Novacyt and ISA12 Apr 2020 14:49
I see several members have been posting regarding ISAs. I have been trading for several years and from bitter experience I no longer add my yearly allowance to my current ISA provider. Although ISAs are said to be ringfenced up to £85000 if the company fails, the problem is how long one has to wait until receipt of this money. I had an ISA with SVS which collapsed about 8 months ago. The liquidators have so far not transfered my ISA shares to a new provider. So if you need money in a hurry it is best, in my opinion, to spread your ISAs with several providers. No ISA provider is fail safe!!
Would welcome comments.