So good to know that at last a Chief Exec is taking it on the chin. Hargreaves Lansdown kept Woodford’s funds on their list of ‘popular’ funds and tempted many to invest when it had clearly become folly to do so. They obviously weren’t giving advice, as ‘no news or research item is a personal recommendation to deal’. However, HL’s boss’s pay has plummeted to £650k as a result. Although, in percentage terms, this may not be quite the plummet suffered by Woodford investors.
“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.
