Swip predicts last minute Isa flood

More than 4.5 million people have opened an investment Isa this year, research from Scottish Widows ...

More than 4.5 million people have opened an investment Isa this year, research from Scottish Widows Investment Partnership shows. According to a survey conducted by the group, more than 3.7 million people are planning to invest in stocks and shares Isas before the 5th April 2006, and of these, around 2.2 million have yet to open an investment Isa this tax year, leading to a last minute rush this tax season. Analysis of industry data shows that between 2001 and 2005, around 22% of net money flowing into investment Isas during a tax year did so during March and the first five days of April,...