Online stockbroker and fund supermarket Interactive Investor (www.iii.co.uk) has responded to the publication today of the IMA fund statistics for May.

Rebecca O’Keeffe, head of investment at Interactive Investor, said:
“The latest IMA stats demonstrate the continued appeal of ISA accounts. Fears surrounding the emergency budget and the likely, and proven, CGT rises prompted a significant rise in tax efficient investing, with ISA subscriptions in May holding up very well.

“Across the Interactive Investor platform we saw ISA subscriptions run at double previous year’s totals and a large number of investors ‘Bed & ISAing’ their existing investments to ring fence current holdings from future tax rises. With the emergency budget confirming that ISA subscription levels will rise in line with inflation, their attractiveness can only grow.”

Key facts about the services Interactive Investor offers its ISA and fund users:
• No ISA fees, management fees or any other administration fees
• Full trading platform for investing and trading shares, ISAs, self select ISAs and SIPPs - ability to hold UK, EU, and US stocks, funds, ETFs, Investment Trusts and cash within a self-select ISA or SIPP
• Over 1700 funds available to choose from – the funds account for around 95% of the money invested in funds in the UK
• A range of tools for the novice and more sophisticated investor to select the right ISA for them
• Fund and stock filters that allows investors to search by fund provider, sector, performance, and risk rating