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A roll of the Isa

The City is famed for its high rollin&#39 ways where fund managers, not content with their day job of riding the stockmarket roller coaster have to indulge in high stakes spread betting by night.

The heady days of the 1980s&#39 bonus boys may be over but Money Marketing was not surprised to overhear Schroders head of UK sales Neil Bridge and M&G deputy managing director UK retail Phil Wagstaff celebrating their recent successful joint roadshows challenging each other to a reckless spread bet on this year&#39s total Isa sales.

While we would never reveal just how much they were predicting in sales (you have to ask them themselves), we can reveal the magnitude of the bet, in the worst-case scenario, er a tenner. Crazy guys!

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