Govt faces backlash if LISA is scrapped - AJ Bell

Senior analyst Tom Selby said the government would cause "uproar" among younger voters if it bows to pressure from MPs on the Treasury Committee to scrap the LISA, a product that can be used by prospective first-time buyers to save for a home. "Nobody is claiming the LISA is perfect, and policymakers need to look at ways to make the transfer process easier to navigate," he said. "The 25% exist penalty also remains a bone of contention and should be reduced so as not to excessively penalise savers."  Laura Suter: Let's tackle Lifetime ISA gremlins In a report published last month,...