Hargreaves sees ISA/SIPP sales boost

The firm recorded subscriptions of £420m via its stocks and shares ISA, a leap of over 30pc on the previous year’s total, as many clients topped up their existing holdings despite market volatility at certain times during the year. It also saw a massive increase in SIPP business which rose by three and a half times compared to the previous year, as investors ploughed £720m, including transferred business, into the company’s Vantage SIPP as opposed to £193m the year before. Mark Dampier, head of research at Hargreaves Lansdown, said: “Our surveys have shown clients are more confident of th...