FUND manager Hargreaves Lansdown today said it had enjoyed its best ever quarter as savers fearful of tax hikes pumped money into tax-efficient investments.
The Bristol-based firm saw "unprecedented" business volumes in the run up to the ISA deadline, fielding thousands of calls and opening its last account at two minutes to midnight on April 5.
Record low interest rates are also pushing investors into getting more for their money, the company said.
"We believe that this, together with the fear of higher taxes, has galvanised investors into seeking tax-efficient investments," chief executive Peter Hargreaves said.
Assets held in its Vantage fund ’supermarket’ for private investors rose more than 13% to £16.3 billion in the three months to March 31, Hargreaves Lansdown added.