The FCA have said they want more big and less small firms of advisers. All the talk in our business is of ‘consolidation’, big fish buying up tiddler, retiring IFAs. For we remaining smallish firms, this provides a steady flow of new clients. Surprisingly, those used to dealing with someone they’ve come to know, offering a personal, local service aren’t always enamoured with the corporate approach. Good news for those of us who can hang on until regulatory policy once again goes full circle.
“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.
