Reeves' rumoured ISA reforms risk 'harm' and diversification issues

Concerns over rumoured £10k cash ISA cap and potential UK equity mandate

Sahar Nazir
clock • 5 min read

The government’s rumoured ISA reforms could create complexity and risk limiting diversification, despite the policy’s aim of boosting investment in the UK, financial planners have warned.

Recent reports suggested that chancellor Rachel Reeves is considering halving the £20,000 annual ISA allowance, introducing a £10,000 cap on cash ISAs, and mandating a minimum level of UK equity exposure within stocks and shares ISAs. ‘The devil will be in the detail for ISA reform' While the Treasury has not confirmed any details, advisers have been quick to question the potential implications for investors and the advice process. Connor Broadley financial planner Alice Sanders said the impact of a UK equity mandate would depend heavily on its scope, warning it could disrupt invest...

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

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read