Advisers need to be 'proactive' ahead of April ISA lock-in date

With economists forecasting a fall in interest rates starting next year, Continuum has noted that "savvy savers" are already locking into fixed rate savings accounts, with £4.6bn put into savings accounts in October. Continuum added that the effect of stalling savings rates could leave clients with a "nasty surprise" in the upcoming ISA season if their financial advisers are not explaining the potential risks of leaving savings in a cash ISA well in advance of the April lock-in date. It was revealed in the Autumn Statement that from April 2024, the government will allow multiple subsc...