Cash ISA subscriptions rose by 67% to £69.5bn in the 2023/24 tax year, according to new figures released today by HMRC.
Lifetime ISAs may be diverting people away from more suitable products and putting part of their savings at risk, MPs have warned.
The Treasury Committee has launched a review into the future of the Lifetime ISA.
Adviser investment platform Fundment has launched a cash ISA and cash lifetime ISA backed by a fully digital cash investment system.