Abbey Isa backlog to last 'til Xmas - papers 14th Dec

clock •

ABBEY is still struggling to clear its backlog of Isa savers who wish to transfer their cash Isas to the bank before Christmas and may not clear the 25,000 customers, says the Times .

Abbey now says it will have the problem sorted by Christmas, but the problems started on April 1st, when Abbey launched an Isa paying interest at 5.35% — the best rate on the high street. Since then, however, the Times says it has been inundated with complaints from readers about delays to applications. Problems with the Isa emerged in May, when readers complained of waiting six weeks for money to be transferred but those problems still continue and are unlikely to be cleared up quickly, suggests Patrick Connolly of John Scott and Partners, because people are still interested in buyin...

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 uncategorised

Professional Adviser named Retail & Wholesale Publication of the Year

Professional Adviser named Retail & Wholesale Publication of the Year

Aviva Investors Sustainability Media Awards

Professional Adviser
clock 09 November 2026 • 1 min read
PA Awards 2027: Last chance - entries close at midnight tonight

PA Awards 2027: Last chance - entries close at midnight tonight

The 22nd Professional Adviser Awards will take place in London next March

Professional Adviser
clock 18 September 2026 • 1 min read
Multi-Asset and MPS Roadshow: Last chance to join PA in Harrogate or Warrington

Multi-Asset and MPS Roadshow: Last chance to join PA in Harrogate or Warrington

Hear from Aberdeen, Aviva Investors, Clever, Downing, Fidelity, Quilter Cheviot, Rathbones

Professional Adviser
clock 08 September 2026 • 1 min read