Financial services CEOs call for ISA 'reform' at Autumn Statement

Letter to The Times

A group of fund management and financial services bosses have written an open letter to Chancellor Jeremy Hunt calling for an ISA “reform” at next week’s Autumn Statement.

In a letter in The Times newspaper, the signatures included John Ions, CEO of Liontrust Asset Management, Judith MacKenzie, chair of the Quoted Companies Alliance, Benjamin Davis, CEO of Octopus Investments, Mike O'Shea, CEO of Premier Miton Investors, and Sharon Bentley-Hamlyn, fund manager at Aubrey Capital Management. The group called on Hunt to tackle the "downward spiral of investment and lower valuations" which they said "has taken hold" in the UK, "resulting in companies being taken private and looking to international markets, stifling growth and affecting the tax revenues crucia...