What is the cancellation period for other products, including ISAs?

The cancellation period for most financial products, including Individual Savings Accounts (ISAs) in the UK, is set at 14 calendar days. This means that customers have a two-week window from the date they receive their contract or any relevant documents to cancel the product if they choose to do so. This right to cancel is part of the regulatory framework intended to protect consumers, giving them the opportunity to review their decisions and ensure that the product meets their needs and expectations without incurring any charges or penalties for cancellation within that specified timeframe.

In the context of ISAs, this cancellation policy allows individuals to reconsider their investment choices without the worry of being locked into a commitment they might later regret. It reflects the importance placed on consumer rights and informed financial decision-making in the UK's regulatory environment.