This month, the first cohort of child trust fund recipients turn 16. This means that until their 18th birthday, when they can access the cash that they have accrued, they will have a unique opportunity to manage their own fund. These funds may have started at just £250, but in some cases are now worth up to £1,600.
Carol Knight of Tisa believes Lifetime Isas will work well for those who currently find it hard to save – but they could work better for consumers.
On the face of it the Lifetime Isa seems a pretty generous scheme, but Tisa's Carol Knight says there is still cause for concern.
The concept of the 'digital identity' will revolutionise the financial services landscape and empower customers, says Carol Knight at Tisa.
It's easy to see why people are starting to say that the once simple to understand Isa is beginning to look complex, says Tisa's Carol Knight.