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CIS urges the Government to increase life assurance Isa limit


Co-Operative Insurance Society is urging the Government to increase the amount of cash allowed to be invested in insurance Isas to £5,000 from £1,000.


The society says increasing the investment limit to £5,000 to match the limit for stocks and shares Isas will help boost insurance Isa sales and provide greater scope for the product to be made more competitive.


It says that insurance Isas are in danger of being treated as the &#39Cinderella&#39 component of Isas because the maximum that can be invested is £1,000 compared to £3,000 in cash Isas and £5,000 in stocks and shares Isas.



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