Cummings’ statements got here because the IA’s How funding administration helps UK progress report discovered over 15 million UK adults have investable property price greater than £10,000, with greater than half proudly owning at the least three-quarters of them in money.
In line with the IA CEO, “this implies they’re lacking out on the potential funding progress whereas being uncovered to the detrimental affect of inflation”, which has led to a drop in the true worth of investments in money particular person financial savings accounts (ISAs).
Variety of ISA millionaires hits all-time excessive of practically 5,000
“If these customers had put £10,0…
