View more on these topics

FSA says ISAs better than personal pensions for most

The FSA says that the average investor saving for their retirement would be better off putting their money in ISAs rather than personal pension schemes.


The regulator says that basic-rate taxpayers especially, who wouldn&#39t benefit from the tax breaks offered by personal pensions as would higher earners, would be better off investing in low-cost ISAs.


FSA research conducted indicates that an individual would be 7 per cent better off after 25 years if they invested in an ISA than they would be using a personal pension. The findings use an average 7 per cent annual return in both cases.


The report went on to estimate that only those individuals who pay into their personal pensions for their duration are likely to benefit. It put this figure at only 15 per cent.


Recommended

Will clicks buy the bricks?

Should the Bank of England raise interest rates?PH: Inflation is very low at present – less than 2 per cent when you strip away the effect of mortgage repayments.The aim of the Government has been to keep inflation under control and they have managed to achieve this by manipulating the base rate.A further interest rate […]

CPD programme to set competence standards for LTC

Savers who open an account with Cheltenham & Gloucester before July 31will be given two free tickets to any National Trust house or garden. C&Gwill also donate £1 to a National Trust coastline campaign for each accountopened.Trade bodies Sofa and IFA Care are teaming up to develop a continuingprofessional development programme to establish minimum competence […]

The key to being a new boss

I have recently acquired all the shares in a small limited company with an agreement with the vendor that the purchase price is payable in instalments over the next 10 years.The company has six employees and, prior to acquiring the company, I was sales manager.I would be grateful if you could highlight some of the […]

FSA joins Aifa forum to restore stability on PI

The FSA is to join an Aifa forum on the professional indemnity market in abid to dispel fears of a retrospective review.The forum, which will meet three times a year, is part of a step-by-stepplan that Aifa has drawn up to help restore “order and stability” to the PImarket for IFAs and drive down the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com