Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock • 2 min read

The financial services sector remains divided over UK chancellor Rachel Reeves’ decision to revert her planned Cash ISA reforms.

The government admitted there were "differing views" about how to proceed on amending rules around Cash ISAs, but that does not mean that the chancellor has given up on plans to reform the system. Instead, during her Mansion House speech next Tuesday (15 July), Reeves is expected to promise additional advice and support aimed at encouraging the public to invest in stocks and shares, including in British companies, according to government officials. A Treasury spokesperson said: "Our ambition is to ensure people's hard-earned savings are delivering the best returns and driving mor...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

UK IFA deal numbers hit 'new peak' in 2025

UK IFA deal numbers hit 'new peak' in 2025

Deals rose from 50 to 133 between 2020 and 2025

Sophia Panayi
clock 12 May 2026 • 4 min read
Phillip Wickenden: The political map has been redrawn

Phillip Wickenden: The political map has been redrawn

'The market is not pricing personalities. It is pricing discipline'

Phillip Wickenden
clock 11 May 2026 • 6 min read
Why the end of paper shareholdings matters now

Why the end of paper shareholdings matters now

‘There is still time before the 2027 deadline’

Ben Rogers
clock 11 May 2026 • 4 min read