Investors who are still nervous of entering the stockmarket in the current economic climate now have...
Investors who are still nervous of entering the stockmarket in the current economic climate now have another solution which allows them to claim this year's Isa allocation but phase payments over the year.
Through its MultIsa, Skandia now allows investors to hold this year's £7,000 Isa allowance in cash and delay their investment decision until markets have settled, over a three, six, or twelve month period.
Angus Duncan, Head of Investment Sales at Skandia, says: "IFAs are finding that some investors are apprehensive about investing the full £7,000 while markets remain unpredictable. At the same time, they don't want to lose their ISA allowance. By putting the money into cash, investors can delay their investment decision while still taking full advantage of this year's allowance."
Fidelity is also offering a similar facility on its Isas which allows clients to claim their £7,000 limit but invest their money steadily over the year.
For further information on Skandia's MultIsa click through one of the right-hand links or contact your regional office.
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