People are increasingly looking to invest in stocks and shares individual savings accounts (Isas) as interest rates fall, according to a new study.
Research by Fairinvestment.co.uk has found that the number of people looking into investing some of their cash in such vehicles increased by 116 per cent in the first two weeks of last month.
Sharon Bratley, chartered financial planner at the firm, said: "Investors are realising that to get the same level of income or growth from their investments, they need to be prepared to take on a bit more risk."
Falling interest rates on cash Isas could mean that even more people look towards investing in stocks and shares-based products in an attempt to get more out of their cash, she added.
Recently, a study by Gartmore, M&G, Newton and Schroders found that 67 per cent of independent financial advisers will be recommending people invest money in UK equities this year.
Stocks and shares Isas more popular investments, study finds
Stocks and shares Isas more popular investments, study finds
Wed, 04 Mar 2009
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