Here’s a feel good story with a happy ending. I’ve spent many frustrating weeks waiting for our regulator to process my application to take on a mortgage adviser. She was due to join me yesterday. When, last week, I’d still heard nothing, I rather took leave of my senses and emailed the FCA’s chief exec. I’ve now discovered that those whom I thought of as faceless bureaucrats are human after all. Within a few days, a very efficient chap called Conor had sorted everything out for me and my authorisation came through in the nick of time. So as far as I’m concerned, their game is raised and they deserve all the praise they never get. Thank you, Mr Rathi.
“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.
