Skandia introduces deferred cash option on Isa

Professional Adviser
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Investors who are still nervous of entering the stockmarket in the current economic climate now have...

Investors who are still nervous of entering the stockmarket in the current economic climate now have another solution which allows them to claim this year's Isa allocation but phase payments over the year. Through its MultIsa, Skandia now allows investors to hold this year's £7,000 Isa allowance in cash and delay their investment decision until markets have settled, over a three, six, or twelve month period. Angus Duncan, Head of Investment Sales at Skandia, says: "IFAs are finding that some investors are apprehensive about investing the full £7,000 while markets remain unpredictabl...

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