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ISAs will cap vital savings funds

I am surprised that you see fit to give space to the discussion on exactly how many Pepholders will be hit by the £50,000 cap on ISAs.

The real debate should be how many people will be excluded from accumulating savings that they arguably need. A £50,000 cap at current interest rates might imply an annual income of, say, £3,000, equivalent to, say, seven or eight weeks&#39 nursing-home fees.

Douglas Croft,


Andrews Gwynne and Associates,



Yorkshire to offer loans by phone

Yorkshire Building Society is set to enter the flexible mortgage market and sell products direct over the phone later this year. It is spending £19m to upgrade computer systems, allowing the society to offer more complex products such as flexible mortgages. Flexible mortgages allow borrowers to take repayment holidays and make overpayments. They have become […]

Don&#39t tarnish ISA with brush of high commission

Fears for the future scope of the Individual Savings Account are throwing up curious reactions. Now, it seems that charges and commission are taking centre stage. Should they? Last week, Credit Suisse Asset Management Funds said it would offer up to 5 per cent initial commission on lump-sum Peps. NPI said it planned a no-load […]


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