Providers must offer flexible IFAs or rivalswill dominate
Article Abstract:
Individual savings account (ISA) suppliers will have to provide customers with adaptable, value for money products or risk being outfought by new entrants, according to Marlborough Stirling. The UK-based provider of pension administration and system solutions believes that providers restricting ISA products to purely the stocks and shares aspect will lose out to those which offer this component and investment and insurance products. Marlborough's Chris Ryland believes that ISAs providing just stocks and shares will be restricted to providing a low price, basic product. Marlborough Stirling feels that customers would be right to opt for flexible ISA managers as their products will encompass insurance, investments and cash.
Comment:
UK: Individual savings account suppliers must provide adaptable, value for money prods or risk being outcompeted by new entrants
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 1998
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Low-income groups largely unaware of ISAs, says survey
Article Abstract:
It is unlikely that large numbers of low-paid people will take out of the new individual saving accounts (ISAs) when they become available in 1999, according to a report by NOP Financial, eventhough their main purpose is to encourage saving among the less well off. Although Isas are tax free many will be reluctant to save because they can't afford it. NOP found in a survey of consumers that ISAs were only known about by 40% and that most of these where well paid people in the AB social categories. Around 37% of people in the DE categories and 53% in the C2 category felt that ISAs were geared towards them.
Comment:
UK: Large numbers of low-paid people unlikely to avail of individual savings account when they become available in 1999
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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