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Cofunds warns investors ‘do not ignore ISAs’

Cofunds is urging investors concerned by global market volatility not to relinquish their ISA allowance this year.

It says those who have not taken out an ISA using this year’s £7,000 allowance will see it vanish if they do not act before the end of the tax year.

Cofunds Marketing and Proposition Director Alastair Conway says there are a wealth of bond funds and absolute return funds available which offer returns on an ISA quite un-correlated with the FTSE Index.

He says: “This is not a benefit that can be carried forward past 5th April. It’s a matter of use it or lose it. “

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