Chancellor Jeremy Hunt has revealed the government will simplify the ISA regime to make it easier for consumers to invest.
The simplification will include the expansion of investment opportunities available in ISAs, which will include long-term asset funds and open-ended property funds "with extended notice periods". LTAFs will be "brought into the scope of Innovative Finance ISAs from April 2024", according to the Autumn Statement, alongside open-ended property funds with extended notice periods, the first mention of this change to property vehicles in official documents. Fractional shares contracts will also be available for purchase through ISAs, with the statement revealing that certain fractional sha...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
