Balls confirms Isas to be made permanent

In a speech to the Pep and Isa Managers’ Association’s (PIMA) annual conference Balls stated the open-ended commitment to the Isa will provide stability for savers and certainty for the industry, and will provide a firm platform on which to promote saving in the future. Balls also revealed the pre-Budget Report will include further details of the proposals including confirmation the annual overall contribution limit will continue to be at least £7,000, while the mini and maxi distinctions will be removed to make the regime simpler and more flexible. In addition he says Pep schemes wil...