MORE than £110bn could flow into investment funds and stock markets following Government plans to relax rules over switching money from cash to equity ISAs.
KNIGHT Frank is to launch a C share issue on the Rutley European Property company in a bid to raise up to £200m.
INVESTMENT company ISA purchases plummeted 60pc from £27.57m in the second quarter of this year to approximately £11m in the third quarter, according to the Association of Investment Companies (AIC).
FUND supermarkets and platforms have welcomed the Government's plan to merge PEPs into the ISA wrapper despite the challenge it presents to updating their administrative systems.
THE Treasury's new ISA reform package has been broadly welcomed by the investment management industry, although many are still calling for the ISA allowance to be raised at the next Budget.
THE IMA has reported the "best September on record" for net retail sales, which soared to £1.5bn compared to £809m in the same month last year.
FIDELITY International is considering developing a system which would enable investors to draw an income from PEPs and ISAs in a bid to capitalise on the post-retirement market.
Isa sales vastly improved in April compared with the previous month to rise by almost a third, but total funds under management are struggling to hold their ground as a result of lower institutional sales.
Billions of pounds worth of Tessa money is set to mature this year as the popular tax-free savings p...
fidelity's options includes 15 UK drop-off points, telephone and online applications