Five million investors are considering taking an Isa investment during this tax year, Fidelity's Isa...
Five million investors are considering taking an Isa investment during this tax year, Fidelity's Isa Index survey reveals.
Around 2.7 million people intend to invest in an Isa before the end of the tax year, this figure is unchanged from last year, while the figure for people considering investing in an Isa has increased by 21% to 2.3 million.
Out of the 2.7 million investors intending to invest in an Isa, 33% plan to buy a stocks and shares Isa, while 15% will take out an Isa with a combination of stocks, shares and cash.
The amount of people opting for a cash Isa has dramatically dropped to 49%, compared to 62% last year.
This indicates a more positive outlook and less uncertainty for 2002, Fidelity concludes from the survey.
In fact, some investors surveyed see the current market slow down as an investment opportunity, with nearly one in 10 showing an interest in investing because markets are low.
However, some investors remain cautions as 13% are waiting for signs of recovery to invest and 16% say that they would definitely not invest unless the market picked up.
Joined as head of strategy, multi asset, in June
Group income protection
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body