Five-figure LISA penalties add fuel to ISA change calls

In the run up to the Autumn Budget, scheduled for 30 October, calls have intensified for ISA changes. Speaking at PA360 North earlier this week, AJ Bell head of public policy Rachel Vahey outlined that a simplification of the ISA system needs to happen. "We would like ISA simplification to be in the budget," Vahey told delegates, as she labelled it "daft" to have six different types of ISAs. In a recent PA Asks poll, PA asked advisers whether they would like to see a simplification of the ISA regime. Of the 40 respondents, more than half (55%) said they did. However, 43% did not be...