Contributions to new stocks and shares ISAs jumped 13% in the second quarter, with women leading the way, according to the latest investor index data from Scottish Friendly.
The data showed a 15% increase in initial investments amongst women, outpacing the 11% rise recorded among men.
The sharpest jump came from investors aged 50 and over, who boosted their opening contributions by 22% in the second quarter. Those aged 35 to 49 increased their investments by 8% while younger investors aged 18 to 34 notched up a 5% increase.
Regionally, the Northwest reported a 30% increase in opening contributions, putting it far ahead of the UK-wide figure of 13%. The Southwest came second with 19%, followed by the East Midlands with 17%.
Scottish Friendly said a similar pattern of increased contributions also occurred among Junior ISA accounts, with contributions up 12% during the quarter.
Kevin Brown, savings specialist at Scottish Friendly, said: “In today’s uncertain economic climate, many savers are clearly prioritising building a more secure financial future.
“The strong growth in initial investments – especially among women and older investors – shows a determined effort to make the most of these allowances despite wider challenges. It’s also encouraging to see parents increasing their contributions to Junior ISAs, signalling a forward-looking approach to family financial planning.
“Overall, these trends highlight a growing awareness and proactive mindset among UK households to safeguard their financial wellbeing for the long term through investing.”
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