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Written question asked by Andrew Bingham (Conservative) on Thursday, 30 March 2017, in the House of Commons. It was due for an answer on Tuesday, 18 April 2017. It was answered by Jane Ellison (Conservative) on Monday, 24 April 2017 on behalf of the Treasury.


Individual Savings Accounts

Question

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.

Answer

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.


Secondary information

Type
Written question
Reference
70200
Session
2016-17
Subjects
Individual savings accounts
Contains statistics
Yes
Link
View this Written question on www.parliament.uk