There are some good reasons to hold cash. It is important to have as a rainy-day fund, or money you know you’ll need to spend in the next few years. But if you don’t know why you’re holding cash then what options do you have if you want to prepare for the future?

Every year, the majority of new ISA subscriptions are for cash ISAs, which typically accounts for around 75% of all new subscriptions. For most advisers this is one of the first opportunities that is examined by almost all clients and can be explained by the understandable concern of stock market volatility.

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