Almost half of all money paid into UK ISAs now in stocks and shares – highest level since Global Financial Crisis

Gill Millen, Managing Director quoted in IFA Magazine 15 November 2022

“It’s good to see the message getting through that people saving for the long-term should put their money to work in the stock market, rather than let it waste away in cash.

“While this is a step in the right direction, more needs to be done to encourage people to invest, particularly if they are saving for long-term goals like retirement.

“Investors should remember to look past short-term volatility in the market and understand that over the long term, the return from the stock market beats cash over any medium to longer term time period.

“It will be interesting to see if the rise in interest rates has an effect on the number of cash ISAs this year – superficially cash ISAs will be more attractive as their nominal interest rates have increased.”

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