Adrian Boulding: Building Societies set to embrace cash LISA

Inertia v engagement

clock • 7 min read

Adrian Boulding explains why he is becoming increasingly convinced there is room for both pensions and the new Lifetime ISA to flourish in the long-term savings market

This year will see a steady ramping up of the numbers of providers offering a Lifetime ISA (LISA) - and that goes for the Cash LISA too, to complement the stocks and shares LISAs that were available on the launch date of 6 April 2017. Tuesday saw Skipton Building Society win the race to produce the first cash LISA, but it certainly will not be the last as traditional mortgage providers will want to offer this product to prospective first-time buyers saving up for deposits. It is as near a dead cert as you can get that the cash LISA for first-time buyers will do well. It follows the su...

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