Treasury alerts IFAs to difference between Pep and Isa regulations

The Treasury was warning advisers that maxi Isa regular savers would void their equity investment if...

The Treasury was warning advisers that maxi Isa regular savers would void their equity investment if they took out a mini-cash Isa before their first payment for stocks and shares was processed. Isa regulations stipulated that an Isa would not become active until the first payment had been made, unlike Peps, where the plan simply had to be opened.