May 23, 2013

One third of savers do not know what ISA stands for

questions

Research from Nationwide Building Society has found that 66% of ISA savers feel the cash ISA limit should be brought into line with the Stocks and Shares ISA limit. The respective research also threw out a number of interesting statistics such as 30% find ISA rules confusing and 32% do not know what ISA stands [...]

Jockey Club Racecourse Bond deadline extended due to demand

JockeyClub

The Jockey Club Racecourse Bond deadline has been extended due to strong interest from investors. The bond initially aimed to raise £15m and did so through 1,500 investors, with 35 investing the maximum of £100,00. Capita Registrars confirmed that the bond hit its target one day ahead of its deadline, and therefore the Jockey Club [...]

62 percent of Cash ISA savers have never transferred

Pounds

New research has revealed that 62 percent of Cash ISA savers have never transferred their ISA to another provider, with just 13 percent of savers aware of the new ISA limit from April 6th 2013. The research from first direct also revealed an alarming lack of knowledge on how ISAs work and their benefits. Andy [...]

Savers shun ISAs in favour of standard savings accounts

20pound

New research from Lloyds TSB indicates that savers are failing to use the benefits of an ISA for their savings, and instead are opting to place savings into standard accounts as their first point of call. The research shows that just 18% of those surveyed would use an ISA if they £100 had to save, [...]

Cash ISA transfer advice: Banks giving false information

HSBCk

A number of the UK’s biggest banks are giving the wrong cash ISA transfer advice to savers. A survey conducted by Which? revealed that big banks such as Barclays, HSBC and RBS are failing to give correct answers to three key questions: How do I transfer my Cash ISA? Are there any rules about how [...]

ISA savers risk losing half a billion pounds by not switching

Pounds

ISA savers risk losing half a billion pounds collectively this year by not switching their ISA to an improved deal as soon as the bonus rate expires on an existing account. Kevin Mountford, head of banking at MoneySupermarket said: “If you have funds in an existing ISA and have held this for more than 12 [...]

Cash ISA limit should match Stocks & Shares Limit – Nationwide

NationW

Nationwide Building Society has renewed its call for the Government to bring the Cash ISA limit in line with the Stocks & Shares ISA limit. Under current rules, £11,280 can be invested into a Socks & Shares ISA, but just £5,640 can be put into a Cash ISA per year. Richard Marriott, Head of Savings [...]

Government should do more for Junior ISAs – Alliance Trust

Pounds

The Government should do make to encourage take up of Junior ISAs, according to Alliance Trust’s Head of Platform, Gary Mcluckie. As research from the company revealed that nearly one third of Junior ISA holders are aged one or under (29%), Mcluckie urged the Government to revisit rules specifically regarding the rules of Child Trust [...]

Cash ISA limit should be doubled says Nationwide boss

NationW

The Cash ISA limit should be doubled to £11,280, up from the current yearly allowance of £5,640, the boss of Nationwide has called for. Nationwide’s Graham Beale called the increase in limit of a Cash ISA as a ‘no brainer’ ahead of the forthcoming Autumn statement. Speaking to the Daily Mirror, Beale claimed that the [...]

Britons would prefer to bank with Asda than HSBC or Lloyds

asda24hours

The people of Britain would prefer to bank at places such as Asda and John Lewis (if current accounts were available) rather than dedicated banks such as HSBC and Lloyds. Results of a poll (based on 1300 people) from USwitch, shown that John Lewis topped well-known brands that people would like to bank with, followed [...]