Only 8% of IFAs have seen increase in ISA payments despite rule change

Its research of 200 IFAs found that only 8% have seen an increase in their clients paying into ISAs since rules changed. The majority 87% reported that there has been no change in terms of their clients paying into Isas in this period. In a bid to encourage competition and boost rates, earlier this year the government allowed savers to pay into more than one of each type of Isa annually. It was revealed in the Autumn Statement that from April 2024, the government will allow multiple subscriptions to ISAs of the same type every year, as well as allowing partial transfers of ISA fund...