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20 January 2011
Hansard, 13 January 2011, vol 521, no 98, col 461W
Around 20 million people have individual savings accounts, said Mark Hoban in the House of Commons.
He confirmed that because the accounts were ‘a trusted brand’, and ‘should be mainstream savings products’, it was not appropriate to allow shares listed on the Alternative Investment Market to be qualifying ISA investments.
This was because such shares ‘can be riskier and less liquid’.
Mr Hoban pointed out that AIM companies can benefit from other schemes, including the enterprise investment scheme and venture capital trusts.
