Isa season likely to produce more complex products

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Asset allocation of client Isas is about to get a lot more difficult as the industry gears itself up...

Asset allocation of client Isas is about to get a lot more difficult as the industry gears itself up for the last few months of the tax year. Last year's excuse for an Isa season presented a relatively straightforward choice: an equity or a bond fund. Most went for the latter. While expectations are uncertain about fund flows for this year's Isa season, one thing is certain: the choice of products is likely to become a lot more complex for intermediaries. As previously reported in Investment Week, a queue has been forming at the FSA for fund applications that will allow groups to launch fu...