Moneyspider in the News

Big funds are not always the safest

The Sun 

The ISA is here to stay. So how do you make sure you get the best returns from yours? By monitoring your funds performance and comparing it with the other 2,000 on the market. 

The announcement by the Government last year that ISAs will be "a permanent feature of the savings landscape" will, with luck, be the last time the government tinkers with the ISA rules. Personal Equity Plans will very sensibly be brought within the ISA wrapper. 
 
The introduction of ISAs was certainly not justifiable on the grounds of simplicity - what with maxi, mini, cash and insurance-linked accounts, all with several different limits. 
 
The really positive news about the government's announcement is that by extending the ISA deadline beyond 2010, investors will be given the long-term confidence to save and the fact that ISA income need not be declared on your tax return is also one less administrative hassle to contend with.

 
So where should you put this year's ISA allowance? With so many funds clamouring for your hard earned money that's a difficult question to answer, but fortunately one which we can help you with. 
 
Through our approved partner for investment research, Moneyspider.com, Mature Times readers who register for free to their web-based service can see at a glance how their own ISAs, PEPs and Unit Trusts are performing and how each fund is rated. They can also view a comparison with the star performers in their relevant sectors. 
 
As Bill Ross, Managing Director of Moneyspider, explains: "As well as taking advantage of the tax-savings opportunities offered by investing in an ISA every year, investors should never lose sight of the need to constantly monitor how their existing funds are performing. There won't be any tax to be saved unless these investments are growing in value." 
 
Unique performing rating 
 
Moneyspider.com enables you to see at a glance how your ISAs, PEPs and Unit Trusts are performing; what they're worth; how they're rated and crucially how they compare with other funds. Something your Fund Manager will never tell you! 
 
Moneyspider.com's sophisticated but easy to understand performance rating system covers 2,000+ Unit Trusts and OEICs (including ISAs and PEPs) available to UK investors. You must already have one or more of these funds to be eligible for the Moneyspider service which will then provide you with a personal online report and valuation, updated daily, showing how each of their funds has performed over 1, 3 and 5 years. Moneyspider.com also provides a comparison with other funds. 
 
Free registration 
 
Moneyspider.com is available to all our readers with access to the internet, registration is free and quick and you will never be asked for any money. Registering will not mean that Moneyspider will move your funds or change your investments in any way.  
 
By knowing how your funds are really performing, you will be able to make informed decisions which could save, or make, you a great deal of money. In particular, you will be able to check how well or badly your existing funds are performing before using your tax free ISA allowance for the 07-08 year, which you must do before 5 April to benefit.  
 
Moneyspider Limited is an appointed representative of Anthony, Bryant and Company (Investment Consultants) Limited which is authorised and regulated by the Financial Services Authority. Warning: past performance is not necessarily a guide to future performance.