Groups finalise collection strategies for 5 April Isas

Despite the lack of enthusiasm among investors for Isas following three years of equity losses, product providers are taking steps to capture any last-minute purchases in the run-up to the end of the tax year. M&G, Invesco Perpetual and L&G will all accept applications for processing in the 2002/03 financial year on 5 April, a Saturday. L&G is accepting hand-delivered and telephone applications up to midnight on 5 April, with investors able to pay by debit card. The group will take faxed lump sum Isa applications up to 10pm, with customers needing to include their debit card details, w...