Chancellor Jeremy Hunt has revealed the government will simplify the Individual Savings Account regime to make it easier for consumers to invest.
The simplification will include the expansion of investment opportunities available in ISAs, which will include long-term asset funds and open-ended property funds "with extended notice periods". FCA scraps plans to exclude retail LTAF from FSCS cover LTAFs will be "brought into the scope of Innovative Finance ISAs from April 2024", according to the Autumn Statement, alongside open-ended property funds with extended notice periods, the first mention of this change to property vehicles in official documents. Fractional shares contracts will also be available for purchase through ISA...
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