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Bumper Isa season kicks off

January saw the highest demand for Isas since their April launch, according to MarketMinder&#39s Isa tracking report.

The research, based on 2,000 face-to-face interviews, showed thirteen per cent of savers are “likely” and four per cent are “very likely” to buy an Isa. This compares with a total of just seven per cent of investors surveyed in November who said they were likely or very likely to purchase an Isa.

MarketMinder chief operating officer Mike Hare says: “We expect a bumper &#39deadline season&#39. The Isa market has been showing some very early signs of maturity.

“The data now indicates the very high demand seen historically in the final quarter of each Pep year may well be seen in Isas in the same way.”


Apcims to lobby Brown on-line

The Association of Private Client Investment Managers and Stockbrokers is leading an online petition for the abolition of stamp duty on share transactions.The association is lobbying Chancellor Gordon Brown to ditch the tax ahead of the March budget.Apcims claims the arrival of a European free trade alliance on cross border selling in November will force […]

West Brom prepares for armchair banking

West Bromwich Building Society has struck a deal for an undisclosed sum with cable television supplier Telewest which will allow customers to set up savings and mortgage accounts from their armchairs.The service will go live when Telewest&#39s Active Digital TV shopping channel is launched in March.The move follows similar entries into digital TV banking by […]

Portman announce profits boost

Perennial carpetbagger&#39s target Portman Building Society has reported a ten per cent boost for its 1999 profits.The figures have allowed Portman to defend its decision to serve one month&#39s notice on 500 carpetbaggers who chased demutualisation windfalls earlier this year.Pre-tax profits for 1999 were up 10 per cent to £54.5m, with mortgage lending soaring 24 […]

GPP squeeze on with-profits

Thousands of employers may be forced to abandon existing group personal pensions in favour of stakeholder if the Government excludes with-profit funds from its proposals.The life industry fears predictions of a GPP bonanza will prove unfounded as they are caught out by the fact the Government regards market value adjusters as an “exit penalty”.The Government&#39s […]


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