Not too late for government to rethink LISA - Steve Webb

The former pension minister said the Treasury's announcement on 13 December that the LISA's exit charge would be dropped in its first year (2017/18) was a further sign the product had not been properly thought through. Webb (pictured) added: "The new product, which is a complex hybrid between a pension and an ISA, is due to be implemented in just a few months' time, and yet the government is still making up the rules as it goes along." He warned that having one set of rules on withdrawals for the coming year, then also switching from annual government top-ups that year to monthly ones...