View more on these topics

BSA figures show boost for cash Isas

Figures from the Building Societies Association show that not all areas of the Isa market are performing badly.

In contrast to last week’s Investment Management Association figures which show net outflow of funds from Isas for the first time since 1999, BSA figures show strong demand for cash-based deposit accounts. The BSA September figures show that building societies had net inflows in cash-based deposit accounts of 1.2bn in September compared with 121m in September 2003.

Director general Adrian Coles says the impact of taxation changes and the continued slow performance of the stockmarket are taking their toll on stocks and share Isas. For the moment, Coles thinks onsumers will continue to put their money into cash accounts.

Coles says: “It is important that the distinction between cash Isas and stocks and share-based Isas is made. It is not the case that there were net outflows from all Isas. We have seen dep-osits in cash-based society accounts go through the roof.”


D-Day dodgers

With the approach of D-Day – December 1 – the minds of tied and independent advisers should be straying towards the consideration of their regulatory status in the newly depolarised world. Depolarisation offers advisers the options of being whole of market, limited choice or single provider. Currently, of course, there are only two choices -IFA or tied adviser.

Tories plotting a revolution

The Tories want to revolutionise retail regulation – their plans amount not to reform but to FSA Mark II.

Under Shadow Chancellor Oliver Letwin’s plans, retail investors and savers would get the information they need to make informed decisions but they would not have a system of regulation that sought to minimise their risk when investing.

Universal Building Society – Two year Discount

Type: Discounted-rate mortgageDiscounted term: Two yearsDiscount: 2%Payable rate: 4.79%Minimum loan: 20,000Maximum loan: Up to 95% of valuation subject to a maximum of 150,000, up to 90% of valuation subject to a maximum of 200,000, up to 85% of valuation subject to a maximum of 225,000, up to 80% of valuation subject to a maximum of […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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