Steven Cameron

Pension professionals have welcomed the government's decision to keep the lifetime ISA (LISA) simple after a bill containing details of the saving vehicle was published.

The Treasury is seeking views on whether to allow defined contribution (DC) members to access their pensions before retirement to pay for financial advice.

The "superficial attractions" of the lifetime ISA (LISA) will "destroy pensions", former pensions minister Baroness Ros Altmann has warned.

Everyone should be offered the option to draw their state pension earlier than the default age at reduced cost, according to Aegon.