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 takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

Accused of breaching FSMA

Michael Nelson
clock 08 June 2026 • 2 min read
M&G's PruFund coming to Scottish Widows Platform

M&G's PruFund coming to Scottish Widows Platform

First third-party platform launch

Jen Frost
clock 08 June 2026 • 2 min read
Investors move from cash to US equities as confidence improves

Investors move from cash to US equities as confidence improves

Investment Association figures show

clock 05 June 2026 • 3 min read