AJ Bell has called on chancellor Rachel Reeves to deliver a “radical” simplification of the ISA market to revive the UK’s capital markets.
In a policy paper published today (15 July), the investment platform urged the new Labour government to create a single ISA product incorporating cash ISAs, stocks and shares ISAs, junior ISAs and innovative finance ISAs. Chief executive Michael Summersgill said the merger would be the first step in achieving the ultimate goal of moving to a single ‘One ISA' regime, which he argued would unlock £30bn currently sitting in cash ISAs. "By combining the best features of ISAs into a single product, the government can make it easier for people to take the first step into long-term investin...
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