Jan 4 2007
Investment platform Fidelity FundsNetwork has predicted a record individual savings account (Isa) season in 2007, noting an increase of 40 per cent in its year-on-year web volume, suggesting plenty of activity from investors.
The company noted that the recent commitment to Isas from the government, together with the introduction of new switching rules, had boosted interest in the accounts, with the company predicting a 60 per cent rise in Isas on the previous year.
David Dalton-Brown, head of Fidelity FundsNetwork, said: "We are confident that investors will have been positively encouraged to take better advantage of the tax benefits Isas clearly offer, alongside other key tax wrappers such as Sipps [self-invested personal pensions] and investment bonds."
He added that many financial advisers had increased their activity regarding Isas and that FundsNetwork had been assisting these advisers with marketing advice, support and materials in the run up to the Isa season.
Fidelity International recently announced that its Fidelity Global Property Fund would have a real estate investment trust at its core and would qualify for inclusion in an Isa or Sipp.
