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Wednesday, 13 May 2009

NISA news

There’s been much talk of greenshoots this week, especially from the European Central Bank (although Mervyn King has just sought to play down widespread talk of 'green shoots' and cautioned that the outlook for the UK economy remains uncertain). But here is some interesting, positive news. According to IMA stats the 2008/09 ISA season saw net inflows of £529.1 million, 74% more than the previous year’s inflow of £303.8 million (and yes that’s equity ISAs rather than cash ISAs). But as Meg said last year, should we be worried that given the lack of attractive saving alternatives more money is being ploughed into equities?

Jo Parker

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