ISA struggles set to continue

In addition, the prospects for ISAs do not look like they are improving, suggests research from Resolution Asset Management (RAM). The IMA reports net ISA sales for February were £88m, a three-fold increase on January, but a huge drop from the £147m worth of sales in February 2006. Richard Saunders, chief executive of the IMA, says: “ISA sales continued to be lower than 2006 with February signalling a modest start to the ISA season last month. “It is to be hoped that the welcome announcement in the Budget that contribution limits are to increase, together with the overhaul of the syst...