Individual Savings Accounts

HM Treasury written question – answered on 24th April 2017.

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Photo of Andrew Bingham Andrew Bingham Conservative, High Peak

To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of financial providers that will be offering the Lifetime ISA, as announced in Budget 2016, on the launch date of 6 April 2017.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

At launch, there were five providers offering the Lifetime ISA. Other providers have announced their intention to offer the Lifetime ISA, including the first cash provider.

The Government anticipates that the market will continue to grow over the course of the year as providers put their systems in place and develop their products.

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