The account is an equity-linked deposit tracking the FTSE 100 index and provides a 20% minimum return if held until maturity, as well as the potential to receive a stepped bonus of up to 22.5%. However, the new Isa rules render the account unsuitable.
The new rules, which come into force on April 6, state that Isa savers will be able to transfer money saved in their cash Isa into their stocks and shares Isa. The product is still useful for advisors who want to retain cash Isa flexibility as i
The week on Risk.net, July 7-13, 2018Receive this by email