IA comment on anti-circumvention rules in the new ISA regime
Commenting on HM Treasury's anti-circumvention rules in the new ISA regime, Jonathan Lipkin, Director, Policy, Strategy and Innovation at the Investment Association, said:
"ISAs remain one of the UK’s most important tools for building long‑term financial resilience, helping millions of people to save and invest.
"We very much welcome HM Treasury’s continued focus on the importance of encouraging more people to consider whether investment might be right for them and we appreciate constructive engagement on the new ISA regime.
"Ensuring that safeguards against misuse are effective without creating friction is inherently challenging, and we welcome the proposed approach that helps to ensure that Money Market Funds continue to be part of the way that investors and their advisers can diversify and manage risk."
For further information, please contact:
Helen Ayres, Head of Communications: [email protected]
T: +44 (0)20 7269 4620
Sebastian Merrett, Communications Manager: [email protected]
T: +44 7802 449693
IA Press Office: [email protected]
About the Investment Association (IA):
- The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £10.0 trillion of assets.
- Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
- Our purpose is to ensure investment managers are in the best possible position to:
- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world after the US, and manages £5.1 trillion in overseas client AUM.
