Source · Select Committees · Treasury Committee
Recommendation 6
6
Accepted
Insufficient data and time hinder assessment of Lifetime ISA suitability for retirement saving.
Conclusion
It is difficult for the Committee, the Treasury and the FCA to determine how the Lifetime ISA is being used for retirement saving across the eligible population without additional data. The Lifetime ISA may not have been in existence for sufficient time to support firm conclusions on its suitability as a retirement savings product. (Conclusion, Paragraph 80)
Government response summary AI-generated
The government states it already collects comprehensive data on LISAs, including published statistics and qualitative research, and has shared further data with the committee, which informs policy decisions and continuous review of the Lifetime ISA.
Government Response
The government responded to this report on 11 September 2025. No passage in that response could be matched to this conclusion. Read the response document ↗