Up to 50% of Isa investors are contemplating self-select
April 3, 2008 by admin
Filed under News, News-Banking
More than half of Individual savings account (Isa) investors prefer to make their own decisions when it comes to investing, a new study has shown. 
The results from Barclays’ survey reveal that ten per cent of investors would like to be more involved in their Isa.
Meanwhile, a third of Isa investors have opted for self-select and a further 24 per cent are thinking about taking one out.
Tom Ryan, director at Barclays Stockbrokers, said: “Self-select Isas have empowered investors, giving them the freedom to make their own decisions and to take control of their investments.”
The added attraction with the product lies with the option it provides to buy and sell when the consumers prefers, he added.
Up to 75 per cent of investors said they were attracted to self-select Isas because they like to make their own decisions.
From April 6th, new updated charges will come into effect for all Isa accounts for the 2008-09 tax year.
