Financial Services Industry
Industry: Email Alert RSS FeedF'Network offers its clients tax-year haven for Isa plans.
Financial Adviser, February, 2008
Fidelity FundsNetwork is planning to launch a special safehold for Isa investors wishing to defer investing in the market but wanting to retain the year's tax advantages on their Isas.
Fidelity FundsNetwork will launch its first Cash Park for Isa investors in mid-March, which allows Isa investors to store up the AGBP7000 equity Isa allowance while collecting interest and avoiding losing the tax breaks.
The Cash Park pays interest monthly at a gross annual rate 0.4 of a percentage point lower than the Bank of England base rate and money will be held by the Royal Bank of Scotland on behalf of FundsNetwork.
David Dalton-Brown, head of Fidelity FundsNetwork, said: "Isa investors who are nervous about the stock market after January's turbulence...
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