Professional Adviser's investment detective Matt Morris delivers his verdict on six developments in the investment and pensions arenas that have caught his eye over the last month
Killing Season The total amount invested in stocks & shares ISAs has outstripped that of cash ISAs, as cash inflows declined by almost £20bn. The total amount of money held in adult stocks and shares ISAs now stands at £315bn compared with £270bn in cash ISAs, according to the latest figures from HM Revenue & Customs. This reflects the fact the stockmarket has produced better long-term returns than cash, and also that people investing in stocks and shares ISAs tend to hold them for longer. Some £22.3bn was subscribed to stocks and shares ISAs during the 2016/17 tax year - up from £21.1bn ...
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