View more on these topics

Advisers say Isa season will be a washout

Most IFAs believe this year&#39s Isa season will be a total washout, with more than two-thirds expecting the traditional pre-April sales surge to vanish over the coming years.

Sixty-five per cent of respondents in a survey of 800 users of The Exchange believe there will not be a “noticeable” Isa season this year, dashing fund managers&#39 hopes that sustained stockmarket rises will kickstart sales.

Even greater numbers believe this trend is set to continue, with 69 per cent predicting the Isa season will have no significance in the coming years.

As a result, an overwhelming majority of 96 per cent believe the industry should channel more energy towards encouraging people to invest all year round, not just when the tax deadline is looming.

But, even if this is achieved, they do not expect the same products to remain popular, with 63 per cent of IFAs saying they believe sales of corporate bond funds – a long-time bestseller despite fears of a bubble – will drop off.

Fifty-six per cent say the Government&#39s much criticised decision to scrap the tax credit on equity Isa dividends will result in dwindling sales of these products, particularly damaging with the savings gap growing ever wider.

PR manager Charlie Musson says: “IFAs have naturally felt that Isa sales should be spread throughout the year and the bear market seems to have shown that this is now likely to happen.”


Anglo Irish Bank – Capital Protected Bond Issue III

Type: Offshore guaranteed equity bondAim: Growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £10,000 Term: Five years and six months Return:Up to 100% growth at end of term Guarantee: Original capital returned in full regardless of the performance of the index Place of registration: Isle of Man Commission: Initial […]

BM Solutions limits BTL clients to 10 properties

BM Solutions has reined in buy-to-let lending in a move described by brokers as a return to mainstream buy to let.A review of BM&#39s buy-to-let lending criteria has resulted in its 25 to Let scheme being withdrawn. The maximum number of buy-to-let properties an individual borrower can have with BM is now 10.Some brokers believe […]

Willetts lays out Tory pension plans

Shadow Pensions Secretary David Willetts has announced the Conservative Party&#39s plans to tackle the pensions crisis, reiterating a commitment that a Tory Government would scrap the State Second Pension and cut the social security budget using the savings to raise the state pension and restore the earnings link.

T&C deal for loan brokers

A new training and competence system for mortgage brokers is being jointly launched by the LIA, Sofa and the Chartered Insurance Institute.Mortgage Assess will help advisers, administrators, support staff, supervisors and managers comply with the rules of statutory regulation. It will be available from February.It includes a knowledge assessment system which tests users&#39 knowledge levels […]

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]


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 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