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Isas hit record high

Isa sales hit their highest mark in October since they were launched in April, according to the Association of Unit Trusts and Investment Funds.

The Isa fund value for October 1999 reached more than £4.5bn.

This compared to about £3.5bn in September 1999.

Anne McMeehan, director of communications at Autif, said: “There is no reason why, given a buoyant market, Isas should not do as well as PEPs.”

Autif PR Manager, Clare Arber, said: “It&#39s a matter of time and familiarity with Isas. PEPs were more popular after consumers had got used to them. The same will probably be true for Isas.”


B&B penalises young savers

Young savers with Bradford & Bingley are being told they cannot put more than £1,000 into their accounts “for business reasons.”Under-18s with accounts in their own name will not now be allowed to put more than £1,000 into savings accounts. If the balance is more than £1,000 they will not be allowed to top it […]

Cracks in Egg

Egg admitted to a serious crack in its security yesterday.The Prudential-backed web site says it had a serious flaw three weeks ago, which allowed strangers full access to Egg credit card accounts when users believed they had logged out.The security glitch particularly affected customers accessing their accounts at internet cafes and workplaces, as anyone could […]

Nationwide ditches endowment mortgages

Endowment mortgages are being ditched by Nationwide.The move by Nationwide Investment Group follows last week&#39s scrapping of endowments by Pearl Assurance.Nationwide Investment Group managing director Bill Tonks said: “With such low volume of sales, it is not an effective use of resources to support a training and competence regime for endowments.”The NIG mortgage endowment plan […]

Woolwich feels pinch

The Woolwich admits it is feeling the pressure from new players offering savings rates above the bank base rate.In a statement the bank said it has suffered a net outflow of deposits as a result from competition from new entrants The former building society said it had attracted customers to its fixed-rate savings accounts, but […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


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