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Volatility brings big rise in regular Isa savings

Legal & General is seeing a sharp rise in the number of regular Isa savers as investors spurn lump-sum investments due to stockmarket volatility

The life office says there has been a 96 per cent rise in regular Isa business in the first quarter of this year as investors continue to be concerned about when is the right time to invest in the stockmarket. It believes that many have turned to regular savings with the aim of reaping the benefits of pound-cost averaging.

L&G says regular saving into an Isa plan has the added benefit of getting investors into the discipline of making monthly savings.

Retail investments marketing director Claire Stacey says: “There is an increasing number of people choosing to invest in an Isa by saving regularly throughout the year. While many investors see recent market setbacks as a buying opportunity, there are a significant number who are uncertain about taking the risk and see regular saving as an excellent way to save.”

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