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HSBC mulls launch of further 'front-loaded' Isas
HSBC is considering launching further UK retail targeted 'front-loaded' Isas, which allow savers to get a competitive return on their funds whilst helping charities.
It aims to provide a return of 16.2 per cent, with the original capital repaid in full at the end of the five year and one month term. The Isa is available until 24 April.
The seven governments already on board include the UK, France, Italy, Spain, Sweden, Norway and Republic of South Africa, which have pledged a total of $5.3bn over a period of 20 years from 2006 to 2026.
The UK government is the largest donor, having pledged £1.38bn to the IFFIm until 2026. France has pledged €1.23m, however, the US is yet to pledge funds.
