ISAs

The number of UK people who save every month has reached a two year high, according to a survey from NS&I.

Keydata owes HMRC £12m in unpaid tax, which is more than double previous estimates, according to the FSA.

Cautious Managed was the top-selling sector for ISA investors using FundsNetwork in May, reflecting ongoing market uncertainty.

HMRC today declared kick-out structured products do qualify for ISA investment in a u-turn on existing policy.

The HMRC has reversed its decision to force advisers to contact it about kick-out structured products held in ISAs until it completes a review on the issue.

Meteor Asset Management has dropped the ISA option from its new kick-out product over uncertainty about its eligibility.

Advisers and product providers have hit out at HMRC's move to challenge the ISAbility of certain kick-out plans.

The gap between fixed interest and equity fund sales narrowed in the final rush of the ISA season, says Skandia, in a sign investor confidence is growing.

There may be four days until the end of the tax year, but varying investment company deadlines and the Easter break mean advisers must be on their toes.

Advisers are shunning plain vanilla equity funds investing in the developed world this ISA season, in favour of emerging market, absolute return and cautious managed strategies.