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It is still a good time to make Isa investments

The confirmation that February Isa sales are down by almost 40 per cent on last year is unlikely to come as news to anyone involved in investment sales.

For three months, the media has been getting itself in a spin about a possible recession and, with another 20 per cent wiped off the FTSE last week, investor sentiment is as flat as it can be.

But while much of the investing public continue to make their Isa decisions on the strength of doom and gloom headlines, IFAs would do well to ignore the media when advising clients in the last few days of the Isa season.

The reasons for investors to use their Isa allowances are as compelling as they ever were. While markets have the capacity to fall still further over the coming weeks, there are abundant opportunities for good, active fund management.

Many of the new companies which were overvalued last year have not only fallen back to sensible levels but are even beginning to look good value.

For nervous investors who refuse to be exposed to equity markets in their current state, almost all fund managers are offering phasing or free switching options.

In the face of a constant bombardment of advertising, it has become increasingly difficult to trust fund firms&#39 exhortations that now is the time to invest. But just as a stopped clock is right twice a day, the fund industry&#39s perpetual call to invest occasionally becomes shrewd advice.

It is also just about the best time to expose the fiction that Isa investors do not benefit from seeking out decent independent financial advice.


Weighed down by review overload

In The Magnificent Seven, Steve McQueen is asked why another character has run through a cactus field naked. “It seemed like a good idea at the time,” he replies.If you ask regulators, Governments and thinktanks why they set up inquiries into various aspects of public policy – especially some time after the event – they […]

CGNU buys up Hungary firm in £64m deal

Norwich Union&#39s parent company CGNU has bought the sixth-biggest life insurance business in Hungary in a £64m deal.ABN Amro Magyar Elet es Nyugdijbiztosito Reszvenytarsasag was previously owned by Dutch bank ABN Amro. It focuses on the higher-net-worth segment of the Hungarian market and has a direct salesforce of 800 as well as call centre staff.The […] gives stakeholder guidance

Financial services website is offering details of stakeholder providers and guidance on the new pension although the company is steering clear of the market.The site&#39s stakeholder wizard sits alongside similar guides for products sold by the company, including Isas, mortgages and personal loans. The interactive tool gives details on charges and fund choices to […]

AMP UK Financial Services issues mortgage promise

AMP UK Financial Services is issuing an endowment promise to around 80,000 mortgage endowment customers of London Life, NPI and Pearl who could be affected by shortfalls.The AMP UK mortgage promise says a mortgage endowment will meet its target value provided the customer pays the premiums and AMP earns an average of 6 per cent […]


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