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

Savers put £11.7bn into cash ISAs in April, the best ever month for cash ISA savings since they were introduced back in 1999.

The 2024 ISA season was a ‘damp squib’ with several platforms recording net ISA outflows, according to a new report from consultancy Fundscape.

ISA withdrawals from adviser platforms rose 42.8% year-on-year in 2023 as the cost of living crisis started to bite, according to a new report.