Lifetime Isas ‘could lead to savers making poor investment choices’, MPs say

Committee says products may not be best use of public money and may have been mis-sold to people on certain benefitsLifetime Isas could lead to savers making poor investment decisions and may not be the best use of public money, a cross-party committee of MPs has said.In a report published on Monday, the Treasury select committee described rules which penalise benefit claimants as “nonsensical” and concluded that lifetime Isas, known as Lisas, may have been mis-sold to savers eligible for universal credit or housing benefit. Continue reading...

Comments

Business News

UK sailors convinced the Royal Navy to get a computer room on its newest aircraft carrier for esports and video games

insider

Comments

Similar News

Lifetime Isas may need to carry warnings for some savers – Treasury Committee

Lifetime ISAs leave some with less money than they put in

Universal Credit claimants warned over Lifetime ISA mistake as MPs push for reform

Last chance to snap up Virgin Holiday deals on 'once in a lifetime' trips to Mexico

'Super well made' necklace so hard to break it's got a lifetime warranty for under £50

Why am I being unfairly penalised over 25% pension tax-free cash after lifetime allowance abolition? STEVE WEBB replies

Gavin Newsom And Jay Pritzker Offering Red States The Deal Of Lifetime

Olympic Gymnastics Coach Receives Lifetime Ban For Abuse

Business News

UK sailors convinced the Royal Navy to get a computer room on its newest aircraft carrier for esports and video games

Households urged to send in meter readings ahead of energy price cap drop

Horror Thriller ‘Bring Her Back’ New On Streaming This Week, Report Says

5 Key Steps For The One Big Beautiful Bill To Become A Tax Law

Households urged to send in meter readings ahead of energy price cap drop

How Paris Continues To Conquer Olympics Fans A Year After The Games

A Look Inside Baltusrol Golf Club’s $23 Million Course Restoration

More people could get help to navigate their financial lives, says regulator

22% of homes on market ‘have been sitting there for over six months’

Treasury Committee slams ‘nonsensical’ ISA that could affect Universal Credit

Why Wigan, Blackburn and Falkirk are the new house price hotspots

'It's always a bit surreal': The co-CEOs of Din Tai Fung told BI what it's like running a dumpling empire as brothers

At 26, I landed my dream publishing job in New York City. I turned it down and moved to Taipei instead

22% of homes on market ‘have been sitting there for over six months’

Lecturers to be consulted on industrial action following ‘derisory’ pay offer

Industrial firms to face £685m property tax hit after energy support pledge

Women’s Euros forecast to boost UK economy with pubs hoping to serve more pints

Energy sector set to discuss how National Grid can meet AI demand

Good with money: Children ‘earning biggest cash payments for behaving well’

Children’s sporting activities cost parents £443 on average a year, survey finds

Gallagher brothers on special edition Big Issue covers ahead of Oasis shows

Tips for families heading abroad for summer holidays to save money

More people could get help to navigate their financial lives, says regulator

Lifetime Isas may need to carry warnings for some savers – Treasury Committee

How To Get Hired At Deloitte: 3 Insider Tips From The Head Of Talent

Today’s ‘Wordle’ #1472 Hints, Clues And Answer For Monday, June 30th

The global environmental award hit by accusations of greenwashing

Boeing's 787 Dreamliner was deemed the 'safest' of planes. The whistleblowers were always less sure

Lifetime ISAs leave some with less money than they put in

Universal Credit claimants warned over Lifetime ISA mistake as MPs push for reform

Pinterest taking over 13th floor at 11 Madison Ave.

Trader Joe’s opens new location in Los Angeles — directly across the street from another Trader Joe’s

These are the most sought-after workers in the UK right now

Elon Musk calls Trump's spending bill 'utterly insane' as Senate gears up for a vote

Dana White Tells ‘Wacky’ Former BMF Champ To Consider Retirement

30 Songs That Defined Ozzy Osbourne’s Career

Partners And Politics Fuel Willy Chavarria’s Growing Brand At PFW

Rick Springfield, Wang Chung, Excite As ‘I Want My 80s’ Tour Continues

This Athlete’s Reward For A Silver Medal At The Olympics? His Sponsor Dropped Him

Why The Utah Jazz Are Trading Collin Sexton

The Passing Of Fred Smith And A Tale Of Two Companies

Alexandre Pantoja Opens As Betting Favorite Over Joshua Van

Bayern Munich Eliminates Flamengo From The FIFA 2025 Club World Cup

IndyCar’s Nolan Siegel Looks To Improve With New Race Boss Kyle Moyer

Rosé Matches Jimin’s Record — And She’s Likely About To Beat Him

Milwaukee Bucks Lock In Bobby Portis On Team-Friendly Deal

Summer In A Bottle

Harry Kane Brace Helps Bayern Munich Beat Flamengo At Club World Cup

Trump says he has 'a group of very wealthy people' to buy TikTok

World economy faces ‘pivotal moment,’ central bank body BIS says

ALEX BRUMMER: 'Genius Act' in US compared to Free Banking Era

Airbnb boosted as Liam and Noel embark on Oasis reunion tour

Investors to grill M&S chiefs over crippling cyber strike

Blow to City as Initial Public Offerings at new low

Tariffs on fireworks may impact the 4th of July

Indiana Pacers Free Agency Primer: Why Big Men And Money Are At Center

Apple gets much-needed win as 'F1' speeds to big opening weekend

Today’s NYT Strands Puzzle: Hints, Spangram And Answers For Monday, June 30th

FC Barcelona Officially Announces Transfer Before June 30

Enzo Maresca Says The United States Is ‘Not The Right Place’ To Host FIFA Competitions