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Financial jargon putting off investors

Financial jargon is putting investors off saving, according to research published by online investment site The Motley Fool which shows that 86 per cent of consumers don&#39t know the difference between an IFA and an Isa.

Forty per cent of all potential investors are deterred by confusing financial jargon, with 29 per cent finding it easier to understand a French menu than a brochure about investing in Isas.

The term &#39unit trust&#39 was widely misunderstood by those surveyed, with 58 per cent saying they new what it meant, but only 46 per cent actually selecting the correct answer in a multiple-choice option.

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OUTSIDE EDGE Robert Reid

I don&#39t know about elsewhere in the country but the rush to sign up for stakeholder has yet to grip North London. Perhaps the October deadline is the date to focus on, given that many businesses I have spoken to recently have little idea of their obligations.The talking sheepdogs seem to have been left by […]

Press boost Fidelity Isas

IFA recommendations helped Fidelity get better press coverage than any other fund management group during the Isa season, according to PressWatch.PressWatch&#39s new Fund-Watch initiative tracked national press coverage of Isas, unit and investment trusts between January and April and found IFA support for a particular fund has a hugely significant impact on its track record […]

Edward Vaizey

I love election manifestos. They&#39re like love letters. They make you feel fantastic. A little tweak here, a little tweak there and pretty soon the world will be set to rights. Of course, like love letters, all those good intentions go sour in the end.Political parties have got into the habit of publishing multiple manifestos. […]

CGNU sells Belgian general insurance arm

CGNU is selling its main general insurance business in Belgium to Winterthur Europe Assurances SA, Credit Suisse&#39s Belgian subsidiary.Winterthur will pay £72m for CGU SA, which had gross written premiums of £106m in 2000. The transaction is subject to regulatory approval and is expected to be completed in the second half of 2001.

taxes

Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.

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