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Building societies lose out on equity Isas

Savers are shunning building society access account for stocks and shares, a Mercury Asset Management survey has revealed.

The fund manager&#39s insight on UK investors shows three in ten savers believing stocks and shares give the best returns over five years, while one in five believe the same of building society instant access savings accounts.

A Mercury Asset Management spokesman says: “While the popularity of stocks and shares is welcome news, the large proportion of consumers who think an instant access account or a cash Isa will provide them with the best income on their investments is alarming.

“This comes at a time when six times more savers said the interest they get on their traditional High Street savings account has fallen.”


Land of rising sun offers brightest investments

Japanese equity funds have come out top in the Life & Pensions Moneyfacts/Lipper regular survey.The Japanese specialist funds sector is the best out of those covered in the survey, with an increase of more than 24 per cent in the three months till the end of November and 181 per cent in the year to […]

FSA warning on endowments

The Association of British Insurers is creating guidelines on endowment mortgages to help confused consumers.The initiative follows the Financial Services Authority&#39s rejection of consumer campaigner calls for a full-blown enquiry into alleged endowment mortgage misselling.The ABI has devised a ten point action plan designed to reassure and educate new and existing policyholders.The FSA is working […]

Attack on Government pension planning blight

The National Association of Pension Funds has attacked the Government for making creating a “planning blight” causing uncertainty in company pension schemes .The climate of uncertainty is being created by the Government&#39s continued consultation on stakeholder pensions. The NAPF annual survey of 700 pension schemes revealed 72 per cent of money purchase company pensions still […]

FSA takes up new stockmarket role

The Financial Services Authority has published draft guidelines on its approach to taking over the role as the London Stock Exchange regulator next Spring.The FSA announced it will take over from LSE&#39s listing function with the continued help of the listing authority advisory bodies.It also revealed of head of the listing department at the stock […]


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