View more on these topics

Cash Isa still top

Cash continues to be the most popular Isa category, according to research from Halifax based on Inland Revenue figures.
Cash Isas recorded growth in balances of 129 per cent over three years to March 2004, to 81.6bn. Stocks and shares Isas saw growth of 68 per cent over the same period.
The survey also found that over nine million Isas were opened in the UK in the first half of 2004/05, up 6 per cent on the same period last year.

Halifax head of savings Cheryl Millington says: “Perhaps because most people are comfortable with the concept of cash deposits, cash Isas are the most popular choice and more than two-thirds of those people with an Isa have chosen to save in the cash version.”

Recommended

Reliance Mutual to acquire Eurolife Book

Reliance Mutual is to acquire the £50m life assurance business of Eurolife, for an undisclosed sum.This acquisition represents 11,000 policies with £50m funds under management. The policies comprise whole life, term assurance and pensions, both conventional and unit linked. There are no with-profits policies being transferred.Following the transfer, the policies will be administered from Reliance […]

Arc transfers skills to VCT

Enterprise investment scheme specialist Arc Fund Management is looking to raise up to 15m for Arc growth company VCT, its venture capital trust debut.

Make an impression

Woman IFA of the Year Saran Allott-Davey was coaching a Money Marketing hack in the art of creating a good first-impression at the MM Awards last week. When Saran first moved into her little Welsh village, she first met the locals at a 1960’s fancy dress party wearing thigh-high boots and a mini-skirt. The evening […]

Europe: Volatile share prices create opportunities for long-term investors

Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment