Government 'putting barriers in the way' to advice for LISA savers

James Phillips
clock • 2 min read

The government has been urged to allow Lifetime ISA (LISA) savers to use their pots to pay for financial advice, putting the product on par with pensions and other ISAs.

The LISA, which launches to the public on 6 April, currently classifies adviser charge as a chargeable withdrawal, meaning savers will incur a 25% penalty if they access their savings for this reas...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

Government to reconsider rejection of Waspi compensation

Government to reconsider rejection of Waspi compensation

But it says rethink does not guarantee that financial redress will be awarded

Jonathan Stapleton
clock 12 November 2025 • 3 min read
Rachel Reeves looking to cap salary sacrifice contributions to £2,000 in Autumn budget

Rachel Reeves looking to cap salary sacrifice contributions to £2,000 in Autumn budget

Reports say chancellor has also decided against cutting pension lump-sum withdrawals

Jonathan Stapleton
clock 10 November 2025 • 3 min read
Master trust authorisation six years on: What has changed and what's to come?

Master trust authorisation six years on: What has changed and what's to come?

Industry says regime has set a strong foundation but there is ‘room to evolve’

Holly Roach
clock 06 November 2025 • 8 min read
Trustpilot