UK Money News

1st April 2008
Self select Isas growing in appeal
The appeal of independent savings accounts (Isas) which allow customers to exert more control over their investments are rapidly growing in appeal, a new survey has shown.
According to a study conducted by Barclays Stockbrokers, 56 per cent of all Isa holders either already have a self select Isa or are considering opting for one.
The burgeoning attraction of the products can be attributed to the increased control they allow investors to exert, the study suggests.
This appears to be born out by 75 per cent of those with self select Isas saying that it was the ability to make their own decisions that appealed to them.
Tom Ryan, director at Barclays Stockbrokers, said: "Self-select Isas have empowered investors, giving them the freedom to make their own decisions and to take control of their investments. For many, the ability to buy and sell when they want to is extremely attractive.
"Others are being drawn into DIY Isa investing as a result of the availability of tools and support available to help them confidently manage their own Isas."
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