Fidelity lobbies MPs for ISA bonus

Its manifesto improving incentives for medium and long term savings sets out plans to correct what it sees as an "inadequate" savings system by introducing an annual ISA bonus, an annual cap on pension contributions and incentivising ISA to pension transfers. "UK household savings is inadequate," the paper says. "This is so when considered against both historic levels and the level required to support increased life expectancy in retirement." The fund house is lobbying MPs across the political spectrum to cut the savings gap by building on current tax breaks and other incentives desig...