Revenue set to refine guidance on Isa access

The Inland Revenue is to refine guidance to Isa managers on the level of access they must give investors to their money. The decision, flagged on the Revenue's website, follows concern that many Isas offered by banks and building societies contravene Isa rules on allow- ing investors access to their assets. Many have lock in periods or restrictions on withdrawals. The Revenue will decide what terms are accepted and how to deal with those that are invalid. Under Isa regulations, the Revenue said, an investor can ask for transfer of his or her Isa, or for withdrawal of all investments hel...