A reform of the Individual Savings Account (ISA) system is currently “under review” by the Treasury, as part of its broader examination of all UK savings policies.
Although there was no mention of ISAs in Chancellor Rachel Reeves' first Budget last month, nor in her maiden Mansion House speech last week, Labour had promised to increase retail participation in capital markets in its campaign commitments. The only move related to ISAs, which was also confirmed in the Autumn Budget in October, was the scrapping of the Great British ISA, unveiled by former chancellor Jeremy Hunt earlier this year. Under the new Labour government, the Treasury said it would not go ahead with the GB ISA plans despite having sought industry feedback on the matter. ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
