Our regulator’s stated aim is to reduce the number of small advice firms, to make their lives easier and leave them less to regulate. And here’s the first inkling that their tactics are working, as more and more one-man-bands decide to sell out and head for the hills. The ‘bigger is better’ theory has been tried in many places, many times. Hospitals, for instance. But can anyone who’s experienced both giant and cottage, say they prefer the huge, impersonal regional monoliths; however (supposedly) efficient and crammed with expertise they may be? I don’t think so. Give me a GP who comes to see me and knows my name, any time.
“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.
