A healthier future for Tessa holders

Peter Shipp discusses the options available to investors with Tessas wishing to transfer their capital into Isas

Poor Tessa was a frail child. Medical procedures were less advanced in those days and Tessa had to be kept in isolation for a full five years away from those infectious germs that would have been her downfall had she been allowed out. If she did escape, she would certainly have fallen victim to at least one of those ailments waiting to sap her strength. Fortunately, medical advances allow Tessa's younger cousin Isa to do many of the things that Tessa was prevented from doing in her heyday. The most obvious disadvantage of the old Tessa scheme was that you had to lock your cash savings u...