|By Marketwired .||
|June 27, 2014 02:00 AM EDT||
LONDON, UNITED KINGDOM -- (Marketwired) -- 06/27/14 -- Nationwide is urging customers to make the most of higher annual ISA allowances after having successfully campaigned to raise and equalise the limits for cash and stocks & shares options.
The Society's Chief Executive, Graham Beale, today called on ISA customers to capitalise on the rules, as from 1 July anyone with a cash ISA will be able to nearly treble their annual contributions from GBP 5,940 to a new higher limit of GBP 15,000. It will be the first time they will be able to match those investing in stocks & shares ISAs, which currently benefit from the full annual ISA allowance.
Nationwide Chief Executive, Graham Beale, said: "The ISA changes are a true victory for savers - for the first time cash and stocks & shares ISAs will be equal. We were naturally delighted that the Chancellor has brought in these positive changes and now it is a great opportunity for customers to make the most of the new higher limits and flexibility. It's worth remembering that every pound invested into an ISA is a pound that is tax-efficient. It is a case of using the new allowance or missing out on the benefits it will bring."
The changes, which see the total ISA limit raised from GBP 11,880 to GBP 15,000, will give savers greater choice and flexibility on how they choose to use their ISA, enabling them to either invest the full allowance in either cash or stocks & shares, or choose exactly how they want to split their investments between the two options.
Customers with money already invested in stocks & shares ISAs will for the first time be able to transfer all or part of their investment to a cash ISA as part of the shake-up. This will benefit those savers who want the security of a cash savings account but who would have previously been penalised by losing their tax-efficient shelter. Nationwide ISA products that will accept transfers from either cash or stocks and shares ISAs include the market-leading Instant ISA saver - with an interest rate of 1.5% - and Fixed Rate ISAs of up to five years, offering interest rates ranging from 1.5% (1 year) to 2.5% (5 years).
In addition to the new changes, the 2014/2015 limit for savings in a child Junior ISA will also increase on 1 July - from GBP 3,840 to GBP 4,000.
Nationwide is the only main high street financial services provider that will allow customers to open multiple cash ISA products as part of their saver wrapper - meaning that its customers can take advantage of different interest rates and maturity periods.
Notes to Editors:
The new ISA rules will bring about a number of changes:
ISA rule changes:
-- From 1 July 2014, the annual tax-free allowance for adults increases from GBP 11,880 to a maximum of GBP 15,000 and can be split between cash and Stocks & Shares ISAs in any way -- The amount able to be put into a cash ISA will for the first time match that of Stocks & Shares ISAs (rising from GBP 5,490 to GBP 15,000) -- The 2014/2015 limit for savings in a child Junior cash ISA is also increasing from GBP 3,840 to GBP 4,000 on 1 July
Nationwide Cash ISAs:
-- All variable ISAs, and Fixed Rate ISAs opened post 1 July will accept new subscriptions (up to GBP 15,000 a year) and transfers from Stocks & Shares ISAs (subject to terms and conditions) -- Savers who opened or reinvested and subscribed to a Fixed Rate ISA between 6 April and 30 June 2014 will be able to top-up their Fixed Rate ISA with new subscriptions in July 2014. Nationwide customers can utilise the rest of their allowance in a separate ISA product, as part of their ISA wrapper, at any time in the year
Nationwide ISA products include:
- Cash: Champion ISA, Fixed Rate ISAs of 1-5 years, the Flexclusive ISA (for eligible customers), Instant ISA Saver, Save to Buy ISA, Regular Saver ISA and for children under 18; the Smart Junior ISA. More information can be found here
- Stocks & Shares: Nationwide offers a variety of investment options and a carefully selected range of funds, which are provided through Legal & General. For advice about stocks & shares ISAs, please talk to a Nationwide Financial Planning Manager. Alternatively savers can invest in a Stocks & Shares ISA online via www.nationwide.co.uk - giving savers even more choice and flexibility on how they save
About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the UK's largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.
Customers can manage their finances in a branch, on the telephone, internet and post. The Society has around 17,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.
