UK Money News
14th February 2008
Investment adviser: 'Approach introductory Isa offers cautiously'
A cautious approach is required when considering introductory offers from providers of interest savings accounts (Isas), a senior investment adviser has said.
Adrian Lowcock, senior investment adviser at Bestinvest, urged consumers to be wary of the offers on the grounds that these are often advertised around the time that the product is first unveiled.
Consequently, he continued, it is difficult for potential investors to "have a good idea of its performance".
Mr Lowcock said: "With Isas you get introductory offers when a product launches and the problem with new launches is that you might not know the actual track record of the fund manager and have a good idea of its performance.
"You have to be a bit wary of them, and know what you are getting into. We tend to recommend fund managers that have a proven track record."
Isas were first launched in 1999 and according to figures from the HM Revenue and Customs there was around £208 billion deposited in them as of November last year.
back to February's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
