Comment from TISA, the financial services membership association in response to the Pension Tax Relief Consultation
David Dalton-Brown, Director-General of TISA said:
“We strongly support the pension tax relief consultation, it has been something we have been advocating and supporting through our TSIP project for some time. We will be making a full response to the consultation through TSIP and our wider TISA membership.
“We will respond to the Chancellor with an innovative and enduring solution, which will focus on how to increase levels of personal savings across all segments of society. Our proposals will address how to tackle the on-going savings crisis and raise retirement savings levels for all consumers, which will in turn increase the amount of money available to invest in UK Plc, thereby supporting wider economic growth.
Ends….
For further information please contact:
Alistair Kellie – Telephone: 020 7680 6558/Email Alistair.Kellie@newgatecomms.com
Sara Lyons – Telephone: 020 7680 6550 / Email Sara.Lyons@newgatecomms.com
Nick Morris – Telephone: 020 7680 6557/Email Nick.Morris@newgatecomms.com
Email: TISA@newgatecomms.com
Notes for Editors
TISA is a not-for-profit membership association operating within the financial services industry. We represent the interests of over 147 member firms involved in the supply and distribution of savings and investment products and services.
TISA has a highly successful track record in working cooperatively with government, regulators, HMT, DWP and HMRC to improve the performance of the industry and the outcomes for consumers. Policy and regulation continues to be the major focus for our members with regard to corporate responsibility.
TISA and its members’ remit is evolving into a clearer focus on pro-active consultation in the regulatory world in order to influence policy and associated regulation before its creation, rather than reacting to issued policy directives. This will help to ensure a more considered policy creation from the authorities.
*The Savings and Investments Policy project is working with a wide range of financial service companies, trade bodies and consumer groups to develop these pan-industry proposals. It is directed by an Executive Committee formed of 16 leading financial services companies including Aviva, AXA Wealth, BNY Mellon, BlackRock, Ernst Young, Henderson, J.P. Morgan Asset Management, L&G, Lloyds Banking, Nationwide, Northern Trust, Old Mutual, Pinsent Masons, RBS, Threadneedle Investments and TISA.