Government ISA reforms will not encourage saving, industry says

‘Most of the general public do not care about ISA saving’

Isabel Baxter
clock • 2 min read

The majority of the advice industry does not believe the upcoming ISA reforms in April will encourage saving, Professional Adviser has found.

Some 71% of pundits who took part in the latest PA Asks poll responded ‘no' when asked if the government's ISA reforms would encourage saving, while 15% responded ‘yes' and 14% said they do not know. One respondent who said they believed the changes would encourage saving said flexibility meant people would not have to make a binary decision. Agreeing, another added: "People don't like complexity." Meanwhile, one pundit said that the government should "apply the same logic" to pensions. Conversely, one respondent said that the ISA reforms are a "complete waste of time as usual"....

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