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Isa confusion claim

The Government is confusing worried Individual Savings Account customers, according to Gartmore.

The fund management group is claiming Isa rules make consumers fear they are breaking them even when they are not.

Gartmore is recommending the Government devise a single annual Isa allowance of £5,000 and stop baffling people with how much they are allowed to invest in a mini or maxi Isa.

Gartmore head of marketing Charles Ricketts says: “These schemes have the potential to be blockbusters, but they need simplifying if they are to succeed in spreading thrift and the saving habit.”


SLI bid for nervous investors

Scottish Life International hopes to allay the fears of nervous technology stock investors with a fund .SLI is hoping will win over shy investors looking to get a piece of the high technology sector&#39s action by offering “peace of mind.”The quarterly rolling fund gives 95 per cent capital protection, guaranteeing not to lose more […]

Demutualised firms in &#39social lepers&#39 claim

Demutualised building societies are being accused of creating “social lepers” by academic experts.Newcastle University&#39s Richard Willis is claiming former building societies close nearly three times as many branches than they open, particularly in deprived areas.Willis says: “Building societies seem to have a social conscience. They are much closer to their communities and can survive on […]

Halifax direct bank Spring launch

The new Halifax direct banking arm is planning to launch this Spring.The bank is aiming to offer current and savings accounts, loans, mortgages and a credit card through the internet, digital television and telephone by May.Although the bank are yet to disclose its targets chief executive Jim Spowart says he expects early growth […]

House price surge for December

House price inflation surged 2.6 per cent in December, according to the Halifax.The 2.6 per cent rise was the second biggest monthly increase of 1999.The increase takes the average house price to £83,108.


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