OK, our regulator says they can’t or won’t ban dodgy (as opposed to fraudulent) investments. Surely, though, regulated advisers could be restricted to advising only on regulated products? That would exclude most bitcoins, holiday home developments in places you’ve never heard of and stuff offering a guaranteed return of 10% or more. Then, perhaps, caveat emptor would apply and those who do the right thing would not have to cough up to compensate the clients of those who couldn’t give a proverbial.
“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.
