Barclays Wealth: Isa investors "disillusioned" with returns

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Barclays Wealth: Isa investors "disillusioned" with returns

Tue 16th Mar 2010

Barbara-Ann King, head of investments for Barclays Stockbrokers, said the 0.5 per cent base rate has encouraged investors to rethink their perspective of the financial marketplace.

She commented: "We expect that investors will take advantage of increased investment Isa contributions for the next tax year when the new allowances become applicable to all."

According to Ms King, 28 per cent of people say their perspective has not changed with regard to the 12-month low rate and three-quarters of investors have diversified their portfolio, spreading their Isa across a broad range of financial products and assets.

Research by Clydesdale and Yorkshire Banks recently revealed that up to 84 per cent of people were convinced that the new Isa rules were unfair.

The current Isa limit is £7,200, but from April 6th this will be raised to £10,200 for over-50s, who can fulfil the new limits with a combination of stocks, shares and cash.

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