ISAs

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.

The Chancellor has responded to industry calls to raise future ISA allowances in line with inflation.

Advisers should be able to take into consideration investment type as well as their clients' tax circumstances when giving ISA advice, says Fidelity.

Fidelity FundsNetwork and Cofunds are joining forces to offer last-minute collection points for advisers across the UK to submit ISA and SIPP applications.

Changes to the ISA allowance will cause a surge in business levels for the next tax year, with investments into equity funds set to soar.

FundsNetwork has linked up with OBSR to create a shortlist of 16 funds for the ISA season.