View more on these topics

Nearly 30% of UK adults don’t understand stocks and shares Isas

A survey by Barclays has discovered that 29 per cent of UK adults have no understanding of how a stocks and ISA works.

The results also show that just 6 per cent of 18-24 year olds actually have a stocks and shares ISA, despite 26 per cent of respondents claiming they would consider setting one up if they could do it online.

Barclays Insurance and Investments managing director Paul McNamara says: “An ISA provides a tax-efficient wrapper to make a stocks and shares portfolio work hard.

“A significant proportion of UK adults remain uncertain of the benefits to be gained from opening an ISA and we would encourage them to consider the options available to meet their needs and, where appropriate, to make the most of this year’s tax allowance before the deadline hits.”

Recommended

Axa Wealth to launch restricted advice model

Axa Wealth is to launch a restricted advice model in the next three months to run alongside its existing independent advice model. The company says if advisers have not already done so they need to make a decision about the type of service they are going to offer their clients as soon as possible. It […]

8

1.6m homes on interest-only deals with no repayment vehicle

One in seven UK households are sitting on an interest-only mortgage with no repayment vehicle, new research shows. Unbiased.com data shows 1.6m properties are simply paying off the interest each month and not repaying capital or saving anything towards paying off their mortgage debt in the future. Karen Barrett, chief executive at unbiased.co.uk, says: “With […]

1

Phoenix chairman Ron Sandler set to retire

Phoenix Group chairman Ron Sandler is leaving the closed life assurance fund company later this year after announcing plans to retire. Sandler, who has been chairman of Phoenix since September 2009, will step down from the FTSE 250 company once a replacement has been found and a subsequent handover period. Phoenix Group has lost a […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment