Savers to be warned about risks of Lifetime Isas

Savers to be warned about risks of Lifetime Isas
 

A UK financial regulator says the new Lifetime Individual Savings Accounts (Lisas) should carry risk warnings.
Lisas are due to launch in April 2017, with the promise of big bonuses for those who use the money to save for a home or retirement.
But the Financial Conduct Authority (FCA) said people buying them should know that they are not risk-free.
The FCA said some consumers may not understand the difference between a Lisa saving and saving in a pension.
Others may not appreciate the impact of the early exit charges, it said.
The FCA also said that providers should offer cancellation... read more

 
16 November 2016 in Business, Views: 40
Source: BBC
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