HMRC has confirmed that the building of the regulatory framework continues despite the political instability following Brexit.

HMRC confirmed they are on track for the birth of the newest ISA baby, LISA (lifetime ISA), for April 2017 and called for continuing input to its currently open consultation through the summer.

Current insight suggests that LISA will be used as an additional pension saving vehicle alongside traditional pensions rather that competing with them and instead of being used to save for a first home.

However, often the public don't do what is expected of them and so it will be interesting to look back in 2017/18 to see what practices do emerge once this product is launched.