View more on these topics

BSA backs cash ISA

The Building Societies Association has backed the Treasury&#39s recent Cat-standard proposals for cash individual savings accounts.


BSA believes Cat-standards for cash isas will reassure inexperienced savers in an increasingly complex and crowded savings market.


The Cat-standard cash ISAs stipulate no charges, a minimum transaction size no greater than £10, withdrawals within seven working days and interest rates no lower than 2 per cent below base rate.

Recommended

CGU presents Christmas hamper to first ever customer

CGU is going to present its first ever policyholder with a Christmas present she is unlikely to ever forget.Betty Boyes of Guisborough in Cleveland is to be presented with a hamper by CGU Life senior financial consultant John Smith.Smith says: &#34Congratulations to Mrs. Boyes on becoming CGU Life&#39s first policyholder. She was looking for an […]

Sloc&#39s IFA arm gets go ahead

The PIA has given Sun Life of Canada regulatory approval to launch its IFA arm Sloc Independent.The IFA will operate on referrals from the company&#39s field force, concentrating on products the insurer does not provide like healthcare. It will start with three registered individuals but may grow to over 30 depending on referrals.Sloc Independent will […]

Hogg Robinson restructures business into three units

IFA Hogg Robinson has announced a restructuring of its financial services arm into three new businesses.Advizas with deal with IFAs, Paymaster will deal with outsourced payments and processing and Entegria with benefits consulting.Chief executive David Radcliffe says: &#34Companies are seeking to reduce costs and maximise efficiency. The new structure will enable the individually branded businesses […]

Tories attack ISA retreat

The Government has watered down its commitment to extend savings to a further six million people through individual savings accounts, according to the Tory party.In a response to a Parliamentary question two weeks ago by Tory Treasury spokesman Nick Gibb, which raised the question of six million extra savers, Prime Minister Tony Blair avoided mention […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment