You buy a car from someone who claims to be a qualified mechanic but isn’t. The breaks fail and it crashes. Would you expect to be compensated by other, proper mechanics? If a supposed master builder builds you an extension which falls down, and you find he actually rides a horse and wears a 10-gallon hat, would you expect all the other builders in the country to club together and rebuild it for you? I think not. But if someone who’s not a financial adviser advises you to buy something dodgy, that’s exactly, it seems, what those of us who actually are financial advisers will have to do.
“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.
