Perhaps I’m not a lone voice in calling for the regulator to do what’s always seemed to me to be the bleedin’ obvious. A big chunk of the compensation paid out by the FSCS (Financial Services Compensation Scheme), which we, and ultimately you as a client, fund, is to those who’ve moved their pensions into dodgy, unregulated investments. They’ve more often than not been persuaded to do so by dodgy, unregulated ‘introducers’ who can’t officially give advice and so can’t be held to account. If all of that becomes illegal, all those involved will, at least, know where they stand. Which will hopefully be in court.
“Reeves backs down on plans to cut ISA limit”
So it looks as though Cash ISAs are safe for the moment (FTM – is that a thing?) Rachel has apparently ‘bowed to pressure’ from the banks and building societies and decided not to reduce the allowance to £4,000 for cash and to keep the £20,000 parity with Stocks and Shares ISAs. Bowed also to common sense, I’d say.
