News Analysis: IMA releases pre-Budget submission

The IMA is calling for Peps to be reclassified as equity Isas and the maxi and mini regime to be abo...

The IMA is calling for Peps to be reclassified as equity Isas and the maxi and mini regime to be abolished, as the Government determines the Isa’s future. As part of the association’s pre-Budget submission to the Chancellor, it also urged the Government to commit to the Isa brand for the longer term to provide stability for investors and providers. Originally touted in 1996, the wrapper was given a ten-year lifespan, with its future to be examined in 2006. To improve the current system, the IMA believes the Government should remove the distinction between mini and maxi Isas, claiming ...