Investors have been flocking to stocks & shares ISAs as they seek higher returns on their savings, the latest Investment Management Association (IMA) statistics suggest.
The monthly investment fund statistics, published yesterday show that 1st March -5th April 2011 was the best ISA season for 9 years, with net sales of £956million across a range of investment funds.
The news follows the latest decision by the Bank of England to keep interest rates at 0.50 per cent, leading to economists re-forecasting their predictions of a rate rise. Many now believe that the UK may not raise interest rates until later in the year, if not early 2012.
Commenting on the figures, Alan Easter, director of discount broker Willis Owen said: "Despite the squeeze on finances, more and more people are attracted by the tax-free wrapper that investment ISAs offer, and the potential growth, rather than leaving their savings sitting idly in a low interest bank account."
Are you looking for potentially higher returns?
At Fair Investment Company we provide access to a whole host of savings and investment opportunities, ranging from fixed rate Cash ISAs and fixed rate bonds, to a selection of investment funds with annual and initial discounts. We also provide access to a range of structured investments that can be used within an ISA wrapper, and can offer an interesting alternative to more traditional investment funds.
The economy remains fragile, and continued speculation over interest rates means that you may not know which way to turn. We provide access to a complete range of solutions, to help you to make the most of your money, whether you want a cash savings account or access to emerging market economies at a discounted price.
See below for a selection of some of the structured investments that we offer.