Govt rejects Lords' call for AIMs in ISAs

clock

The Treasury has again rejected calls to allow more alternative investment market (AIM) shares in individual savings accounts (ISAs).

During an oral questions session today, Francis Baring, the sixth Baron Northbrook and former Barings analyst, asked if the government would consider allowing more AIM investments in ISAs. Lord Northbrook said the coalition had pledged to boost investment in small businesses and could do this by allowing AIM investment through ISAs. He also questioned the logic of allowing AIM investment in self-invested personal pensions (SIPPs) but not in ISAs. Lord Sassoon, commercial secretary to the Treasury, said the government could not risk damaging the trusted ISA brand with such a move. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on ISAs

Time and patience: Will the British ISA revitalise UK equities?

Time and patience: Will the British ISA revitalise UK equities?

'The UK stock market currently navigates choppy waters'

Priscilla Chueng
clock 28 March 2024 • 3 min read
Half of UK adults would consider opening a Great British ISA

Half of UK adults would consider opening a Great British ISA

Current ISA savers most likely to take advantage of the new product

Isabel Baxter
clock 15 March 2024 • 2 min read
Advisers positive that Great British ISA will boost savings

Advisers positive that Great British ISA will boost savings

Almost two thirds say they think it will lead to an increase

Isabel Baxter
clock 11 March 2024 • 1 min read