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Mercury launches first Isa

Mercury Asset Management has launched its first Isa, the Mercury Unit Trust Isa.

To mark the launch, Mercury is offering a 2 per cent discount on its initial charge for all lump sum investments of £1,000 plus.

The stocks and shares Isa is only available on a maxi basis. It has an initial investment requirement of £1,000 for lump sums and £50 a month for regular contributions.

The Isa offers the choice of 19 funds ranging from its UK smaller companies through to its gold & general fund.


Equitable Life sets aside £200m

Equitable Life is understood to have put aside £200m to cover the cost of guaranteed annuities despite earlier claims the bill would total £50m. The life office has made the extra provision in its accounts although it claims the total amount needed may fall short of this amount.Equitable has initiated a test cast due to […]

North-South house price divide set to continue

The North-South divide in house prices is set to continue according to Nationwide Building Society&#39s latest quarterly housing review.And London continues to outstrip the rest of the South East with prices up to 20 per cent higher.The survey shows an increase in house prices over the short term fuelled by consumer confidence following a 2.25 […]


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