View more on these topics

Junior Isa limit set to jump to £3,600

The Government is expected to increase the junior Isa limit by 20 per cent to £3,600 next week, according to reports.

Treasury financial secretary Mark Hoban is expected to make the announcement, which would replace the £3,000 indicated when child trust funds were closed to new savers.

Sources in the article say the move is part of plans to “further align” the tax shelters between CTFs and junior Isas amid concerns that banks and building societies are offering uncompetitive interest rates on CTFs.

Children born between September 2002 and January 2011 each receive £250 in CTFs vouchers, they would not be eligible to have a junior Isa under proposals announced earlier this year.

The 20 per cent increase on junior Isas is expected to come into force in November 2011 with the alignment of the tax shelters at a later date.

Recommended

Coventry Intermediaries launches fixed range with no ERCs

Coventry Intermediaries has launched a number of new fixed rate deals with no early repayment charges. Customers can choose between various two, three and five-year products, between 50 and 85 per cent and rates start from 2.99 per cent. The range includes a 2.99 per cent two-year fixed rate at 65 per cent LTV as […]

Adviser Fund Index

Over the past few years, the debate has developed over the size and significance of the financial sector to developed economies. Since May 2007, the allocation towards financials in the three benchmark Adviser Fund Index portfolios has unsurprisingly shifted. Significantly, however, while it dropped from its peak of 16 per cent to 11 per cent […]

Castlestone papers reveal unusual holdings

Documents from Castlestone have exposed some unusual investments in its Intelligent Portfolio Asset Allocation fund of funds after its Aliquot Gold Bullion fund was shown to have high fees. The fund is 191.71 per cent exposed to the funds it invests in. This is normally only possible if a fund invests in derivatives, not other […]

3

Transparency of charges is the key to pension success

The oft-maligned stakeholder pensions are responsible for reducing pension charges and improving the clarity and transparency of charges. Transparency of charges can only be a good thing. It is one benefit, I believe, of the introduction, 10 years ago, of stakeholder pensions. With the impending arrival of auto-enrolment, savers will require more information than ever […]

Artemis Global Income: favouring Europe over the US

With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment