You may have seen significant coverage given to the Which? ISA survey, in which they assessed the knowledge of bank ‘financial advisers’ on the rules surrounding cash ISAs. This was done using a small sample of 104, however does exhibit that the level of knowledge appears to be low, or alternatively the banks are using misleading data to stop customers from switching their ISAs. In the survey, just 3 outside of 104 bank advisers questioned gave fair answers to all 4 straightforward questions.
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May 12, 2011
Investment Management – ISA Transfer Survey
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