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57% of investors put their money into Isas

Fifty-seven per cent of investors took out an Isa in the last tax year, the highest number since the tax wrapper&#39s introduction in 1999, compared with 52 per cent in 2002, according to the IMA.

The most common Isa investment remains the mini Isa.

Although the cash component is still favoured by respondents, the stocks and shares option recorded 36 per cent compared with 28 per cent in 2002. The IMA says this could be seen as a good indication that investors&#39 confidence in the economy is rising.

The number of investors saying they invested via a life insurance component rose from 3 per cent to 11 per cent.

Basic-rate taxpayers represented the majority of Isa investors, with 55 per cent of the total.

IMA communications officer Helen Stephenson says: “The increasing popularity of Isas among basic-rate taxpayers this year is proof of what a well designed, simple accessible product can achieve.

“The IMA will continue to lobby the Government for the creation of a single regulatory framework for pensions, Isas and the child trust fund in order to streamline a somewhat disjointed long-term savings policy.”


Demand for BTL staying strong

Mortgage Express has rel-eased its latest buy-to-let confidence report which indicates that demand remains strong and void periods – periods without tenants – continue to be low. The report shows that 45 per cent of respondents believe rental dem-and is increasing and 40 per cent say it will remain the same. Further evidence to suggest […]

The Exchange signs up to Unipass

The Exchange has signed up to standards body Origo&#39s digital certificate system Unipass. This will give the 20,000 Exchange users the option to use the Unipass certificates or stick with the Exchange&#39s own log-on process to access provider information.

IFA edge: Garry Heath

The demise of the small IFA has been trumpeted each year since regulation was envisaged. Those doing the predicting have mostly involved themselves in a mixture of pessimism and wishful thinking. Regulators and product providers instinctively prefer the idea of a market with a smaller number of bigger traders, which they believe would be easier […]

Origen of the species

Most of the Aegon IFAs become one operation under the brand name Origen. Aegon&#39s distribution strategy can no longer be faulted for having too many chiefs – although the profitable and part-owned Positive Solutions, a national franchise outfit, remains separate. Origen has a man from the insurer as its chairman, Peter Dornan, and one of […]

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]


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