New Isa rules halt Barclays Wealth Guaranteed FTSE Account


Changes in the rules governing UK Individual Savings Accounts (Isas), which come into effect from April 6, have compelled Barclays Wealth to discontinue its tax-free, six-year Guaranteed FTSE Account on April 4. The new rules state that Isa savers will be able to transfer money saved in their cash Isa into their stocks and shares Isa.

While the account is still useful for advisers who want to retain cash Isa flexibility, the new rules render the equity-based product superfluous in the cash space.

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