From the ridiculous to the sublime, a sensible regulatory suggestion. Many of the compensation payments we collectively have to fund are for poor souls who’ve decided to invest in Guatemalan Ostrich Farms or Scottish Spaghetti Plantations, offering fantastic guaranteed tax-free returns and paying huge commissions to ‘advisers’. Needless to say, this type of investment is unregulated. We’ve said for years that, surely, ‘caveat emptor’ has to apply to this sort of stuff. And maybe someone’s listening; though well after many horses have bolted.
“Platforms call for UK government to resist launching ‘retrograde’ British ISAs”
There is a school of thought which might say that, should you wish to revive and encourage investment in the UK Stockmarket, a starting point might be the reversal of Brexit.
