Gosling's Grouse: Generation (ta)X

It seems like Martin Wheatley's leaving present to the industry is an attempt to tackle the cash deposit market and easier transfers of cash ISAs.

The former FCA chief executive bemoaned the fact his job is unfinished – well, here is a good example of why he will soon be looking for a new job. Interest rates have been at 0.5% for over six years now, and though they will not be at 0.5% in five years' time, they are going to move up sooner rather than later. This means the regulator has had six years to realise the cash market is confusing and difficult to understand if you are not very interested or financially literate. As commendable as it is to send savers text messages or phone calls to let them know when a 'teaser' rate is e...