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Stockmarket fears &#39not affecting Isa sales&#39

Only 18 per cent of people invested in an Isa this year, according to a survey carried out for Royal & Sun Alliance Investments by Mori.



But only 3 per cent said fears about the stockmarket were the main reason why they did not buy an Isa, with 46 per cent not buying because they did not have enough money to invest.

RSA Investments marketing director Keith Luckhoo says: “Most people know they can invest up to £7,000 each tax year, but many fail to realise they can invest in an Isa with RSA Investments for as little as £25 per month.”

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Exchange in Tep deal for IFAs to trade policies

Exchange FS is linking up with the Tep Exchange to provide an online service for IFAs to buy and sell traded endowment policies for their clients.The Tep Exchange creates an online supermarket for buying and selling endowment policies, offering IFAs instant deals.Policy details are held on a central platform so IFAs do not need to […]

Tax bills loom as Perpetual closes offshore funds

Perpetual investors in five of its offshore funds are to be hit with potentially heavy tax bills when the funds are liquidated this summer, provoking IFA anger.The funds, which are being wound up as part of the Invesco/Perpetual merger, have been marketed and principally used by IFAs to defer clients&#39 tax burdens.Unlike onshore funds, which […]

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 […]

&#3921 million adults have less than £500 savings&#39

Savers could put aside another £3.3bn a year without feeling the squeeze, according to research from fund manager M&G.The Great British Savings Survey reveals that 21 million adults have less than £500 in savings.But six out of 10 people admit they could save another £10 a month, which would result in the extra £3.3bn.Despite the […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.

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