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Isa sales up 9 per cent to £645m

Gross Isa sales for July have increased by 9 per cent to £645m to £589m, according to the latest Isa figures.

Isa funds under management topped £2.4bn while net retail unit trust and Oeic sales topped £1.2bn up 40 per cent on June.

Director of Communications Anne McMeehan says: &#34The continuing popularity of investment funds has resulted in particularly good sales for the time of year. Securities Isas have enjoyed their most successful month so far.&#34


Northern Rock launches three new bonds

Northern Rock is launching a new range of fixed rate bonds. The 3-year bond offers up to 7 per cent per annum fixed until 1 November 2002.The 2-year bond offers up to 6.75 per cent per annum until November 2001 and the 1-year bond up to 6.3 per annum fixed until 1 November 2000.The fixed-rate […]

Norwich Union Healthcare sets up IFA support team

Norwich Union Healthcare has set up a dedicated support team to backup IFA sales of private medical insurance.The Healthcare Bureau is NU&#39s response to IFA calls for a centralised unit for information and advice on PMI sales.The Sheffield based team will be backed by NU&#39s development consultants around the country.Its development manager Brian Gilfillan says: […]

West Brom issues new three-year fixed rate bond

West Bromwich Building Society is launching a three-year fixed rate bond which pays up to 6.8 per cent gross.The Guaranteed Monthly Income Account is fixed until 30 November 2002 with monthly and annual interest options paying 6.6 per cent and 6.8 per cent respectively.The minimum balance is £10,000 but existing “Privileged Members” can open an […]

Henderson merges Pacific and emerging fund teams

Henderson Investors is merging its Pacific and emerging markets teams toprovide more integrated coverage of global emerging markets and developedAsian markets.Heather Manners, formerly head of the Pacific team, will lead the newlymerged team, which will manage total funds of more than £1.5bn.The team of nine is responsible for two retail unit trusts, Asianenterprise and Pacific […]


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