Regulator’s Lisa rules highlight pension risk warnings
The Financial Conduct Authority has published the regulatory framework for the Lifetime Isa, less than a month before the product is due to be launched.
The FCA provisional rules, published in November, remained largely unchanged in the final guidelines, with just a handful of key modifications, most significantly to risk warnings.
No change was made to the FCA’s decision to allow the Lifetime Isa to be sold without advice.
The final rules come almost a year after former chancellor George Osborne announced the Lifetime Isa, or Lisa, in his final budget.
Full Content: Financial Times
