The government has decided to drop the 5% withdrawal penalty charge on the Lifetime ISA (LISA) for savers exiting the scheme in its first year.
From the RDR and the Financial Advice Market Review (FAMR) to pension freedom, the ability of consumers to access some form of financial advice has been a big focus for both the government and the regulator.
Treasury, PRA and FSA background
John Kingman becomes group chairman in October
Why an ‘ought' or a ‘should' is so important
£500 of pension savings tax-free to fund advice