Pima calls for easier switches between Isas

pre-budget report

Pima is lobbying the Government to allow easier switching between the cash and stocks and shares Isa...

Pima is lobbying the Government to allow easier switching between the cash and stocks and shares Isa components. As announced in last week's Pre-Budget Report, the number of components will fall to two from 2005, namely stocks and shares, when the third insurance element will become part of the latter. Under current regulations, if a maxi-Isa investor puts the £3,000 cash limit and the remaining £4,000 in stocks and shares, that allocation is set for the life of the product. Pima is looking to the Government to introduce more of a lifestyling approach to Isas, where investors can move mor...