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Equity-based Isas surge despite warnings

Volatile world stock markets failed to deter UK investors from investing a bumper amount in equity-based Isas in February.

Gross sales of equity ISAs totalled £1.07bn in February, which was up 59 per cent on January sales, according to the Association of Unit Trusts and Investment Funds.

Although the figure is slightly less than the amount invested in February last year in PEPs, Autif is upbeat about the figures.

Spokeswoman Anne McMeehan says: “Technology funds have received a growing proportion of investment over the last few months. There is no doubt that over the last few months UK investors have developed a taste for higher risk funds”.


Scottish Mutual – Income Bond

Type: Single premium endowment assurance policy designed to provide a monthly or annual income. Growth option also available.Aim: Income or growth by tracking movement of Dow Jones Euro Stoxx 50 Index.Minimum-maximum investment: £10,000-£250,000.Term: 3 years.Guarantee: 40% of initial investment in addition to any income already taken or growth payable.Return: Capital return depends on performance of […]

Newcastle Building Society in charity link-up

Life office Ecclesiastical has halved the initial charges on its Isa to 2.5 per cent for new applications received by April 5. Its cash Isa lets investors donate a percentage of their savings to a range of charities as well as benefiting from having money in a tax free shelter. The society has teamed up […]

Opra to answer questions on-line

Occupational Pensions Regulatory Authority, is to run its second web-based question time session on April 11. Participants can quiz chairman John Hayes, chief executive Caroline Instance and board member Harriet Maunsell on impending changes to the regulator&#39s powers. From April 3, most cases where an employer fails to pay employees&#39 contributions into an occupational pension […]

Two month high for mortgage approvals

Mortgage approvals reached their highest levels for nearly two and half years last month according to figures from the Bank of England.The figures show the number approvals were upto 105,000 in February from 94,000 in Janaury. February&#39s figure highest since the method of collection was redefined in October 1997.The approvals figures, which is above the […]


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