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B&W reports high demand for Tessa Only Isas

Bristol & West is reporting a surge in demand for its stockmarket-linked Tessa Only Isa.

Around 70 per cent of Bristol & West&#39s customers are choosing to reinvest, most of them preferring equity-linked accounts. In addition, 25 per cent of applicants are customers switching their maturing Tessa capital to Bristol & West from other providers. The company has taken on 10 extra staff to process applications.

Bristol & West head of savings and investments Harry Partington says: “Savers looking for a home for their matured Tessa contributions have seen the high returns had by those in stockmarket linked Tessas and many are moving to this type of product.”


Julian Gibbs

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£2bn accepted in phase two of pensions review

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ABI axes four gene tests after criticism

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There was plenty to get your teeth into last week – not all of it good. The Dow Jones index flirted with 11,000 (good) but the FTSE 100 continued in the doldrums (bad). The monetary policy committee cut interest rates (good) while BT demonstrated just how much debt they had managed to acquire (bad). And […]


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