MPs call for abolition of LISA just 16 months after launch

clock • 3 min read

The Treasury Committee has called upon the government to abolish the lifetime ISA (LISA) just 16 months after it was first made available, after receiving persistently negative feedback on the product.

In its latest report, Household finances: income, saving and debt, the Treasury Committee recommended the government abolish the savings product. Published on Thursday, the report said: "This in...

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

More on Law and Regulation

FCA transfer proposals 'a big step forward' for savers

FCA transfer proposals 'a big step forward' for savers

But People’s Pension disappointed FCA did not recommend a ban on transfer incentives

Jonathan Stapleton
clock 12 December 2025 • 3 min read
How the LGPS is adapting to 'Fit for the Future' rules on principal investment advice

How the LGPS is adapting to 'Fit for the Future' rules on principal investment advice

The far-reaching implications for pools, partner funds and investment advisors

Charlotte Moore
clock 10 December 2025 • 8 min read
TPR publishes intervention report on Northern Foods Pension Scheme

TPR publishes intervention report on Northern Foods Pension Scheme

Package includes sponsor swap and £300m of contributions paid into scheme

Jonathan Stapleton
clock 04 December 2025 • 2 min read
Trustpilot