Osborne's ISA Changes Boon for U.K. Wealth Mangers and Insurers

  • Tax-Free ISA allowance raised to 20,000 pounds in budget
  • Shares of St James's Place, Standard Life rally in London

Chancellor of the Exchequer George Osborne provided a boost to British wealth managers and insurers by announcing plans in his budget to once again raise the tax-free allowance on individual saving accounts.

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