Chancellor to unveil proposals to overhaul ISA regime - reports

Consultation on major reforms

Chancellor Jeremy Hunt is reportedly planning to introduce sweeping proposals to reform the Individual Savings Accounts regime, in a bid to boost share ownership and economic growth.

According to a report by the FT, Hunt is set to unveil an ISA reform roadmap in his Autumn Statement on Wednesday (22 November), which will outline plans to change the rules around fractional shares and long-term asset funds. Senior officials told the newspaper that the chancellor will also introduce proposals to launch an online platform that will allow savers to pay into multiple accounts every year, as opposed to just being able to only pay into one of each type of ISA. Chancellor Hunt weighs allowing ISAs to hold fractional shares - reports According to two people familiar with...