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  • FIRST POST
    • Alexland
    • By Alexland 8th Apr 18, 10:30 PM
    • 3,127Posts
    • 2,462Thanks
    Alexland
    Authorised LISA Managers
    • #1
    • 8th Apr 18, 10:30 PM
    Authorised LISA Managers 8th Apr 18 at 10:30 PM
    Hi,

    I was looking at the April 2018 updated list of authorised ISA Managers to find newly registered providers and noticed that Moneybox are only listed as authorised to offer the S&S ISA and S&S JISAs but not their LISA?

    OneFamily are still running under their old Family Equity Plan registration and are again not registered to offer LISAs? Even their detailed regulatory information page is missing their Lifetime ISA registration details?

    https://www.onefamily.com/regulatory-information/

    In addition to the well known Nutmeg, Share Center, HL, AJ Bell and Skipton products it also identifies that Transact (Integrated Financial Arrangements), Killik & Co and the Metropolitan Police Friendly Society (MetFriendly) are also now authorised to offer LISAs to their selected clients.

    https://www.gov.uk/government/publications/list-of-authorised-isa-managers

    So in total there are 8 LISA providers plus 2 that appear to be selling products without the required registrations?

    Alex.
    Last edited by Alexland; 08-04-2018 at 10:35 PM.
Page 1
    • Brynsam
    • By Brynsam 9th Apr 18, 1:13 AM
    • 1,605 Posts
    • 1,163 Thanks
    Brynsam
    • #2
    • 9th Apr 18, 1:13 AM
    • #2
    • 9th Apr 18, 1:13 AM
    https://www.gov.uk/government/publications/list-of-authorised-isa-managers/isas-authorised-managers

    Last updated 3 April 2018 - will probably be updated again shortly now we are in the new tax year.
    • grey gym sock
    • By grey gym sock 9th Apr 18, 1:58 AM
    • 4,444 Posts
    • 3,992 Thanks
    grey gym sock
    • #3
    • 9th Apr 18, 1:58 AM
    • #3
    • 9th Apr 18, 1:58 AM
    not sure i'd trust that list. it doesn't say hargreaves lansdown are authorized for JISAs; but HL have been doing JISAs for a long time (probably, since they came in), and i think they're normally careful about complying with regulations.
    • AirlieBird
    • By AirlieBird 9th Apr 18, 6:04 AM
    • 1,039 Posts
    • 849 Thanks
    AirlieBird
    • #4
    • 9th Apr 18, 6:04 AM
    • #4
    • 9th Apr 18, 6:04 AM
    They will be authorised as they are not given a token to be able to exchange information electronically with HMRC until they are. Two of the "new" LISA managers have been on the list for a year and the third for nearly a year.
    • Alexland
    • By Alexland 9th Apr 18, 7:19 AM
    • 3,127 Posts
    • 2,462 Thanks
    Alexland
    • #5
    • 9th Apr 18, 7:19 AM
    • #5
    • 9th Apr 18, 7:19 AM
    not sure i'd trust that list. it doesn't say hargreaves lansdown are authorized for JISAs; but HL have been doing JISAs for a long time (probably, since they came in), and i think they're normally careful about complying with regulations.
    Originally posted by grey gym sock
    Yes I see the listings for AJ Bell and Interactive Investor are also missing their JISA products. Either all these companies are lax about registering when additional products get added or the government has not kept track of the information.

    They will be authorised as they are not given a token to be able to exchange information electronically with HMRC until they are.
    Originally posted by AirlieBird
    As long as they are registered for providing at least one ISA product would the government check if they are registered to provide data (or in the case of LISAs making bonus claims) about products for which they are not registered?

    Somewhere the checks are failing as this is supposed to be the authoritative list of ISA providers.

    Alex.
    • AirlieBird
    • By AirlieBird 9th Apr 18, 8:07 AM
    • 1,039 Posts
    • 849 Thanks
    AirlieBird
    • #6
    • 9th Apr 18, 8:07 AM
    • #6
    • 9th Apr 18, 8:07 AM
    As long as they are registered for providing at least one ISA product would the government check if they are registered to provide data (or in the case of LISAs making bonus claims) about products for which they are not registered?
    Originally posted by Alexland
    It's a specific system for the LISA to which HMRC provide the ISA manager with a token to access only when they are authorised to manage the LISA.
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