TISA in bond tax-free transfer plea

Under the TISA proposals, individuals would be able to switch between investment bonds and/or providers without triggering a taxable event. Tax-free transfers would also bring this wrapper into line with most other tax-incentive schemes, such as pensions, ISAs and Child Trust Funds. Transfers would promote competition in the marketplace and allow consumers to choose the best product and investments for them as their needs and appetite change or as the market develops. TISA said its recommended change would provide a positive impact on the market, given the longer-term nature of single...