses but only by average of 8%

Standard Life has moved to secure its place among the top-performing life offices by cutting reversionary bonus rates by significantly less than its competitors.Standard has reduced bon-uses by an average of 8 per cent across many schemes and kept rates for its traditional with-profits policies at the same level as last year.The move eclipses Scottish […]

Gartmore pulls VCT

Gartmore became the second provider in a week to pull its VCT from the market on Friday, blaming difficult market conditions for its lack of success.The Gartmore Premier VCT, which was aiming to reach £25m, has raised just £850,000 since its launch at the start of October. Investors&#39 money will be returned next week.The withdrawal […]

Alexander Forbes buys 60% stake in actuarial firm

Alexander Forbes has taken a 60 per cent stake in consul-ting actuaries Lane Clark & Peacock for £27.6m.The deal, which values the actuary at about £46m, inc-ludes the option for Alexander Forbes, which has a big IFA business in the UK, to increase its stake to 80 per cent after three years.While the two companies […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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 thought leadership.

    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

    Email: customerservices@moneymarketing.com