Find recent press releases and photos at the Nationwide Media Centre: www.nationwide.co.uk/mediacentre
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Oct. 6, 2015 11:15 PM EDT Reads: 351
Recently announced Azure Data Lake addresses the big data 3V challenges; volume, velocity and variety. It is one more storage feature in addition to blobs and SQL Azure database. Azure Data Lake (should have been Azure Data Ocean IMHO) is really omnipotent. Just look at the key capabilities of Azure Data Lake:
Oct. 6, 2015 10:00 PM EDT Reads: 235
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
Oct. 6, 2015 10:00 PM EDT Reads: 647
In his session at @ThingsExpo, Tony Shan, Chief Architect at CTS, will explore the synergy of Big Data and IoT. First he will take a closer look at the Internet of Things and Big Data individually, in terms of what, which, why, where, when, who, how and how much. Then he will explore the relationship between IoT and Big Data. Specifically, he will drill down to how the 4Vs aspects intersect with IoT: Volume, Variety, Velocity and Value. In turn, Tony will analyze how the key components of IoT ...
Oct. 6, 2015 08:00 PM EDT Reads: 311
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT’s direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...
Oct. 6, 2015 05:00 PM EDT Reads: 254
SYS-CON Events announced today that Cloud Raxak has been named “Media & Session Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Raxak Protect automates security compliance across private and public clouds. Using the SaaS tool or managed service, developers can deploy cloud apps quickly, cost-effectively, and without error.
Oct. 6, 2015 04:40 PM EDT Reads: 101
As-a-service models offer huge opportunities, but also complicate security. It may seem that the easiest way to migrate to a new architectural model is to let others, experts in their field, do the work. This has given rise to many as-a-service models throughout the industry and across the entire technology stack, from software to infrastructure. While this has unlocked huge opportunities to accelerate the deployment of new capabilities or increase economic efficiencies within an organization, i...
Oct. 6, 2015 03:00 PM EDT Reads: 120
“All our customers are looking at the cloud ecosystem as an important part of their overall product strategy. Some see it evolve as a multi-cloud / hybrid cloud strategy, while others are embracing all forms of cloud offerings like PaaS, IaaS and SaaS in their solutions,” noted Suhas Joshi, Vice President – Technology, at Harbinger Group, in this exclusive Q&A with Cloud Expo Conference Chair Roger Strukhoff.
Oct. 6, 2015 02:45 PM EDT Reads: 370
Scott Guthrie's keynote presentation "Journey to the intelligent cloud" is a must view video. This is from AzureCon 2015, September 29, 2015 I have reproduced some screen shots in case you are unable to view this long video for one reason or another. One of the highlights is 3 datacenters coming on line in India.
Oct. 6, 2015 02:00 PM EDT Reads: 228
“The Internet of Things transforms the way organizations leverage machine data and gain insights from it,” noted Splunk’s CTO Snehal Antani, as Splunk announced accelerated momentum in Industrial Data and the IoT. The trend is driven by Splunk’s continued investment in its products and partner ecosystem as well as the creativity of customers and the flexibility to deploy Splunk IoT solutions as software, cloud services or in a hybrid environment. Customers are using Splunk® solutions to collect ...
Oct. 6, 2015 01:00 PM EDT Reads: 580
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
Oct. 6, 2015 01:00 PM EDT Reads: 739
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Oct. 6, 2015 12:45 PM EDT Reads: 458
Clearly the way forward is to move to cloud be it bare metal, VMs or containers. One aspect of the current public clouds that is slowing this cloud migration is cloud lock-in. Every cloud vendor is trying to make it very difficult to move out once a customer has chosen their cloud. In his session at 17th Cloud Expo, Naveen Nimmu, CEO of Clouber, Inc., will advocate that making the inter-cloud migration as simple as changing airlines would help the entire industry to quickly adopt the cloud wit...
Oct. 6, 2015 12:30 PM EDT Reads: 585
As the world moves towards more DevOps and microservices, application deployment to the cloud ought to become a lot simpler. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. In his session at 17th Cloud Expo, Raghavan "Rags" Srinivas, an Architect/Developer Evangeli...
Oct. 6, 2015 12:15 PM EDT Reads: 111
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Oct. 6, 2015 12:00 PM EDT Reads: 412