Ed Balls has been giving some more details of the forthcoming changes to ISA's and PEP's in a speech today
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- see paragraphs 23-28) The big change announced today seems to be:"Individuals with funds saved in the cash component of ISAs from previous years will be able to transfer those funds into the stocks & shares component without affecting their annual investment limit. By removing this restriction, our aim is to further promote share ownership by encouraging savers to diversify their assets and benefit from the potentially higher returns offered by stocks and shares over the long run."
Press coverage at
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and
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Regards Sunil