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Royal Commission healthcare proposals

The Co-operative Insurance Society claims Isas are a great success.

CIS says 85 per cent of its regular Pep savers have converted to Isas, and 75 per cent of life Isa account holders have never held a Pep or Tessa.

CIS general manager marketing Martin Clarke says: “The survey shows Isas are proving a success contrary to the predictions of many commentators.”

The life office has made a report on the six months since the Isa launch in April.


Federation of Small Business calls for retention of carry-forward and carry-back

The Federation of Small Business is calling on the Inland Revenue to retain carry forward and carry back provisions in personal and stakeholder pensions.The Federation says it has countered the Inland Revenue&#39s arguments for simplicity with the need for flexibility.The Revenue argues that representations from pension providers intimated the carry-forward provisions were complex and difficult […]

Northern Rock to close 29 branches

Northern Rock is closing 29 of its 105 branches by the end of the year.The building society says 250 jobs will be lost from branches with declining business volumes, but expects to create jobs through the extension of internet and telephone banking.

Property investment returns booming

Property investment returns are booming according to the Richard Ellis St Quintin index.The annual total returns for all property on the Richard Ellis St Quintin monthly index rose to 11.6 per cent in October from 11.2 per cent in September.This is the highest level since November last year.Over the same period, annual growth increased to […]

AIB Govett waives initial charge in sales bid

AIB Govett is waiving the one per cent initial charge on its investment trust saving scheme.The offer is available to all new investments made before December 31. The half per cent Stamp Duty payable on share transactions will remain in place.The scheme offers trusts such as Asian Recovery and Enhanced Income, which require a minimum […]


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