Investors head for Cash amid Eurozone fears

Investors head for Cash amid Eurozone fearsNew figures show that investors are favouring Cash and other more secure investments as concern continues to mount of the debt crisis in the Eurozone and fears of another recession. Fidelity Fundsnetwork, the online investment platform, revealed that last month the UK Money Market sector saw the largest inflow of all their investment sectors, with their own Cash fund being the most popular amongst investors. In a clear sign that investors are increasingly nervous about the risk and volatility caused ...

Banks and Building Societies shun the Junior ISA

They were supposed to encourage children and their parents to save but an investigation by the Independent on Sunday has revealed a startling lack of support from the UK’s banks and building societies for the new Junior ISA. The Junior Individual Savings Account (ISA) will be introduced on 1st November and will allow children and parents to save up to £3,600 per year in each ISA. The new Junior ISA will have the same tax advantages as existing ISAs and also be able to hold both Cash and Equity investments. For new savers the Junior ISA is designed to replace Child Trust ...