Cash ISAs fall out of favour as investors flock to Stocks and Shares ISAs Investing Cash ISAs are increasingly becoming unpopular with investors, while the number of Stocks and Shares ISAs has surged 57 per cent amid planned reforms to the investment wrapper. An analysis of HMRC data by Investengine revealed that new Cash ISA accounts have fallen seven per cent over the last five years, despite recently announced plans [...]
Three of the top robo-advisers for Stocks and Shares ISAs Personal Finance Robo-advisers are growing in popularity as a way for hands-off investors to have their portfolio managed at lower costs. These financial robots are aimed at ISA and non-ISA investment customers, though not all robo-adviser firms offer a full range of ISA options. A robo-adviser uses algorithms that analyse investors’ answers to pre-set questions, then suggests [...]
ISA millionaires: 25 ISAs hold a combined £222m Investing According to new data on ISA millionaires, nearly a quarter of a billion pounds is now held in a handful of ISA accounts. A series of Freedom of Information requests from Investengine has revealed that the top 25 highest-value ISAs in the UK now hold a combined total of £222m in assets. The findings mean [...]