Lifetime Isa chaos: Fees could leave savers £60k worse off than pensions
The Government’s Lifetime Isa scheme is in chaos as not a single high street bank is offering the accounts, amid fears it could result in a mis-selling scandal.
Despite officially launching on April 6 just three providers have agreed to offer the accounts, one of which was last night accused of ripping off savers by charging “disturbingly” high fees.
Daily Telegraph calculations reveal that the Share Centre’s Lifetime Isa will leave savers as much as £60,000 worse off than they would be if they save the same amount into a company pension over the course of 30 years.
Full Content: Telegraph
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