ISAs

ISA sales for February were 40% down on the same month in 2006 according to the Investment Management Association, highlighting the struggles of the UK's flagship investment vehicle in 2007.

THE majority of IFAs are not anticipating a last minute ISA rush this year, according to research from Resolution Asset Management (RAM).

THE £7000 equity ISA limit has been raised by a mere £200 by the Chancellor, prompting widespread criticism from the financial services industry.

A TRUSTNET poll found investors were split on the use of their ISA allowance this year.

Specialist funds were the most popular form of retail investment in 2006, as the dominance of property funds accounted for almost a quarter of the Oeic market.

T. BAILEY is calling for the Chancellor of the Exchequer to lift the ISA limits to at least £9,300.

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.