Industry calls for ISA review

Brown said yesterday the limits on ISAs will remain £3,000 cash and £7,000 in total, while the budget papers state: “The government remains committed to ISAs”. But Helen Stephenson, spokeswoman at the Investment Management Association (IMA), says while the IMA welcomes the government commitment to ISAs it is disappointed there has been no mention of a review. The budget states one in three adults have an ISA with nearly £190bn subscribed since their launch in 1999, but Stephenson believes that to maintain popularity in ISAs “something needs to be done”. She adds: “The government made ...