Tag: Individual Savings Accounts

ISA savings rise while pension contributions fall

ISA savings rise while pension contributions fall

While Individual Savings Accounts (ISAs) are growing in popularity, pension contributions continue to decline, prompting the Institute of Directors (IoD)to call for the government to take action on savings. According to data compiled by the IoD in association with Lucida, the amount paid into ISAs increased from £35.7 billion in 2007, to £43.9 billion in [...]

April 23, 2012 | 0 Comments More
Cash ISA transfers to speed up

Cash ISA transfers to speed up

Following an investigation into Individual Savings Accounts (ISAs), savers with a cash ISA should find it quicker to switch their money to a different provider. The 90-day investigation, conducted by the Office of Fair Trading (OFT), came after Consumer Focus warned that cash ISAs are depriving savers of £3 billion in interest each year. The [...]

Consumer group calls for investigation into ISAs

Consumer group calls for investigation into ISAs

Consumer Focus has warned that cash ISAs are depriving savers of £3 billion in interest each year. The consumer group has made a complaint to the Office of Fair Trading (OFT) and is calling for an investigation into Individual Savings Accounts (ISAs). ISAs, which were launched a decade ago by then Chancellor, Gordon Brown, and [...]

ISAs continue to grow in popularity

ISAs continue to grow in popularity

Research by the Halifax has revealed the growing popularity of Individual Savings Accounts (ISAs). The Halifax, which is now part of the Lloyds Banking Group, said the number of accounts opened in the nine years to March 2009 surged by 53%. At the start of the millennium, there were 9,000 subscribed ISA accounts, but this [...]