Ros Altmann: LISA is 'fudge dreamed up in last days of pension tax consultation'

Speaking to Professional Adviser after featuring on a LISA roundtable edition of Adviser Champions, the pensions expert (pictured) voiced concern about the savings product and criticised the Treasury for creating it. "My fear is that this is the death-knell for pensions if it really does take off and if people misunderstand the benefits of pensions and assume this is somehow a better product," said Altmann. She said LISA was an alternative to turning pensions into ISAs, which was the government's original plan during its consultation on pension tax relief in 2015. Then Chancellor G...