Closed-ended structured products offering 100% capital protection will now have to offer terms of mo...
Closed-ended structured products offering 100% capital protection will now have to offer terms of more than five years to remain eligible for the maxi Isa component. In its latest update of Isa regulations, the Inland Revenue said it plans to extend the rules used to determine a collective scheme's maxi Isa eligibility to the other possible investments, including direct stocks and shares, life insurance and stakeholder offerings. The Inland Revenue is consulting on the fine details of this and intends to publish draft regulations in the summer. It is unclear when such rules will come int...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
