Isa season expected to be poor or even non-existent

With the current decline in consumer confidence, Investment houses are struggling to decide which of their funds to push this year

Lack of consumer confidence means the forthcoming Isa season is expected to offer no improvement on last year's poor sales, making it difficult for investment houses to decide which funds to push. By this time each year, investment houses have usually made a decision on the funds they would like to promote for the upcoming Isa season. Mark Dampier, head of research at Hargreaves Lansdown, said: 'It is more likely we will have a wealth management season rather than an Isa season this year. People will still part with their money but will want advice to do so.' With the markets so low, n...