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The Isa season springs back

The Isa season may be over but it was not, as many predicted, dead. Early indications from some of the leading providers show that sales have rocketed since last year&#39s disaster, providing a much-needed fillip to what was increasingly being viewed as an irrelevance to most firms&#39 businesses.

It is far too early, however, to suggest that this is anything more than a brief resuscitation. Doubling or tripling sales is no mean feat but, when those sales barely registered on most product providers&#39 balance sheets, there is little point in getting carried away.

Only when the IMA publishes its overall sales figures in the coming weeks will we really see how much sentiment has returned among the crucial occasional investors.

But there is little doubt that the initial signs provide grounds for optimism, at least for those who believe that the Isa season has a purpose. Its critics – rightly – point out that providers should do more to encourage year-round investing, a duty that many have been all too happy to shirk.

This undoubtedly needs to be addressed but will the death of the Isa season – an eventuality that would require a good many people to stop investing – be the outcome? Money Marketing thinks not.

In its short history, the Isa season has done much to capture the imagination of a public never famed for its propensity to save, raising awareness where previously there was none.

The Government, of course, is doing its best to erode all the tax advantages of Isas. But until we get to the nirvana of a well-educated year-round investing public, Money Marketing hopes that the Isa season, for all its faults, continues for a few more years. Investing late is better than not investing at all.


Bupa – Bupa Dental Plan

Type: Group healthcare cash plan for dental cover Minimum premium: Dependent on group size and age of employees Minimum group size: Three Minimum-maximum ages: 18-no maximum Cover provided: Up to two examinations a year, up to two scale & polish treatments a year, x-rays, fillings & root canal treatment, extractions, crowns, bridges & dentures Maximum […]

Recruiting campaign

Standard Life is believed to be considering replacing finance director John Hylands as it moves to position itself for demutualisation. It refuses to comment on the claim but reports suggest that while a decision has not been made to rep-lace Hylands, feelers have been put out to see whether replacements are available. Standard has confirmed […]

Close Bros release deal for estate planning

Close Brothers is to set up a wealth management equity-release product with Isle of Man Assurance. The product is designed to help people to manage their estates for tax purposes and is described by a source as an equity-release/estate management product. It is being launched with the backing of Equity Release Services, which has designed […]

Mortgages plc gets set for move on prime market

Sub-prime lender Mortgages plc is looking to move into the market for prime mortgages in the latter half of the year. The company currently does some near-prime lending through the Mutual Collective, a collection of building societies which buy new asset classes from Mortgages plc on pre-agreed terms. It also offers buy-to-let and right-to-buy products […]


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