Savers who take up the new Lifetime ISA should escape a penalty for withdrawing their money early if they have been made redundant or face dealing with critical illness.

TISA, the financial services association, has confirmed plans to help the industry meet the challenge set out in the Financial Advice Market Review final report and in the Budget to make the pensions dashboard a reality.

TISA, the tax-incentivised savings association, is warning that moves towards a pension Isa would be counter-productive as it would destabilise workplace pension saving without offering a superior outcome for savers and would also result in limited future tax revenues. Read more...