ISA ignorance could harm investors - Barclays

A study conducted by Barclays Stockbrokers found less than half of the investors questioned - those that have invested in a stocks and shares ISA in the current tax year - were even aware PEPs were becoming ISAs. In addition, four in ten investors did not know how the changes in regulation could affect their investments while less than three quarters knew the ISA allowance is set to increase. From 6 April new legislation will mean that Personal Equity Plans (PEPs) will cease to exist, and will automatically become stocks and shares ISAs. Under the changes, investors will also be able ...