ISA regulations unfair, say consumers
Friday, 12 March 2010 10:53AM
ISA regulations unfair, say consumers
Steve Reid, Retail Director for Clydesdale Bank, commented: "Savers and investors clearly feel that they should have the right to make full use of the allowance within their risk profile."
He added that a higher ISA allowance would mean that savvy savers would be able to make the most out of their money, as the stock market is often too risky for some people.
Nationwide Building Society recently found that the new tax year is giving people greater incentive to save to make sure they use their full allowance.
During February, 80% of consumers described themselves as either regular or occasional savers.
Posted by Ruth Bradshaw
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