Govt rejects Lords' call for AIMs in 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. ...