Nearly a third of under-40s will cut back on pension saving and instead put money into the Lifetime ISA (LISA), which launched last month, according to research from MetLife.
Almost a quarter (23%) of under 40s said they would reduce the amount they were investing in their pension, while roughly one in 10 (9%) said they actually planned to leave their workplace pension scheme to concentrate on saving into their LISA. The survey, which canvassed the views of 1,071 employed adults aged 18 and over during February 2017, also found one in five (21%) members of the same demographic admitting they had not heard of the savings product. Separate research from MetLife, meanwhile, found more than two-thirds (69%) of advisers are concerned the launch of the LISA coul...
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