§ Mr. LoughtonTo ask the Chancellor of the Exchequer (1) what research he has commissioned to gauge the take-up of ISAs among new investors; [R] [89321]
(2) how many investors have so far taken out mini or maxi ISA schemes who previously did not have (a) PEPs or (b) TESSAs. [R] [89702]
§ Ms Hewitt[holding answers 1 and 5 July 1999]: Information on the extent to which ISA investors hold PEPs or TESSAs will be identifiable from the annual returns provided to the Inland Revenue by PEP and ISA managers and TESSA operators after the end of each year.
We keep all aspects of tax policy under review, and commission research where necessary to supplement available data. For example, HM Treasury has commissioned ongoing research on the ISA market from McKinsey & Company, Inc., which will collect data from providers on take-up of ISAs by component, broken down between those accounts meeting the CAT standards and those not.