What happens if the IFISA manager stops operating?
To protect your tax benefits, should the ISA manager stop operating, any IFISA holdings will need to be transferred to a new ISA manager.
There is no guarantee that you will be able to transfer your ISA holdings to another ISA provider if any of the parties involved in the arrangement enters a wind down. Such transfers may involve costs to the investor. Returns (both capital and interest) may also be adversely impacted.
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