Investors switch to stocks and shares ISAs

A Hargreaves Lansdown survey reveals an almost tenfold increase in transfer requests of this kind in recent weeks. The research compared ISA behaviour from the end of November to 9 December 2008 with the period from the end of December 2008 to 9 January 2009. It found clients are transferring mainly to corporate bond funds as yields in excess of 6% appear increasingly attractive. Ben Lundie, head of Vantage development at Hargreaves Lansdown, says: "With interest rates falling to historic lows, investors are seeking income elsewhere. We can see this trend continuing for some time as we...