‘Robo-Advice’, better known as DIY investing on the internet without any advice, led many who shouldn’t have to invest in the aforementioned Woodford funds. It also, it seems, doesn’t make money and won’t for quite a few years, mainly due to the need to advertise a lot to get punters on to the website. I suspect, too, that it will be hit by a tad more regulation in the not too distant. So maybe there’s a better way. ‘Personal Financial Advice Supported By Award Winning Technology’?
“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.
