The majority (84%) of financial advisers questioned in a survey believe Individual Savings Accounts (ISAs) have become “too complicated.”

The Personal Finance Society (PFS) has urged product providers, financial advisers and the FCA to ensure Innovative Finance ISAs are designed and promoted in a way that “will not exploit known behavioural biases”.

Andy Bell, chief executive of AJ Bell, has written to Sajid Javid, the new Chancellor of the Exchequer, calling on him to “radically simplify” the rules around ISAs.

Foster Denovo has launched its own investment platform for advisers alongside a new range of Dynamic Portfolios (DPs).