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Optimism in the stocks and shares market is returning, according to Virgin Money.

The credit card provider stated people are starting to increase investment in stocks and shares as confidence in equities improves.

Virgin Money made these comments following the release of the latest results from its Investor Intentions Index.

This tracks the confidence of independent financial advisers and where they suggest clients should invest their money.

According to the index, the proportion of advisors recommending UK shares to investors increased to 80 per cent this year, up from 78 per cent a year ago.

At the same time, fewer advisors recommended European shares, with the proportion decreasing from 74% to 70%.

A total of 38% recommended property in comparison to 41% last year, the index showed.

Virgin Money spokesman Grant Bather said: "Cash is the big loser as investors have started to shirk the relative safety of cash in favour of capitalising on the long but consistent curve of recovery in the stock market."

Virgin is currently offering a credit card with 0% on balance transfers for 16 months from the date on which the account is opened. A 2.98% handling fee applies.

The rate on the card is 16.6% APR typical rate variable.

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Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9%
** 16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable). **
	Virgin Credit Card
	20 months	3 months	16.8%
** 16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable). **
	Barclaycard Platinum with BT
	22 months	3 months	17.5%
** 17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable). **
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