Here we go again. Who on earth are these gullible people who believe they’ll secure a guaranteed retirement fortune by plunging their pension savings into property developments in Cape Verde? Do they actually know what or where Cape Verde is? More to the point, why are the dodgy advisers taking big commissions from the developers of these non-existent properties allowed to start up in business? As usual, we’ll be called on to bail out the punters who’ve been fleeced. The, to me, rather more straightforward solution, not allowing pensions to hold unregulated investments, is obviously not as straightforward as I think. Why? Beats me. Answers on a postcard, please.
“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.
