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Sipp inflows for last year grew by 10.9%, new analysis has shown.
Despite not getting top billing in yesterday’s Budget – unlike the bombshell announcements of 2014 – pensions did still feature.
The Lifetime ISA has been attacked as a ‘gimmick’ and a ‘competitor’ to pensions - less than two hours after it was revealed.
The new Lifetime ISA could be used for “other specific life events” apart from buying a first home and for retirement.
Radical changes to ISAs have been announced as one of the major headlines in the Budget today.