Investment platform AJ Bell has written to new Chancellor Rachel Reeves urging the government to merge all the different ISA types to make life easier for investors and unlock £30bn currently sitting in cash ISAs.

Net retail sales of UK funds totalled £2.8bn in April, the highest level since August 2021, according to data published by the Investment Association.

Proposals to introduce a British ISA risk causing more harm than good and damaging the successful ISA brand, according to AJ Bell.

Pension experts have criticised the Conservatives' pledge to raise the tax-free pension allowance via a ‘Triple Lock Plus’ if they win the general election.