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Volatility brings big rise in regular Isa savings

Legal & General is seeing a sharp rise in the number of regular Isa savers as investors spurn lump-sum investments due to stockmarket volatility

The life office says there has been a 96 per cent rise in regular Isa business in the first quarter of this year as investors continue to be concerned about when is the right time to invest in the stockmarket. It believes that many have turned to regular savings with the aim of reaping the benefits of pound-cost averaging.

L&G says regular saving into an Isa plan has the added benefit of getting investors into the discipline of making monthly savings.

Retail investments marketing director Claire Stacey says: “There is an increasing number of people choosing to invest in an Isa by saving regularly throughout the year. While many investors see recent market setbacks as a buying opportunity, there are a significant number who are uncertain about taking the risk and see regular saving as an excellent way to save.”


Equitable Life accuses IFAs of urging policyholders to quit

Equitable Life has attacked IFAs and the media for adding to its woes by encouraging policyholders to leave the troubled life office in droves.Speaking at Equitable&#39s annual general meeting in London this week, chief finance and investment officer Charles Bellringer said the interests of financial advisers do not tally with those of the society. He […]

World Cup win &#39could put boot in to economy&#39

Success for England in the World Cup would be unlikely to stimulate the UK economy, according to Halifax.Although the economy tends to be more buoyant when England reach the quarter-finals, it is often fairly weak if the team progresses to the last four, its survey found.Halifax says the news will come as a blow to […]

Open battle with Woolwich over mailings to IFA clients

The Woolwich has been criticised for trying to poach Open Plan mortgage clients for its own IFA who were introduced to it by IFAs.Advisers claim that the bank&#39s IFA arm Woolwich Independent Financial Advisory Service has been mailing their clients within months of them completing their loans, with a flyer saying: “Independent Finance Advice you&#39ll […]

University challenge for FSA&#39s head of training

FSA head of industry training and business ethics adviser David Jackman has been appointed visiting professor at London Guildhall University&#39s centre for financial regulation studies.Jackman, the architect of the training and competence regime that came in last November, will give lectures and advise on the content of financial services training courses. He will also be […]


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