ISAs & PEPs news
Investors 'should not let their ISAs lapse'
5 March, 2007
A leading investment broker has warned savvy savers not to let their ISA saving lapse, despite the unstable appearance of the stock markets of late
Hargreaves Lansdown says that despite a number of economists forecasting a possible turn in the UK economy, people should not be put off saving – especially at this time of year.
Senior analyst at the firm Meera Patel said that positive fundamental indicators were still in place and that at the very least, those investing should use up their cash-ISA allowance.
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Her comments come at the start of a busy month for ISA activity with savers clamouring to use up their tax-free investing allowance by the end of the tax-year.
Ms Patel said: "Over that time period you would have hoped that the markets would go up but I don't think that investors should start getting too nervous over what is happening in the short term.
"The short term noise is going to cause volatility but I think the main message to get across is: 'Don't give up on those opportunities and let your ISA lapse at the start'."
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