The idea of a Pension ISA is “superficially attractive” and should be confined to the Chancellor’s dustbin, an ABI director says.

The death of the private pension may have begun, a chief executive believes, as figures released this morning suggested wealthy investors have been ‘shunning’ them in favour of equity ISAs.

The FCA has time this morning published the lowest interest rates offered by 32 providers of easy access cash savings accounts and easy access cash ISAs for the first time.

A new crowdfunding based ‘Innovative Finance ISA’ is ‘alarming’ and ‘muddies the waters’, the chief executive of an investment firm says.