View more on these topics

Halifax hits 1m Isa sales

Halifax claims to have sold more than a million Isas since the new savings and investment vehicle was launched in April – cornering a quarter of the whole market share.


The Pep and Tessa replacement sales are believed to have now topped 4m.


The vast majority of those sold have been cash Isas.

Recommended

TAXATION OF LIFE POLICIES

On 18 October 1999 the Inland Revenue issued a press release announcing certain changes to the regulation of overseas life assurance business (OLAB). These changes are set out in the Insurance Companies (Overseas Life Assurance Business (Compliance) (Amendment) Regulations 1999. These regulations will make it easier for life insurance companies operating in the UK to […]

Fears of online share dealing

Online trading is set to boom even though trade sharing is becoming riskier, according to industry experts.Last week Halifax suspended internet share dealing after customers were able to access other people&#39s accounts. But this Monday 800 people registered for the Halifax service – twice the level of a normal day.The mess-up highlighted the problems with […]

Mortgage brokers face electronic regulators

Mortgage brokers will face electronic checking under new proposals by the Financial Services Authority.The FSA is considering linking its computer system with those of larger mortgage brokers. This means data can be transferred to the FSA&#39s head office for compliance checking.The move comes ahead of the government&#39s decision on whether to switch from voluntary to […]

Government may top up pensions for poor

The Government is proposing to subsidise lower earners with top up payments to ensure they remain within their occupational pension schemes.The move is detailed in proposals for the rebate structure under the State Second Pension and follows concern that many of the low paid earning less than £9,500 a year, would be better off opting […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment