Any one of us may have to request a power of attorney at some point in our lives, for any number of reasons. But one thing that should be consistent is the way in which financial institutions deal with the requests, so that the process is as simple as possible for the consumer.
This month, the first cohort of child trust fund recipients turn 16. This means that until their 18th birthday, when they can access the cash that they have accrued, they will have a unique opportunity to manage their own fund. These funds may have started at just £250, but in some cases are now worth up to £1,600.
Carol Knight of Tisa believes Lifetime Isas will work well for those who currently find it hard to save – but they could work better for consumers.
On the face of it the Lifetime Isa seems a pretty generous scheme, but Tisa's Carol Knight says there is still cause for concern.
The concept of the 'digital identity' will revolutionise the financial services landscape and empower customers, says Carol Knight at Tisa.
This article is from 2016. Explore the latest on Isas here.
The Individual Savings Account (Isa) is a modern-day savings success story. Since its introduction in 1999, the total market value of adult Isa holdings has grown to an impressive £483 billion, while in the 2014-15 tax year alone around 13 million Isas received a subscription to the tune of £79 billion.