Barclays: Isa sales are on the up

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Barclays: Isa sales are on the up

Tue 4th Mar 2008

From the beginning of January to February 28th this year there was a 26 per cent increase in the number of individual savings accounts (Isas) opened compared with the same period in 2007, according t0 Barclays Stockbrokers.

This demonstrates that despite recent unstable market conditions, investors remain confident in the medium and long-term performance of their Isas, according to the bank.

In response to this increased demand, Barclays Stockbrokers has created ten tips for would-be Isa investors.

The main piece of advice is for people to ensure that they use their Isa allowance each year, in order to make the most of tax-free savings and investments.

It also recommends looking out for hidden charges and fees and transferring from cash to equities.

Amy Nauiokas, managing director and head of Barclays Stockbrokers, said: "We are delighted to see investors actively taking their tax allowance in 2008 despite the recent volatility."

The bank launched a new Isa last week, aimed specifically at investors, who are offered the opportunity to access a number of asset classes with differing risk levels.

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