Will the Lifetime ISA go down in history as the Trojan horse of pensions?

Just when you think George Osborne cannot surprise you anymore he does. The Chancellor's announcement that a Lifetime ISA (LISA) would be available from April 2017 has raised eyebrows. It targets those under 40 who will be able to save up to £4,000 a year into a tax-free ISA, and for every £4 deposited the government will add a further £1. This will be available until savers are 50-years-old. Osborne claims it is an original way for the next generation to save. However, it has not garnered universal support and some people even think it is a first step to reforming tax relief wholesal...