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FundsNetwork forecasts record year for Isa sales

FundsNetwork predicts that 2007 will be a record year for Isas and forecasts a 30 per cent increase in Isa sales through the platform.

The company says the Government’s confirmation of its long-term commitment to the savings vehicle and the announcement of new switching freedoms has boosted interest in Isas.

Head of FundsNetwork David Dalton-Brown says advisers are stepping up their Isa activity significantly.

He says: “With the renewed confidence in the future of Isas and assuming that stockmarket conditions remain relatively stable, we are confident that investors will have been positively encouraged to take better advantage of the tax benefits that Isas clearly offer, alongside other key tax wrappers such as Sipps and investment bonds.”

Baronworth director Colin Jackson says: “There will be an increase in sales this year, mainly due to the fact that the figures for the last few years have not been too exciting. Increased confidence in the market and the introduction of some interesting structured products will stir up demand.”

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FundsNetwork predicts record Isa season

Fidelity FundsNetwork has predicted a record Isa season in 2007 following the Government’s commitment to the vehicle and announcement on new switching rules.The firm predicts Isa sales through its platform are likely to be more than 30 per cent higher than 2006.Head of FundsNetwork David Dalton-Brown says: “With the renewed confidence in the future of […]

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