PIMA to become TISA
The Executive Board of the PEP & ISA Managers’ Association (PIMA) has decided to change its name to the Tax Incentivised Savings Association (TISA) to reflect the wider scope of activities undertaken by the organisation and its members. This was announced at the Association’s annual House of Commons Terrace Reception.
For just over a decade, PIMA has established itself as the leading trade body on tax-incentivised savings schemes. It has built a sterling reputation as the authoritative industry source for PEPs and ISAs.
More recently PIMA has built upon this expertise by expanding into other areas of saving such as the Child Trust Fund (CTF), financial capability/inclusion, financial crime, long-term savings, wraps, and SIPPs. Increasingly, PIMA is seen as the optimal industry conduit for Government and regulators to communicate with industry and the public at large.
The change to TISA signals an enduring commitment to consumer savings in the UK. The name change will take effect from 1 July 2007.
Director General Tony Vine-Lott said,
‘We believe the name Tax Incentivised Savings Association better represents our focus in the past few years and we look forward to effectively representing the aims of our members and the needs of the consumer in assisting government to further improve and develop schemes and initiatives to support savings and broaden and deepen family wealth creation in the UK.’
For more information:
Tony Vine-Lott, Director-General, PIMA
07790 006108
Iain Anderson or Jacob Coy, Cicero Consulting
020 7665 9535/07900 392531