Five years ago

What made the news on 25 January 1999

Framlington combined Isa product Framlington had come up with novel twist for the arrival of Isas on 6 April 1999. The group's plan was to combine an Isa with the use of CGT tapering relief. The HiSA was a 10 year investment plan for a single premium investment of £52,000 into the group's Managed Distribution fund. Each year a sum equivalent to annual Isa allowance would be rolled into an Isa wrapper, leaving the rest of the money to gain taper relief. Lazard prepares offshore bond product Lazard Asset Management was preparing a high yield European Corporate Bond fund with a headline yi...