Millennial Money: 'If the LISA dies a quick death I'd be OK with that'

When asked about the merits of the savings wrapper, the former pensions minister describes it as a confused product because it tries to support both long and short-term investment tactics in its bid to help savers work towards buying a house and save for retirement. "What is the right investment strategy for a product that is both long-term and short-term?" he muses. "To be honest, if it were to die a quick death, I wouldn't be too sad about it." The LISA allows those aged between 18 and 50 to save up to £4,000 a year towards a pension or a first home tax-free, with the promise of a 2...