As you know, the government announced in the 2014 Budget that from the 1st July 2014, ISAs (Individual Savings Account) will be reformed into a new, simpler product, the ‘New ISA’ (NISA) with equal limits for Cash, and Stocks and Shares. Not only is the ISA (or NISA) savings limit being increased to £15,000, any money held in a Stocks and Shares NISA can be transferred to a Cash NISA.
For more information on the changes please read the following fact sheet: NISA Fact Sheet
These changes will be introduced into ATEB suitability this evening, ready for use tomorrow morning.
There is no action required on your behalf and all your Favourite templates will be automatically updated.
Should you have any questions or queries please do not hesitate to get in touch.
Consumer Duty: It’s a matter of Principle
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Apologies for the Consumer Duty overload but unless you’re taking a regulatory sabbatical, this is very much a hot topic. There are in excess of 50 FCA Handbooks (rules and guidance). You cannot be expected to be conversant with all of them, but you should have a good handle on the key ones, such […]