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HMRC confirms investors using ISA in record numbers

HMRC's recent publication of ISA statistics confirmed that record number of investors are putting their savings into the Government's flagship savings scheme-the ISA.

Saga launches 6.71% fixed rate bond

Saga Personal Finance is offering a new saving product with the launch of a new One Year Fixed Rate Bond. The bond offers 6.71% Gross/AER, making it one of the top UK based bonds on the best buy charts. This new product further widens the portfolio of savings products available through Saga.

Blue-chip bias will remain until UK consumers stop spending

Resolution Asset Management's UK Focus fund manager Ralph Brook-Fox says he will maintain a predominantly blue-chip bias until British consumers acknowledge the extent of the credit crisis and tighten their belts.

Many managed funds are not adequately diversified claims HSBC

Many top selling IMA Cautious Managed and Balanced Managed funds do not adequately describe their true risk profiles and their names may be misleading to investors, HSBC Investments warns.

Bonds and commodities favoured asset classes during stagflation

Trevor Greetham, manager of the £39 million Fidelity Multi-Asset Strategic Fund, remains overweight in commodities, bonds and cash amid the continued uncertainty on world markets.

One week left to get 10% on your ISA

Alliance & Leicester’s Premier ISA Issue 2 paying 10% pa gross/AER, available to new customers opening an Alliance & Leicester Premier current account, will only be available for one more week – the offer ends Sunday 20 April 2008.

Brits with regrets plan a better financial future

One in four people (25%) say they have regrets about how they have managed their savings in the last tax year according to new research from Selftrade, the online execution only broker.

Birmingham Midshires launches two new fixed rate bonds

Birmingham Midshires, a leading direct savings provider in the UK, has announced the launch of a Direct One-Year Fixed Rate Bond and a Direct Six-Month Fixed Rate Bond, both of which promise to beat the corresponding ING products by at least 0.25% AER.

M&S Money reduce rate on Cash ISA

Following the Bank of England Base Rate change, the M&S variable Cash ISA rate has changed from 5.25% to 5.00% AER/tax-free with effect from today, Friday 11th April 2008.

NS&I Direct ISA interest rate lowers to 5.30%

The interest rate paid on NS&I's Direct ISA will decrease from 5.55% per annum to 5.30% following today's decrease in the Bank of England base rate by 0.25%.

JPMAM global strategist, Tom Elliott asks - What's driving Europe?

On the face of it, the predicaments for the European Central Bank (ECB) and Bank of England (BoE) look similar: both have to keep a careful watch on rising inflation, while at the same time the underlying economies are slowing.

iShares JPMorgan $ Emerging Market Bond fund breaks $200m

iShares, the Exchange Traded Fund (ETF) arm of Barclays Global Investors and Europe's largest provider of ETFs, has announced the iShares JPMorgan $ Emerging Market Bond fund has raised over $200 million in assets since its launch in February this year, reflecting the continued demand from investors for emerging market exposure.

Mortgage bailout plan is positive for US economy

US sub-adviser Marsico Capital Management has welcomed Congressional plans to throw a mortgage lifeline to distressed borrowers, a move intended to help stabilise the beleaguered US housing market, says Cory Gilchrist, manager of Gartmore's US Opportunities Fund and the Gartmore SICAV US Opportunities Fund.

Gartmore uncovers more opportunities in mining

Gartmore continues to hold a significantly overweight exposure to the mining sector (relative to its benchmark) in its UK Growth and UK Focus Funds, with Kazakhmys, Rio Tinto, Vedanta Resources and Xstrata among the UK investment team's most favoured stocks.

China faces balancing act

As the global spotlight focuses on China's human rights record, the crackdown in Tibet, high inflation and increasing social unrest, Mike Hanbury-Williams, manager of the F&C Pacific Growth and F&C Asia Dynamic funds, believes that the long-term growth story remains intact despite short term challenges in controlling food prices.