Further changes to the way individual savings accounts (Isas) operate should be made to make them even more attractive to consumers, it has been claimed.
David Dalton-Brown, head of Fidelity FundsNetwork, explained that while the changes set to be introduced to Isa legislation from April are to be welcomed, the government should do more.
He said: "The annual Isa allowance falls far short of what we believe it should be - either an increased limit to £10,000 or some commitment from the government that the limit will increase on an annual basis."
People should also be allowed to transfer holdings from a stocks and shares Isa to a cash Isa and not just the other way around, Mr Dalton-Brown added.
Last week, figures published by Nationwide revealed that 62 per cent of people do not have an Isa.
Of those who did not have an Isa, half of respondents to their survey said that do not have enough spare cash to invest in one.
Call for further Isa changes
Call for further Isa changes
Tue, 25 Mar 2008
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