Pension savers pounce on cheap stocks

Volatility has plagued markets this month due to fears over the US and European debt crises. Alliance Trust Savings said on 5 August dealing volumes were up 61% on the last recorded high on 15 March 2011. On that day 71% of orders were to buy, which Alliance Trust said shows SIPP and stocks and shares ISA investors are looking to profit from plummeting equity prices. Saga Share Dealing reported a 50% increase in the number of trades during the week commencing 8 August. Favourite shares bought via Saga were Lloyds Banking Group, Vodaphone, Barclays, Aviva, RBS, National Grid, BP,...