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Tim Leonard

Tim Leonard

Finance Expert
Published: 21/10/2009

Having seen their ISA limits increased recently, more than half of investors over 50 with more than £10,000 in savings have a positive look on the stock market.

The changes, as first outlined in the Budget back in April, came into effect at the beginning of this month, providing a boost to savers at a time when the savings rates remain historically low.

Research conducted by Fidelity International has revealed that 54 per cent of over 50s with the maximum amount possible invested in a pension view annuities positively.

In addition, three in ten cash rich over 50s feel positive about their future returns from investing in stocks and shares, despite any short term volatility in the market.

Furthermore, one in five (21 per cent) respondents said they believed that with both the base rate of interest and rates of return on savings so low, the only way they have potential to receive a decent return on their savings is by investing in the stock market.

"After a turbulent 18 months, our research indicates that the over 50s are now feeling far more positive towards the stock market," Rob Fisher, head of UK personal investments at Fidelity International, commented.

"They recognise that with interest rates so low, it really could be the best place to achieve good returns on their money over the medium term, plus that using their ISA allowance is vital to maximising their post tax returns."

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