ISA business set to surge as advisers favour equities

In the latest FundsNetwork survey, which polled 600 advisers, an overwhelming 90% say clients will use the additional £3,000 ISA allowance. Over three-quarters of advisers (75%) say their over-50 client base has already taken advantage of the increased ISA limit, with 87% saying clients below this age category will do so when it become available after 5 April. The survey also suggests a strong bias towards equity investments, with 80% of advisers recommending equity funds to clients and just 11% recommending bonds. "It is interesting to see there is already demand from clients to u...