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Loyal investors targeted for Tessa Isa by Leeds & Holbeck

Leeds & Holbeck Building Society has expanded its range of Tessa Isas with the Cat standard loyalty Tessa Isa.

The Isa is aimed at existing Leeds & Holbeck customers who have a tax exempt small savings account (Tessa) that is about to mature and are now considering how to reinvest the capital.

Leeds & Holbeck has given the Isa a variable rate of 6.7 per cent and investors are allowed to access their capital whenever they like. This instant access allows the Isa to be Cat standard. The minimum investment into the product is £1.

According to Moneyfacts the most competitive instant access cat standard Tessa Isa on the market on December 5, 2000 is the instant access Tessa only Isa from the Britannia Building Society, which has a variable rate of 6.85 per cent and which also offers instant access and a minimum investment of £1.


Investec calls up new mobile technology

However Lakey disagrees. He says: “The product literature is confusing. Not enough detail is provided regarding the charges, the reason for its offshore base and its dollar denomination.”Looking at the product overall, Chapman says: “To launch just another technology fund would have meant little press coverage. The marketing boys have therefore come up with this […]

Pep shake-up adds flavour

The latest changes in the Pep and Isa rules are highly sign ificant for anyone involved in the savings industry. A collective vote of thanks should go to the 12 industry bodies and consumer groups, as well as the 23 IFAs and Isa pro viders, which lobbied the Treasury earlier this year in a coherent […]

Between the lines

Howard Davies&#39 letter on polarisation to Chancellor Gordon Brown is open to more than one interpretation. It could well be construed as a total failure to understand the significant advantages of the present polarisation regime. Alternatively, it could be construed that he and the FSA have been forced into a corner by Brown, Treasury economic […]

Assureweb releases international portal service

Assureweb is launching an international portal service aimed at IFAs who conduct offshore business for their clients. The service will provide IFAs with offshore news, product information, research, forms, brochures and jurisdiction information and will go live in the next two weeks. The portal is supported by 13 international product providers including Bupa, Clerical Medical, […]

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]


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