Wealth management technology firm JHC Systems has hit out at providers wanting to delay the launch of the government's Lifetime ISA, saying they should not be using functionality "as an excuse".
JHC Systems, which owns the FIGARO system for wealth managers, said providers were hiding behind a perceived lack of clarity on LISA functionality when they should start working on their back office systems instead. Product manager Andrew Watson said there was enough information available on the government's new saving product to allow providers to build it. Providers such as Standard Life recently claimed they would not be able to offer LISA from next April - the government's intended launch date - as the final rules surrounding it were not clear. Standard Life had said: "As we wa...
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