HSBC to package Isas

Series of packaged Isas to be created from group's existing range of unit trusts

HSBC Asset Management is to consult intermediaries over the creation of a number of packaged Isa products to be launched onto the market towards the end of the summer. The packaged Isas will be created from HSBC Asset Management's range of unit trusts which includes funds such as Tim Russell's AA-rated Growth & Income Fund and its range of tracker funds. Mike Smith, head of professional advisor services at HSBC, who joined in February this year from Colonial First State, said that the packaged Isas had become possible due to the updating of internal administration systems. Until now, th...