UK Finance response to HM Treasury individual savings account

We welcome the opportunity to respond to the HM Treasury (‘HMT’) consultation ‘Individual Savings Account: UK ISA Consultation’.

Thriving capital markets are vitally important to the UK’s economy and UK Finance members are strongly supportive of measures to enhance them. For this reason, UK Finance commissioned and published a report in 2023 to obtain insights on the health of the UK capital markets. A key message of that report was the need for a market that works not only for sophisticated investors and corporates, but for everyone. An increase in widespread retail investor participation would be positive to UK citizens and the UK economy.