Are cash ISAs falling out of favour?

The UK government is considering reforms to Cash ISAs to boost private markets, with a potential reduction in annual limits to encourage more people to invest in stocks and shares ISAs. Despite the government’s interest, new research shows a decline in Cash ISA openings and an increase in stocks and shares ISAs, with more funds held in the latter. While Cash ISAs offer easy access to savings, stocks and shares ISAs tend to outperform over time, making them a better option for long-term wealth building.

Full Article