Advisers develop DIY triple Isa combination

isas

packaged products on wane as advisers combine four to six funds within same isa wrapper

Intermediaries are manufacturing their own version of the old triple Isa combination as part of a marketing and asset allocation service for clients but have moved away from groups offering similar strategies. On average advisers are combining between four to six different funds within the same Isa wrapper, preferring to use the skills of various investment houses to build client portfolios rather than selecting single funds from one provider. Packaged products, pioneered by Fidelity International in the 1990s with the introduction of the triple Isa, are on the decline following the intr...