Our Work

STRATEGIC POLICY

TISA’s Vision 2025 – overseen by the TISA Strategy Committee – is leading our strategic policy development. All our policy work is evidence based, providing insightful, authoritative, measurable and pragmatic recommendations that are used to influence government, regulators and financial services to adopt the proposals. Policy development is prioritised and developed by TISA’s members. Current areas of strategic policy focus include:

Financial-Education

FINANCIAL EDUCATION

Our Children’s Financial Education Policy Council is pursuing policies that empower young people with financial confidence.

The TISA initiated KickStart Money programme is delivering financial education to primary school children. This three year programme will benefit 18,000 children.

With the first Child Trust Funds (CTF) set to mature soon, TISA sees this as an opportunity to reinforce the benefits of saving to young people and reunite CTF assets with their owners.

Vulnerable-customers

CONSUMER ENGAGEMENT

A campaign overseen by the Consumer Engagement Policy Council to improve access to financial guidance, making this support more relevant to the consumers’ circumstances and helping them make sound financial decisions.

Our Vulnerable Customers Working Group is raising awareness amongst financial services firms of the needs of vulnerable people and the regulatory requirements.

The Savings Culture Working Group is looking to create a sea change in the way young people think about managing their money.

Digitalisation

DIGITALISATION

TISA champions digital industry infrastructure developments – based on a commitment to  open standards and independent governance – to ensure that policy is turned into meaningful change for UK consumers. Our unique pan-industry and consumer alignment has enabled us to go from providing support to become a major delivery organisation for consumer focused, digital industry infrastructure initiatives.

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RETIREMENT SAVING

The Retirement Policy Council is developing strategic policy proposals to enhance the current auto enrolment levels of pension contributions to deliver larger, suitable retirement pots for young people entering the workforce.

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CASH & INVESTMENT SAVINGS

Working with government, TISA’s Cash & Investment Savings Policy Council is keen to bring about changes which will simplify and improve the ISA regime.

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SAVINGS INDEX

A biannual measure of households’ total savings and debt in Great Britain, the Savings Index is helping to better understand savings habits and the impacts of savings initiatives and policies.


TECHNICAL POLICY

TISA’s technical policy work – led by our Strategic Technical Policy Committee – helps members and the broader industry become more efficient and better able to serve its customers. Current areas of focus include:

MiFID II

An Executive Committee is examining the implementation issues for ESG requirements, while a MiFID II Upstream Distributor Working Group is assisting firms with reporting requirements.

CASH & INVESTMENT SAVINGS TECHNICAL COMMITTEE

Focusing on the rollover of maturing Child Trust Funds and industry initiatives to improve the technical landscape.

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FINANCIAL CRIME WORKING GROUP

Addressing challenges faced by members in administering measures to counter money laundering, terrorist financing, sanctions and other relevant anti-financial crime legislation.

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SENIOR MANAGERS & CERTIFICATION REGIME (SM&CR) WORKING GROUP

Identifying problem areas for firms, liaising with the FCA, producing information and guidance and supporting member firms via events and communications.

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THE CLIENT ASSETS (CASS) TECHNICAL COMMITTEE

Developing good practice guides and addressing current issues including trade date vs settlement; FRC audits; prudent segregation; reconciliations; CMAR and RP.

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CYBERCRIME RISK TECHNICAL COMMITTEE

Developing good practice guides and training to help firms combat risks.

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ENVIRONMENT, SOCIAL & GOVERNANCE (ESG) TECHNICAL COMMITTEE

Helping members to understand and scope the impact of ESG and developing a taxonomy, within the context of Sustainable Finance. It will look to help firms implement ESG regulatory requirements, develop industry standard reporting and industry good practice.

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P2P & DEBT BASED SECURITIES WORKING GROUP

Developing an appropriateness good practice guide.Developing good practice guides and addressing current issues including trade date vs settlement; FRC audits; prudent segregation; reconciliations; CMAR and RP.

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TAXATION TECHNICAL COMMITTEE

Reviewing the impact of tax changes and VAT obfuscations for financial services.