Public still wants ISA limit raised January 14
The public is still pushing for the government to increase the ISA limit to £10,000, according to the latest research from F&C Asset Management.
The figures showed that 70 per cent of the public believes that the government does not do enough to encourage them to save – and more than half want to ISA limit bumped up as a result.
This comes as a 3.1 per cent drop in net sales of fund-based ISAs was revealed for November by the Investment Management Association, although F&C said that its findings are not intended to coincide with this statistic.
Head of communications Jason Hollands said: “[It] may represent a combination of people cashing up once they had made up lost ground after the sharp falls in May, a background of a nuclear test in North Korea and nervousness about interest rate rises.”
It’s not all bad news though – as this season is thought by many advisor firms to have a good chance of being one of the best yet for ISAs.
Written Exclusively by AdFero for ISA Guides
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