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New TISA Retirement Advisory Council takes shape, Lawson to Chair

April 8, 2008

Expanding its work across the tax-incentivised savings landscape, TISA is pleased to formally introduce the establishment of its new Retirement Advisory Council. This council will lead the association’s work on personal and corporate pensions and other long-term savings issues.

The Council has now had two meetings, discussing contemporary issues affecting the UK’s long-term savings and retirement market as well as designing a work programme for 2008. At the last meeting, members of the Council agreed that John Lawson, Head of Pensions Policy at Standard Life, will be the Chairman of the Council. The Group has also decided to hold a Retirement Conference in the Autumn and are in the process of finalising the details on that event.

Malcolm Small, TISA’s Director of Portfolio & Retirement Planning said,

‘This Council will be unique in the industry because it will be focused on outputs. While there will a very valuable exchange of views amongst members, we are aiming for this Group to be very active in shaping the retirement industry during this time of tremendous change. We will achieve that through public comment, lobbying and series of other initiatives as members deem appropriate.’

Commenting on John Lawson’s appointment as Chairman, Small said,

‘We are immensely pleased that John has agreed to chair our Council. There are few names so recognisable in the UK retirement industry as his. He is exactly the kind of forward-thinking leader to enable our group to make meaningful contributions to retirement savings policy well into the future.’

Newly-elected Advisory Council Chairman John Lawson said,

 ‘I am delighted to chair the new TISA Retirement Council. The diversity of TISA members will ensure that the Retirement Council views are well balanced and contribute constructively to the retirement debate.’

NOTES TO EDITORS: TISA is the trade association for the retail financial services sector. TISA works to improve tax incentivised savings schemes and promotion of savings in the UK. TISA works closely with industry, parliamentarians, HM Treasury, HM Revenue & Customs and the Financial Services Authority to enhance and improve the range, features, benefits, promotion and quality of savings schemes available to all savers in the UK. These include Pensions, Individual Savings Accounts (ISAs), Child Trust Funds (CTFs), employer-based schemes, and other consumer-centric, Government savings schemes and savings initiatives.

For more information visit www.tisa.uk.com or email enquiries@tisa.uk.com

For more information, please contact:

Jacob Coy, Cicero Consulting +44 7900 392 531 or jacob.coy@cicero-europe.com

Malcolm Small, Director of Retirement and Portfolio Planning, TISA 07989 500 771 or malcolm.small@tisa.uk.com