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Reforms that raise the exchange of ISA accounts to transfer more money to the stock market in Britain will not be announced in the spring statement this month, but officials said that the advisor is still considering changes.

Rachel Reeves It is said by colleagues to be determined to keep incentives in the ISA system to obtain tax savings exempt, but they are also looking for possible changes to ensure that investors have a “right balance between cash and shares.”

Emma Reynolds, Minister of City, discussed this week the possible reforms with the executives of financial services, and there is increasing speculation that Reeves could announce her decision in her spring statement on March 26.

Reeves is keen to reduce these speculation, but the governmental informed say the changes are under consideration. The consultant explained that large financial decisions, such as ISAS reform, should wait for the full autumn budget.

One official said: “We are not looking at any changes on ISAS in the spring statement. We are aware of the scope of views about the current ISA system and we want to ensure the right balance between cash and shares.

They said: “We want to continue to support cash savings while earning better returns for the drivers, which enhances the culture of retail investment and support the task of growth.”

Financial times open In January, the lobby groups and the city’s executives urged the advisor to think about setting the amount that could be kept in cash exempt.

The disposal of independent cash ISA will represent the largest reform of the savings markets, as tax -exempt products were launched in 1999.

The cash product allows the two decorations to obtain a tax -exempt benefit on up to 20,000 pounds annually, which is the most popular in ISAS in the United Kingdom. Investigative studies show that many Britons prefer to keep cash instead of investing in the stock market because they consider it safer.

Reynolds told City numbers that cash detectors are still playing a major role in playing, but the discussion revolves around the square tilt on whether some money can be transferred in the market of 300 billion pounds to stock.

Tell Fidelity International FT last month, which ISA proposed in cash and contributes to a minimum of 4000 pounds in cash. But the Isa market reform will require changes to the UK tax system.

London also hosts a special round of a round table for the leaders of the financial services industry the next day to show the spring on the theme of ISA reform, according to a FT document.

Senior CEOs of the largest asset manager in the world, Black Rock, Barclays, the investment site, Harrev Lansdoun, and the National Romans to attend, were invited, according to a person familiar with the plans.

The document said that the round table, which will focus on reforming the ISA framework “, will explore the potential policy options to encourage the shift from cash to stocks and share investment when it is in the interest of the cities.”

He added that the discussion “will take into account whether investment in stocks in the UK in these reforms can be encouraged, adding that the opinions of the participants will help forming recommendations that ensure that the ISA framework” is still suitable for the purpose “for Saves and the broader economy.

Senior executives of asset managers, investment sites and investment banks urged the advisor to “simplify” the market, and warned that the presence of many ISA products confuses people and may prevent them from investing.

Some executives urged the government to create one ISA for both cash and shares, with the aim of facilitating the switch between the two.

“Recently, there have been suggestions to cancel Cash ISA,” said John Cleranen, President of Vangard for Eurobe, for FT.

“We believe that the gradual reduction in the cash tax allowance will be a better approach. In addition to entering the ISA cash and investments, people can help save a rainy day, and most importantly, investing to reach their long -term financial goals.”