More than two fifths of regular ISA savers would increase their investments if they knew how to source financial advice - which almost a quarter (23%) admitted they didn't, according to MetLife.
The provider's nationwide study found almost half (45%) of ISA savers thought the current rules and options for stocks and shares ISAs were too complex for them to understand, highlighting the need for independent advice. A mere fifth of those questioned held equity ISAs and more than a third said they would not invest in them because of fears about volatility. MetLife questioned 1,071 employed adults aged 18 and above during January and February 2017, ahead of the increase of the tax-free ISA contribution limit to £20,000 from £15,240. It found about one in five (18%) had sought a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
