ISA reform not drastic enough - Fidelity FundsNetwork

It has proposed an increase to £10,000 in the annual ISA limit, from the newly proposed level of £7,200 and points out that had the limit risen with inflation, it would now be worth £8,800. Alternatively, it would like to see a commitment from the Government for an annual step change in the limit; to £8,400 from 2009, £9,600 from 2010 and £10,800 from 2011 - figures that are all divisible by 12 for monthly savers. It has also called for greater flexibility to move cash, especially for those savers who are retired or are approaching retirement. It welcomed the new ISA rules allowing th...