More than half of people saving in individual savings accounts (Isas) prefer to make their own decisions when it comes to the investments, a new study has shown.
The research, conducted by Barclays found that a third of Isa investors picked the product themselves and a further 24 per cent would make their own choice if they were to take one out.
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."
He added that the main attraction of such Isas is that they let the consumer make changes when they want.
The survey also found that ten per cent of investors would like to be more involved in the way their Isa is managed.
New Isa regulation come in to effect for all accounts from April 6th, the changes include an increase in the amount of money people can save in Isas each year.
Isa savers prefer to make their own choices, survey finds
Isa savers prefer to make their own choices, survey finds
Wed, 02 Apr 2008
Recommended links
UK savings accounts comparison portalSaving accounts guide - contents page
ISA guide - contents page
Types of ISAs
Savings enquiry form
Best saving accounts rates
Compare ISA products
Compare ISA providers
Two-thirds miss out on Isa perks
Check Isa commission, consumers told
<% Randomize: ord=int(rnd*1000000000) %>
 %>?)
| savings news |
|---|
| Saving rates reach 3.3 per cent - Thu, 21 Aug 2008 |
| Holidaymakers dipping into savings, expert claims - Wed, 20 Aug 2008 |
| Safety in savings important, survey finds - Tue, 19 Aug 2008 |
| More News |
