The government’s ISA shake-up represents a “missed opportunity” and risks increasing complexity for savers “for the wrong reasons”, according to AJ Bell director of public policy Tom Selby.
Speaking on Professional Adviser TV in part two of an Autumn Budget special episode, Selby said the structure, which from 2027 will cap cash ISA subscriptions at £12,000 while reserving £8,000 exclusively for investments, represents "the opposite of simplification" despite Labour pledging pre-election to streamline the ISA landscape. "What we saw at the Budget was the opposite of simplification," Selby said. "We've ended up with a far more complicated ISA landscape when it was already too complicated." ‘Buy-now-while-stocks-last' behaviour Selby warned the split allowance risks p...
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