Investors aged over 50 are positive about the future returns offered by the stock market, according to a survey by Fidelity International.
The new findings reveal that over 54% of over-50s ISA investors with more than £10,000 in savings have an upbeat outlook on the stock market.
With base rates and interest rates at their current low level, savers are turning to stocks and shares, with 30% of cash-rich over 50s feeling the stock market offers better future returns.
"After a turbulent 18 months, our research indicates that the over 50s are now feeling far more positive about the stock market," says Rob Fisher, head of UK personal investments at Fidelity International.
The findings come as the maximum amount savers can invest in a Stocks & Shares ISA was increased by £3,000 from October 6, when the ISA allowance was raised to £10,200.
The online survey was carried out between September 11-14th and sampled 965 over- 50s eligible for the new ISA limit.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created