The government's new Lifetime ISA (LISA) is a direct attack on the UK pensions industry, according to members of the Association of Member-Directed Pension Schemes (AMPS).
LISA, announced in Chancellor George Osborne's Budget in March, will allow 18 to 40-year-olds save up to £4,000 a year tax-free from next April. They can then benefit from a 25% top-up by the government...
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