AJ Bell has launched a stocks and shares Lifetime ISA for clients of financial advisers via its Investcentre platform. 

New research has found that 44% of millennials feel they need financial guidance as they are ‘confused’ about the savings landscape.

Platform provider Transact has launched a Lifetime ISA from today to add to its existing flexible ISAs and JISAs. It is one of a number of providers to launch LISAs although many banks have remained lukewarm on launching their own LISA.

Specific risk warnings about the new Lifetime ISA must be given at the point of sale, the FCA said this morning, as it outlined how it will regulate the product.