ISAs

The government will launch a 'Junior Isa' for children next autumn to help fill the gap left by Child Trust Funds (CTF).

ISA allowances for the next financial year could be as high as £10,680 as savers benefit from a Retail Price Index (RPI)-linked increase.

Savings in stocks and shares ISAs were worth £178bn in 2009/10, beating £172bn in cash ISAs, according to ONS figures.

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.