Newcastle confirms Lifetime ISA launch

Newcastle says the move will bring additional competition to the Lifetime ISA market, joining Skipton and Nottingham.

Last week, the government confirmed its commitment to the Lifetime ISA, rejecting the Treasury Committee’s recommendation that the product should be abolished.

Phil Grand, managing director of Newcastle Strategic Solutions, said: “We’re committed to the continuous improvement of our platform proposition. A number of developments have recently been announced to enhance our agile savings platform, ensuring we offer the best possible customer experience for savers.

“Providing our clients with the option of a Lifetime ISA via our platform will enable them to access a broader range of products and build relationships with a wider range of customers.”