TISA - Tax Incentivised Savings Association - Council

TISA Strategy Committee

TISA Strategy Committee

The TISA Strategy Committee (TSC) supports TISA in achieving its Mission and Strategic Intent through the development of evidence-based thought leadership and associated policies that seek to achieve the following consumer focused outcomes:
Transition UK consumers from a culture of debt to one of savings.
Increase the overall levels of individual savings.
Address savings needs covering the whole of an individuals life and for all consumer segments.
Leverage savings by investing in ways that create benefits to the nation.
Address the industry infrastructure required to effectively deliver policy.
The TSC provides oversight of TISAs strategic policy development. Working closely with the policy councils, the TSC draws together the policy and thought leadership strands to ensure a comprehensive, integrated and outcomes focused set of strategic policies that will be used to engage with policy makers and regulators.

Policy development and implementation
The TSC and policy councils have been working on a number of policy initiatives to deliver on the desired consumer outcomes including:
KickStart Money, beginning the process of helping consumers at an early age.
Millennials, an initiative to help engagement with savings and managing money.
Financial guidance, enhanced access for mass markets consumers and delivering guidance in a form that is relevant and helps informed decision making.
Digital ID, providing a secure mechanism for consumers to open new accounts and access existing savings, driving digitalisation of managing personal finances.
Retirement, savings policies that target age cohorts to address their specific savings challenges.
Vulnerable customers, supporting the drive to better identify and support these consumers.
Pension Dashboard, supporting government in engaging with industry to build the dashboard.

The TSC and policy councils have been very active in engaging with government ministers, the Treasury, DWP, cross political party MPs, Cabinet Office, the FCA and HMRC to advocate TISA policies and promoting implementation.