Budget: AWD Chase De Vere slams ISA switch plans

It says this could result in investors plunging into higher performing equities in good times to find they are trapped there when markets turn and paying higher rates of tax. Cliff Husband, research director, AWD Chase de Vere, said: "The new ISA rules raise the spectre of another ghastly financial scandal. "People could switch their ISA cash savings into investments unaware that they can't switch back. When people realise that they could be missing out on income tax relief on thousands of pounds on savings there could be a series of complaints to the ombudsman and regulator. This highl...