May 13 2008
Investors in individual saving accounts (Isas) are changing their plans when it comes to dealing with equity assets, it has been suggested.
According to Prudential, the volatility of the stock market in recent months has left the majority of investors with a more cautious attitude towards buying shares.
However, the financial services firm maintains that equity investments pay off in the long-run and has noted that Isa regulation changes have given people saving for retirement more flexibility in terms of how they control their assets.
"The new Isa rules which came into effect this tax year are an opportunity for advisers and their clients to reassess their investment strategy and to shift some cash savings into funds investing in shares," explained Gary Shaughnessy, managing director of Prudential's life and pensions retailing.
A recent report from Unbiased suggested that people saving for retirement in the UK are increasingly seeking out relevant independent financial advice.
