Lisa

[ScottB]

Hi all,

Do cobens offer a Lisa or are there plans to do so and is there a minimum investment for new clients?

[LastPoster]

I (or rather my younger son, who is a Cobens Direct customer) would be interested in this as well

[Ronski]

If IM had a LISA, then both my daughters would have been invested, not sure if they'd transfer over now though, it was hard enough getting one of the set it up.

[LastPoster]

I spoke to Nik re LISA for my older son (also a Cobens Direct Customer) but the reply was that it was a product they wouldn't be offering as the admin burden would be too great for a limited expected take up. Which is fair enough. Cobens are a bigger organisation so it may be more viable now

[xera]

I thought for LISA you need to be 18 or older? Or are people opening LISAs in their own name for children?

[Nik Burrows]

Hi All

A LISA is age 18 and over. It is unlikely that we will add a LISA in the immediate future, but this may form part of the medium term plans. The administration and reporting requirements make it a costly option for us to run and that combined with the limited contribution amounts make it hard to make it a viable as option for us.

Cheers Nik

[LastPoster]

@Nik-Burrows

Thanks Nik. Son 2 needs one soon so will look and see what exists