Cash investments remain top of the agenda for Brits
Thursday, 11 March 2010 11:04AM
Cash investments remain top of the agenda for Brits
More than half (51%) have most of their investments in cash and 25% revealed they would be sticking to this for the foreseeable future.
Nick Scarrett, Head of Pensions and Investments at Fair Investment Company, said: "There is a lot of talk of diversifying assets and opting for riskier investments in order to improve returns, and this suits many people, but the bottom line is, most people are happiest in cash."
He added that people can make the most of their money by investing in a cash ISA, as there are some great rates available at the moment.
Saga recently found that two-fifths of people over the age of 50 will use their full ISA allowance over the coming year.
Posted by Martin Ellis
Latest money stories
- Brits compulsively checking bank balances The UK has turned into a nation of compulsive bank balance checkers due to the economic downturn, research shows.
- Savers are still not checking interest rates Brits are doing their best to put money into savings despite difficult economic times, though most fail to check how much interest they are making, it has emerged.
- Childcare loan proposals floated Proposals to allow parents to borrow money from the government to cover childcare costs have been put forward by a leading thinktank.
