Is net income possible from wraps and platforms?
TISA – Tax Incentivised Savings Association – is to ask whether it is possible to make net income from wraps and platforms at its next seminar looking at the future of the financial services marketplace.
This seminar, to be held in London on Tuesday 12th May 2009, will address the two key challenges facing the industry as it makes the transition to platforms – how do you manage costs and increase revenue and business value?
Speakers include the FSA’s Steve Tulley who will outline the regulatory issues in the wrap and platform arena together with possible ways to tackle them. Industry experts will also consider the future for wraps and platforms in the UK based on the successes and failures of the distribution method to date.
Malcolm Small, TISA Director of Retirement and Portfolio Planning says:
“Platforms undoubtedly provide opportunities to improve operational efficiency. But the FSA is already looking to clarify and declare consumer costs and the pressure on income is even more critical in the current economic climate. Keeping abreast of the latest thinking is therefore essential and this seminar aims to connect current practice with the latest developments.”
Ian Thomas the head of marketing at AXA Portfolio Services will chair the seminar and speakers will include:
• Geoff Towers, CEO, Standard Life Savings Ltd – “The future for wraps and platforms in the UK”
• David Ferguson, CEO, Nucleus Financial Group Ltd – “Aligning the wrap and IFA business models”
• Alan Easter, Head of Distribution, The Money Portal PLC – “Limitations of wrap in the UK market – an alternative perspective”
• Steve Tulley, Senior Associate, FSA Retail Investment Policy – “Wraps and platforms – regulatory issues”
• Matthew Scott, Senior Consultant, Altus Ltd – “Client migration – considering the bigger picture”
The seminar is being held at Old Mutual Asset Managers (UK) Ltd, 2 Lambeth Hill, London, EC4V 4AD on Tuesday 12 May from 13.00 until 17.00.
Delegate fees are £160 for TISA members and £250 for non-members.
For further information, please contact:Malcolm Small, Director of Retirement and Portfolio Planning, TISA – mobile: 07989 500771, email: malcolm.small@tisa.uk.com
Issued on behalf of TISA by Cauldron Consulting, contact Steve Radford – Tel: 020 3178 7238, Mobile: 07889 903786. Email: steve.radford@cauldron-consulting.com
Notes for Editors
The Tax Incentivised Savings Association (TISA)
TISA is the premier trade association in the UK retail savings and investment industry. By engaging with member firms, government, political parties, regulators and consumer groups TISA’s ultimate goal is always to further consumers’ best interests. It seeks to improve the range, features and quality of savings and investment schemes available whilst at the same time encouraging more people to save for their financial security and peace of mind.
Uniquely, TISA is able to articulate the opinions of the whole savings and investments marketplace through its membership comprising over 120 member firms involved in the supply or distribution of products to the sector and its consumer interest. TISA’s remit extends across the broad spectrum of government sponsored savings and investment vehicles including:
• Individual Savings Accounts (ISAs)
• Child Trust Funds (CTFs)
• Savings Gateway
• Personal Pensions
• Investment Bonds
• Employer based pension schemes
• Wraps and platforms
• Other consumer-centric savings schemes and initiatives.
HM Government uses TISA’s market knowledge and ability to represent the views of both the savings and investments industry and consumers to help it to its policy in this area. Recent TISA successes include improvements to the ISA, the regime in which ISAs operate and simplification of the CTF.