The UK’s leading savings management platform, Newcastle Strategic Solutions, has today added Lifetime ISA capability to its product portfolio, meaning its existing clients can now enter the Lifetime ISA market should they choose to do so.
Newcastle Strategic Solutions part of Newcastle Building Society Group, manages savings accounts on behalf of some of the UK’s leading retail savings providers.
The introduction of Lifetime ISA to the platform will help bring additional competition to the Lifetime ISA market and allow clients to enhance their savings product portfolios.
The tax free lifetime individual savings account can help first time buyers saving for a deposit, and those saving for retirement, attracting a 25% Government bonus on amounts saved each tax year to a limit of £4,000 per year (£1,000 bonus).
Managing Director of Newcastle Strategic Solutions, Phil Grand, said: “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 savings customers.”
Newcastle Strategic Solutions offers a fully managed, end to end savings service or a flexible systems only solution; from initial on-boarding and launch, through to ongoing account management. The responsive outsourced service is underpinned by an agile savings platform. Constructed through API technologies, it delivers an integrated internet banking platform with automated account opening functionality.
