Moneybox profit slides as wealth manager bets on ‘high levels of automation’ Fintech Moneybox saw its profit slide by nearly a quarter in the last year as the wealth manager invested “heavily” in new technology and bet on “high levels of automation”. The London-based fintech notched its third consecutive year of profitability but faced a 23 per cent drop in its pre-tax takings at £14.9m by the end [...]
The London LISA problem Personal Finance ISAs are set for a starring role in next week’s Budget as Chancellor Rachel Reeves searches for ways to kickstart economic growth. The Treasury is reportedly mulling a slash to the cash ISA ceiling from £20,000 to £10,000 to stop Brits hoarding cash, and encourage investment into domestic stocks. Dividends are also potentially in the [...]
Lifetime ISA hands £1bn boost to Treasury coffers amid debate over purpose Personal Finance The Lifetime ISA has provided the Treasury with a significant fiscal boost each year since 2021, despite the government continuing to question whether it is ultimately fit for purpose. According to research from CBI Economics, commissioned by Moneybox, the Lifetime ISA (LISA) has delivered a net boost of £1bn to date for the government since [...]
A new LISA life: why the lifetime ISA needs reform July 18, 2025 While the Treasury Committee has criticised the Lifetime ISA (LISA) as poor value for money, helping young people get on the housing ladder remains a worthwhile goal, says Oliver Dean The Treasury Committee has raised valid concerns about the Lifetime ISA’s (LISA) value for money, concluding that in its current form the scheme is not [...]