Economic downturn 'to hit ISAs'

clock

An economic downturn could hit the ISA market in the next five years, according to independent market analyst Datamonitor.

It believes a future downturn could particularly affect stocks and shares accounts. The predicted slump will come after a strong period for ISA sales. Figures from Datamonitor show ISA sales reached £33.3bn in 2006 as customers took out a record 13,788 ISAs during the year. Mini cash ISAs, the most popular, grew by 6.5% since 2002, in terms of annual sales value. The average value of mini cash ISAs reached £2,178 between 2002 and 2006. The data also shows providers sold fewer maxi ISAs in 2006 than 2002 and 99% of maxi ISAs comprised of stocks and shares. Katie Langridge, financial ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FCA launches trio of crypto consultations as UK interest nears tipping point

FCA launches trio of crypto consultations as UK interest nears tipping point

Consumer protection and innovation

Patrick Brusnahan
clock 16 December 2025 • 2 min read
Cryptoasset legislation in UK to come into force in 2027

Cryptoasset legislation in UK to come into force in 2027

Consumer protection

Cristian Angeloni
clock 15 December 2025 • 1 min read
Decoding the conflicting investment advice of Warren Buffett

Decoding the conflicting investment advice of Warren Buffett

'He leaves us with a wealth of opinion and information about markets and investing'

Laith Khalaf
clock 09 December 2025 • 5 min read