‘BritISA’ and real estate hopes push ‘mid-cap’ FTSE 250 to 2024 high (2024)

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The chancellor's interest in a 'British ISA' lift the FTSE 250 to a year-to-date high on hopes of a boost for neglected domestic stocks. Leave a comment Citywire understands that a client has gone to the Financial Ombudsman Service after arguing whether recent charges Foresight has accrued are in line with consumer duty. JACK GILBERT, NEW MODEL ADVISER Editor’s Picks Investments The chancellor has announced new rules for DC pension schemes to disclose their investment in UK assets but fell short of dictating how much they should allocate. Advice Adviser Arthur Cobill and director William Hofstetter have been banned by the FCA, while their firm Inspirational Financial Management was fined £898,000. Business Rory Jackson joins ValidPath after two years as a business development manager at Tenet. Podcast David Lamb encourages his clients to set aside some money to spend creatively, which led one client to donate to a drone that helped save a monkey gone rogue.

Uk Equities 06 Mar, 2024

The chancellor's interest in a 'British ISA' lift the FTSE 250 to a year-to-date high on hopes of a boost for neglected domestic stocks.

‘BritISA’ and real estate hopes push ‘mid-cap’ FTSE 250 to 2024 high (1)

By Michelle McGagh, Gavin Lumsden

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The FTSE 250 index jumped to a 2024 high after the chancellor’s consultation on a ‘British ISA’ raised hopes of a boost for neglected UK ‘mid-cap’ stocks.

The benchmark, which measures the moves of the 250 shares below the FTSE 100, advanced 1.3%, or 249 points, to19,521, ahead of the blue chip index which extended its gains to 0.6%, or 46 points higher, at7,692.

Real estate companies rallied afterchancellor Jeremy Hunt lowered the amount of capital gains tax on property sales to 24% from 28%.

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Fees 08 Mar, 2024 Story By Caroline Hug

Citywire understands that a client has gone to the Financial Ombudsman Service after arguing whether recent charges Foresight has accrued are in line with consumer duty.

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