Talking at a Home of Lords Monetary Companies Regulation Committee listening to immediately (5 February), Reynolds famous that buyers presently maintain “tons of of billions of kilos” in Money ISAs, and argued that the broadly held notion that money is an effective funding must be overturned.
In line with the latest figures from HM Income & Customs, within the 2022-23 monetary 12 months, £71.6bn was subscribed to grownup ISAs, with the overwhelming majority (round £40bn) in Money ISAs.
Permitting folks to speculate their cash “is a part of client safety”, she mentioned, whereas being quizzed concerning the regulators’…
