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Discount Isas can distract investors warns Baillie Gifford

Discount offers on Isa investments can be distracting and costly, warns Baillie Gifford.

The investment management group claims Isa adverts promoting discounted rates in the run-up to April 5 are distracting consumers, diverting attention from the actual cost of the underlying product.

Investors could lose hundreds of pounds in charges over the life of the investment says Baillie Gifford.

Baillie Gifford investment trust liaison and development manager Robert ORiordan says: “An Isa with a discount sounds like a tempting bargain but investors need to be wary of the other charges that they incur for their Isa. For example, dealing commission and percentage-based annual management fees can result in investors paying more in charges than they might think.”


Product matters

Demand for venture capital trusts isstarting to soar.Sales have topped £160m, having more than doubled over the last two months. There are over 30 VCT promoters and managers vying for investors’ money.The gulf between the best and worst-performing VCTs is wide so investors need to be careful. Pennine Aim VCT 5 merits serious consideration. The […]

GMAC-RFC enhances its buy to let range

GMAC Residential Funding enhances its buy to let range with loans up to 89 per cent LTV GMAC Residential Funding has reduced its rates across its buy to let range with 2, 3 and 5 year fixed rates.The new 2 year fixed rate has free legals and 250 cashback for remortgages. Binding decisions can be […]

Pi fears on rule confusion

IFAs could be hit by negligence claims due to the compliance and risk management obligations of depolarisation, warns PI broker PYV.


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