View more on these topics

Investment trust Isa purchases up 20 per cent year on year

Investment trust Isa purchases in the third quarter of 2005 increased 20 per cent from 8.8m in 2004 to 10.6m says the AITC.

The global growth sector gained the highest proportion of total Isa purchases in September, at 25 per cent, followed by the UK growth and income sector at 11 per cent, and the European sector at 10 per cent. 18 per cent of investment trust Isa purchases were through financial advisers.

The average amount invested by regular savers was 154 per month whilst the average lump sum investment was 2,893. Despite the positive year-on-year figures, Isa purchases were down 46 per cent on the previous quarter from 19.6m to 10.6m.

AITC director general Daniel Godfrey says: “I feel very positive that more private investors will discover the many advantages the investment trust industry has to offer.”


Funds set to gain from demolition job on Sipps

Fund managers stand to benefit from Chancellor Gordon Brown’s shock scrapping of residential property from Sipps as advisers look to put clients’ money elsewhere. Property funds are the most obvious beneficiaries of Brown’s U-turn but investors are also likely to broaden their portfolios following the change. Threadneedle communications director Richard Eats says there is no […]

Leeds launches 3-year BTL discounted mortgage

Leeds Building Society is launching a new three-year buy-to-let discount mortgage at 4.99 per cent up to 80 per cent LTV.The product has no higher lending charge and 10 per cent capital repayments are allowed each year without penalty. There is also a fee-free version with a valuation up to 335 and a free house […]

Brown throws residential properties out of Sipps

Chancellor Gordon Brown has thrown residential properties out of Sipps in today’s pre-budget report.Sipps and all other forms of self-directed pensions will be prohibited from obtaining tax advantages when investing in residential property and other exotic assets such as fine wines.Action will also be taken to prevent the abuse of the rules for tax-free lump […]

Brown sinks Sipps

Chancellor Gordon Brown has axed property Sipps in a shock U-turn that consigns two years of hype and millions of pounds to the scrapheap. In his pre-Budget report on Monday, Brown stripped away tax relief on residential property going into pensions after A-Day and branded it a prohibited asset class incurring tax. The shock move […]

Retirement - thumbnail

Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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