The number of new stocks and shares ISA policies opened by adults in Scotland fell 17% year-on-year in the three months to December 2022.
Sales in the run-up to Christmas were significantly lower than the previous year, while the value of these new policies among Scottish customers also fell, according to the latest data from Glasgow-based mutual Scottish Friendly.
New policy values were down by 16% between the final quarter of 2021 and the same period in 2022, reaching their lowest level since the third quarter of 2020.
