Cautious advisers are still not ready to commit to the market with cash remaining the most popular destination for client money, new statistics suggest.
Hargreaves Lansdown’s Vantage supermarket figures show cash is currently the number one regular savings investment for SIPP investors and number three for ISA regular savers. It follows Fidelity FundsNetwork’s statistics released earlier this week which revealed its Cash Park was the ISA best seller in April, while the most popular vehicle on the SIPP side was the Fidelity Cash fund. Hargreaves says its Vantage clients are keen to utilise annual pension and ISA allowances, but may be nervous of current market conditions. The Vantage top ten also included the popular Invesco Perpetua...
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