Laura Suter: 'Days are numbered' for Innovative Finance ISA

Industry compensation scheme refuses to cover it

clock • 2 min read

Laura Suter looks at the controversial Innovative Finance ISA and asks if the confusing stance taken by government and regulators means the product is not long for this world...

The tide is turning against the Innovative Finance ISA, its days must surely be numbered - although, with the current pace of change in non-Brexit government work, that number of days might be quite high. The regulator has issued clear warnings about the product. Charles Randall, chair of the Financial Conduct Authority (FCA), said that he had seen not only "very risky", but "sometimes fraudulent" investments within the Innovative Finance ISA. It's not the first warning from the regulator, which has issued notes on the product previously and seems to be encouraging the government t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why managing retirement risk matters more than predicting markets

Why managing retirement risk matters more than predicting markets

'Helping clients understand, prepare for and navigate uncertainty'

Andy Brown
clock 12 November 2026 • 4 min read
Solving private markets risks 'almost mission impossible'

Solving private markets risks 'almost mission impossible'

Julius Baer’s Cyril Demaria-Bengochea speaks to Professional Adviser

Sophia Panayi
clock 12 November 2026 • 3 min read
Anthropic bankers preparing to increase IPO valuation to $1.5trn – reports

Anthropic bankers preparing to increase IPO valuation to $1.5trn – reports

Draft prospectus filed on Tuesday

Jack Roach
clock 11 November 2026 • 2 min read